Jack In The Box (NASDAQ:JACK) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Jack In The Box Inc. (NASDAQ:JACK) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $13.54 and traded as high as $14.12. Jack In The Box shares last traded at $13.80, with a volume of 459,732 shares changing hands.

Analyst Ratings Changes

A number of research firms have commented on JACK. Morgan Stanley lowered their target price on shares of Jack In The Box from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, October 15th. UBS Group increased their price target on Jack In The Box from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Weiss Ratings restated a “sell (d)” rating on shares of Jack In The Box in a research report on Tuesday, August 11th. Royal Bank Of Canada raised their price target on Jack In The Box from $16.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $16.00 price objective on shares of Jack In The Box in a research note on Thursday, August 13th. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Jack In The Box presently has a consensus rating of “Reduce” and a consensus target price of $16.83.

Jack In The Box Stock Performance

The firm has a market capitalization of $264.67 million, a price-to-earnings ratio of 7.98, a P/E/G ratio of 0.74 and a beta of 1.41. The business’s 50-day moving average is $13.54 and its two-hundred day moving average is $14.65.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Jack In The Box had a net margin of 2.84% and a negative return on equity of 6.33%. The business had revenue of $257.66 million for the quarter, compared to analyst estimates of $264.60 million. During the same quarter last year, the firm earned $1.02 EPS. Jack In The Box’s quarterly revenue was down 22.6% compared to the same quarter last year. Analysts forecast that Jack In The Box Inc. will post 3.13 EPS for the current year.

Institutional Trading of Jack In The Box

A number of large investors have recently made changes to their positions in the company. Legal & General Group Plc bought a new stake in shares of Jack In The Box in the second quarter worth about $30,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Jack In The Box during the second quarter worth about $48,000. Versant Capital Management Inc lifted its holdings in shares of Jack In The Box by 106.7% during the 2nd quarter. Versant Capital Management Inc now owns 6,107 shares of the restaurant operator’s stock valued at $97,000 after purchasing an additional 3,152 shares in the last quarter. Bank of Nova Scotia bought a new position in shares of Jack In The Box during the 1st quarter valued at about $102,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Jack In The Box in the 2nd quarter valued at approximately $254,000. Institutional investors own 99.79% of the company’s stock.

Jack In The Box Company Profile

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.