Jack In The Box (NASDAQ:JACK) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Jack In The Box Inc. (NASDAQ:JACK) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $14.34 and traded as low as $14.03. Jack In The Box shares last traded at $14.07, with a volume of 277,327 shares.

Analyst Ratings Changes

JACK has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Jack In The Box in a report on Wednesday, November 4th. Wall Street Zen upgraded shares of Jack In The Box from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group upped their price objective on shares of Jack In The Box from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Deutsche Bank reissued a “hold” rating and set a $16.00 target price on shares of Jack In The Box in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada raised their target price on Jack In The Box from $16.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Jack In The Box has an average rating of “Reduce” and a consensus price target of $16.83.

Jack In The Box Stock Performance

The stock has a 50 day moving average of $13.20 and a two-hundred day moving average of $14.34. The firm has a market capitalization of $269.86 million, a P/E ratio of 8.13, a P/E/G ratio of 0.90 and a beta of 1.43.

Jack In The Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. The firm had revenue of $257.66 million during the quarter, compared to analysts’ expectations of $264.60 million. Jack In The Box had a negative return on equity of 6.33% and a net margin of 2.84%. The company’s revenue was down 22.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 earnings per share. Sell-side analysts predict that Jack In The Box Inc. will post 3.13 EPS for the current year.

Hedge Funds Weigh In On Jack In The Box

Several large investors have recently bought and sold shares of JACK. Legal & General Group Plc bought a new stake in shares of Jack In The Box in the 2nd quarter worth approximately $30,000. Public Employees Retirement System of Ohio acquired a new stake in Jack In The Box in the 2nd quarter valued at $48,000. Versant Capital Management Inc boosted its stake in Jack In The Box by 106.7% in the 2nd quarter. Versant Capital Management Inc now owns 6,107 shares of the restaurant operator’s stock valued at $97,000 after buying an additional 3,152 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Jack In The Box by 10.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,393 shares of the restaurant operator’s stock valued at $111,000 after buying an additional 792 shares in the last quarter. Finally, one8zero8 LLC bought a new stake in Jack In The Box in the third quarter valued at $136,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

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.