Traders Purchase Large Volume of Put Options on Jack In The Box (JACK)

Jack In The Box Inc. (NASDAQ:JACK) was the recipient of unusually large options trading activity on Thursday. Investors purchased 4,788 put options on the company. This represents an increase of Infinity compared to the typical daily volume of 0 put options.

Jack In The Box (NASDAQ JACK) opened at $99.99 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.63 and a debt-to-equity ratio of -2.56. Jack In The Box has a fifty-two week low of $90.89 and a fifty-two week high of $113.30. The stock has a market cap of $2,930.00, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 1.52 and a beta of 0.52.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.06). Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The firm had revenue of $357.80 million for the quarter, compared to the consensus estimate of $360.84 million. During the same quarter in the previous year, the business posted $1.07 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. sell-side analysts forecast that Jack In The Box will post 4.07 earnings per share for the current year.

JACK has been the subject of a number of research reports. Zacks Investment Research raised shares of Jack In The Box from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Wedbush reissued a “buy” rating and issued a $115.00 target price on shares of Jack In The Box in a report on Friday, October 13th. Jefferies Group LLC reissued a “buy” rating and issued a $120.00 target price on shares of Jack In The Box in a report on Thursday, October 12th. Telsey Advisory Group raised shares of Jack In The Box from a “market perform” rating to an “outperform” rating and set a $118.00 target price for the company in a report on Wednesday, October 4th. Finally, Stifel Nicolaus initiated coverage on shares of Jack In The Box in a report on Monday, October 2nd. They issued a “hold” rating and a $105.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Jack In The Box has a consensus rating of “Buy” and an average price target of $113.38.

In other Jack In The Box news, insider Frances L. Allen sold 530 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $102.71, for a total transaction of $54,436.30. Following the sale, the insider now directly owns 10,979 shares in the company, valued at $1,127,653.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its holdings in Jack In The Box by 7.8% during the 3rd quarter. Wells Fargo & Company MN now owns 238,487 shares of the restaurant operator’s stock worth $24,308,000 after purchasing an additional 17,209 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Jack In The Box by 173.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 135,247 shares of the restaurant operator’s stock worth $13,666,000 after purchasing an additional 85,708 shares during the last quarter. Legal & General Group Plc raised its holdings in Jack In The Box by 14.7% during the 3rd quarter. Legal & General Group Plc now owns 28,308 shares of the restaurant operator’s stock worth $2,887,000 after purchasing an additional 3,623 shares during the last quarter. Diligent Investors LLC bought a new position in Jack In The Box during the 3rd quarter worth approximately $206,000. Finally, American International Group Inc. raised its holdings in Jack In The Box by 0.7% during the 3rd quarter. American International Group Inc. now owns 79,718 shares of the restaurant operator’s stock worth $8,125,000 after purchasing an additional 557 shares during the last quarter. Hedge funds and other institutional investors own 96.17% of the company’s stock.

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About Jack In The Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

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