J D Wetherspoon (LON:JDW) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

J D Wetherspoon plc (LON:JDW)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 703.12 and traded as high as GBX 750. J D Wetherspoon shares last traded at GBX 732.50, with a volume of 23,892 shares traded.

Analyst Ratings Changes

A number of equities analysts have issued reports on JDW shares. Shore Capital restated a “hold” rating on shares of J D Wetherspoon in a research report on Wednesday, November 5th. Peel Hunt reissued a “hold” rating and set a GBX 700 price objective on shares of J D Wetherspoon in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, J D Wetherspoon has a consensus rating of “Reduce” and an average price target of GBX 595.

J D Wetherspoon Trading Up 0.7%

The business has a 50-day moving average of GBX 672.73 and a 200 day moving average of GBX 703.19. The stock has a market cap of £772.10 million, a PE ratio of 12.90, a PEG ratio of 3.39 and a beta of 1.34. The company has a debt-to-equity ratio of 283.19, a quick ratio of 0.19 and a current ratio of 0.35.

J D Wetherspoon (LON:JDW) last released its quarterly earnings results on Friday, October 3rd. The company reported GBX 50.80 earnings per share (EPS) for the quarter. J D Wetherspoon had a net margin of 2.40% and a return on equity of 12.66%. Equities research analysts predict that J D Wetherspoon plc will post 52.8508772 EPS for the current fiscal year.

Insider Transactions at J D Wetherspoon

In other news, insider Harry Morley bought 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The shares were purchased at an average price of GBX 624 per share, for a total transaction of £46,800. Insiders have purchased a total of 7,616 shares of company stock worth $4,755,172 in the last quarter. 28.40% of the stock is currently owned by company insiders.

About J D Wetherspoon

J D Wetherspoon owns and operates pubs and hotels throughout the UK and Ireland. The company aims to provide customers with good-quality food and drinks, served by well-trained and friendly staff, at reasonable prices.

The pubs are individually designed, and the company aims to maintain them in excellent condition.