Jack in the Box Sees Unusually High Options Volume (NASDAQ:JACK)

Jack in the Box Inc. (NASDAQ:JACK) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 4,473 call options on the company. This is an increase of 1,888% compared to the average volume of 225 call options.

A number of research firms have recently weighed in on JACK. Credit Suisse Group upped their target price on shares of Jack in the Box from $75.00 to $78.00 and gave the stock an “underperform” rating in a research report on Friday, August 9th. Robert W. Baird upped their target price on shares of Jack in the Box from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Goldman Sachs Group began coverage on shares of Jack in the Box in a research report on Monday, July 29th. They issued a “sell” rating and a $69.00 target price on the stock. Wells Fargo & Co upped their target price on shares of Jack in the Box from $102.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, SunTrust Banks reduced their target price on shares of Jack in the Box from $108.00 to $106.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. Jack in the Box presently has a consensus rating of “Hold” and an average price target of $93.82.

In other Jack in the Box news, Director David Goebel sold 2,000 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $90.93, for a total transaction of $181,860.00. Following the transaction, the director now directly owns 18,890 shares of the company’s stock, valued at approximately $1,717,667.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Leonard A. Comma sold 3,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $91.00, for a total transaction of $273,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,000 shares of company stock worth $730,860. Insiders own 2.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its position in Jack in the Box by 6,483.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 395 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 389 shares during the last quarter. Strs Ohio purchased a new stake in Jack in the Box during the 2nd quarter valued at about $40,000. Point72 Hong Kong Ltd grew its position in Jack in the Box by 3,727.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 842 shares of the restaurant operator’s stock valued at $69,000 after purchasing an additional 820 shares during the last quarter. First Mercantile Trust Co. grew its position in Jack in the Box by 11.5% during the 3rd quarter. First Mercantile Trust Co. now owns 1,269 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 131 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Jack in the Box during the 2nd quarter valued at about $159,000.

NASDAQ:JACK opened at $84.81 on Thursday. Jack in the Box has a 1-year low of $70.77 and a 1-year high of $93.12. The firm’s 50-day moving average price is $86.46 and its 200-day moving average price is $83.72. The company has a market capitalization of $2.23 billion, a PE ratio of 22.38, a P/E/G ratio of 1.38 and a beta of 0.25.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, November 20th. The restaurant operator reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.01). Jack in the Box had a net margin of 9.78% and a negative return on equity of 18.59%. The firm had revenue of $221.24 million for the quarter, compared to analysts’ expectations of $222.68 million. During the same period last year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. As a group, analysts expect that Jack in the Box will post 4.36 EPS for the current fiscal year.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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