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

Jack in the Box Inc. (NASDAQ:JACK) saw some unusual options trading on Wednesday. Stock investors bought 3,696 put options on the company. This is an increase of 1,305% compared to the typical volume of 263 put options.

In related news, CEO Leonard A. Comma sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.00, for a total transaction of $276,000.00. Following the completion of the sale, the chief executive officer now directly owns 180,552 shares of the company’s stock, valued at $16,610,784. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Goebel sold 2,000 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $90.93, for a total value of $181,860.00. Following the sale, the director now directly owns 18,890 shares of the company’s stock, valued at $1,717,667.70. The disclosure for this sale can be found here. Insiders have sold 8,000 shares of company stock valued at $730,860 over the last ninety days. 2.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in JACK. Nuveen Asset Management LLC grew its position in shares of Jack in the Box by 193.9% in the second quarter. Nuveen Asset Management LLC now owns 872,672 shares of the restaurant operator’s stock valued at $71,026,000 after purchasing an additional 575,737 shares in the last quarter. Invesco Ltd. grew its position in shares of Jack in the Box by 51.2% in the second quarter. Invesco Ltd. now owns 857,348 shares of the restaurant operator’s stock valued at $69,780,000 after purchasing an additional 290,312 shares in the last quarter. Marshall Wace LLP grew its position in shares of Jack in the Box by 69.3% in the second quarter. Marshall Wace LLP now owns 653,864 shares of the restaurant operator’s stock valued at $53,218,000 after purchasing an additional 267,686 shares in the last quarter. Holocene Advisors LP grew its position in shares of Jack in the Box by 1,386.2% in the second quarter. Holocene Advisors LP now owns 259,046 shares of the restaurant operator’s stock valued at $21,084,000 after purchasing an additional 241,616 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Jack in the Box by 599.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 189,009 shares of the restaurant operator’s stock valued at $15,384,000 after purchasing an additional 161,968 shares in the last quarter.

A number of analysts have issued reports on the company. SunTrust Banks decreased their target price on Jack in the Box from $108.00 to $106.00 and set a “buy” rating for the company in a research report on Friday, October 18th. BidaskClub downgraded Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, October 23rd. Goldman Sachs Group assumed coverage on Jack in the Box in a research report on Monday, July 29th. They issued a “sell” rating and a $69.00 target price for the company. ValuEngine raised Jack in the Box from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Wells Fargo & Co raised their target price on 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. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned 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.

NASDAQ:JACK opened at $80.61 on Friday. The business has a fifty day simple moving average of $86.26 and a two-hundred day simple moving average of $83.75. Jack in the Box has a 1 year low of $70.77 and a 1 year high of $93.12. The company has a market capitalization of $2.23 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.38 and a beta of 0.25.

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

About Jack in the Box

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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