Traders Buy Large Volume of Call Options on Jack in the Box (JACK)

Jack in the Box Inc. (NASDAQ:JACK) was the recipient of unusually large options trading activity on Monday. Investors bought 4,536 call options on the company. This represents an increase of 674% compared to the typical volume of 586 call options.

Jack in the Box (JACK) traded up $1.63 on Wednesday, hitting $83.58. 577,935 shares of the company were exchanged, compared to its average volume of 879,307. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53. The stock has a market capitalization of $2,460.00, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.53 and a beta of 0.42. Jack in the Box has a one year low of $79.30 and a one year high of $113.00.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The business had revenue of $338.75 million during the quarter, compared to analysts’ expectations of $341.34 million. During the same period in the previous year, the business posted $1.03 EPS. The business’s quarterly revenue was down 15.0% compared to the same quarter last year. research analysts predict that Jack in the Box will post 4.02 EPS for the current fiscal year.

A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 5th. SunTrust Banks set a $109.00 price target on shares of Jack in the Box and gave the stock a “buy” rating in a research note on Friday, December 1st. Wedbush lowered shares of Jack in the Box from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $115.00 to $104.00 in a research note on Monday, November 20th. Wells Fargo & Co dropped their price objective on shares of Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Finally, Oppenheimer reissued a “buy” rating on shares of Jack in the Box in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $111.31.

In other news, CEO Leonard A. Comma sold 9,436 shares of Jack in the Box stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $99.78, for a total value of $941,524.08. Following the completion of the sale, the chief executive officer now directly owns 181,320 shares in the company, valued at $18,092,109.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Dean C. Gordon sold 278 shares of Jack in the Box stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $102.22, for a total transaction of $28,417.16. Following the completion of the sale, the vice president now owns 3,924 shares of the company’s stock, valued at $401,111.28. The disclosure for this sale can be found here. Insiders sold 25,671 shares of company stock valued at $2,586,928 over the last quarter. Company insiders own 2.60% of the company’s stock.

Large investors have recently modified their holdings of the business. Meeder Asset Management Inc. lifted its holdings in Jack in the Box by 597.5% during the fourth quarter. Meeder Asset Management Inc. now owns 1,123 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 962 shares in the last quarter. Cerebellum GP LLC purchased a new position in Jack in the Box during the fourth quarter valued at approximately $118,000. Royal Bank of Canada lifted its holdings in Jack in the Box by 9.0% during the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 105 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in Jack in the Box during the third quarter valued at approximately $203,000. Finally, Diligent Investors LLC purchased a new position in Jack in the Box during the third quarter valued at approximately $206,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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Jack in the Box Company Profile

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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