Jack In The Box (NASDAQ:JACK) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Jack In The Box Inc. (NASDAQ:JACK)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.91 and traded as high as $19.96. Jack In The Box shares last traded at $19.68, with a volume of 517,959 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JACK. Northcoast Research raised shares of Jack In The Box from a “sell” rating to a “neutral” rating in a report on Friday, November 21st. Barclays reduced their target price on Jack In The Box from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 20th. UBS Group dropped their price target on Jack In The Box from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. Truist Financial reduced their price objective on Jack In The Box from $19.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, November 20th. Finally, Stifel Nicolaus decreased their price objective on Jack In The Box from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, November 20th. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Jack In The Box currently has an average rating of “Hold” and a consensus price target of $24.33.

Jack In The Box Stock Up 0.9%

The company has a 50 day moving average of $17.72 and a 200 day moving average of $18.91. The stock has a market capitalization of $371.95 million, a price-to-earnings ratio of -4.61, a price-to-earnings-growth ratio of 0.97 and a beta of 1.13.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.16). The business had revenue of $326.19 million during the quarter, compared to analysts’ expectations of $324.23 million. Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 EPS. On average, research analysts forecast that Jack In The Box Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Lance F. Tucker purchased 5,000 shares of the business’s stock in a transaction on Monday, November 24th. The shares were bought at an average price of $17.29 per share, with a total value of $86,450.00. Following the completion of the purchase, the chief executive officer directly owned 84,555 shares in the company, valued at approximately $1,461,955.95. This trade represents a 6.28% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Carl Mount sold 1,393 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $19.00, for a total transaction of $26,467.00. Following the sale, the senior vice president directly owned 19,300 shares of the company’s stock, valued at $366,700. This represents a 6.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,486 shares of company stock valued at $162,039 in the last ninety days. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jack In The Box

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in Jack In The Box by 165.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 836 shares in the last quarter. US Bancorp DE increased its position in shares of Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 698 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Jack In The Box in the third quarter worth $42,000. Hantz Financial Services Inc. raised its stake in shares of Jack In The Box by 136.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 1,336 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Jack In The Box by 882.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 2,824 shares in the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

Jack In The Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.