Investors Purchase Large Volume of Put Options on Jack in the Box (JACK)

Jack in the Box Inc. (NASDAQ:JACK) was the recipient of some unusual options trading on Thursday. Stock traders purchased 7,378 put options on the company. This is an increase of approximately 965% compared to the average daily volume of 693 put options.

Jack in the Box (NASDAQ JACK) opened at $89.65 on Friday. Jack in the Box has a 1-year low of $79.30 and a 1-year high of $113.00. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. The firm has a market capitalization of $2,571.66, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.61 and a beta of 0.42.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, February 21st. The restaurant operator reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.17. Jack in the Box had a negative return on equity of 27.33% and a net margin of 8.20%. The company had revenue of $294.50 million for the quarter, compared to analyst estimates of $284.37 million. During the same period last year, the company earned $1.18 earnings per share. The business’s revenue was down 16.6% compared to the same quarter last year. equities research analysts anticipate that Jack in the Box will post 4.02 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.60 annualized dividend and a yield of 1.78%. Jack in the Box’s dividend payout ratio (DPR) is currently 43.24%.

In related news, SVP Paul D. Melancon sold 461 shares of Jack in the Box stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total transaction of $45,998.58. Following the completion of the sale, the senior vice president now owns 5,370 shares of the company’s stock, valued at $535,818.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Leonard A. Comma sold 9,436 shares of Jack in the Box stock in a transaction 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 sale, the chief executive officer now directly owns 181,320 shares of the company’s stock, valued at approximately $18,092,109.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,671 shares of company stock valued at $2,586,928. Insiders own 2.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB bought a new position in Jack in the Box during the fourth quarter valued at about $260,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Jack in the Box in the fourth quarter worth about $4,425,000. Segall Bryant & Hamill LLC increased its stake in shares of Jack in the Box by 136.5% in the fourth quarter. Segall Bryant & Hamill LLC now owns 95,055 shares of the restaurant operator’s stock worth $9,326,000 after purchasing an additional 54,871 shares during the period. MetLife Investment Advisors LLC bought a new position in shares of Jack in the Box in the fourth quarter worth about $3,153,000. Finally, Otter Creek Advisors LLC bought a new position in shares of Jack in the Box in the fourth quarter worth about $5,053,000. Institutional investors own 98.16% of the company’s stock.

A number of analysts recently issued reports on the company. Cowen reissued a “hold” rating and set a $94.00 price objective on shares of Jack in the Box in a research report on Friday, February 16th. Wedbush reissued a “buy” rating and set a $115.00 price objective on shares of Jack in the Box in a research report on Thursday. BidaskClub raised Jack in the Box from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 17th. OTR Global raised Jack in the Box to a “positive” rating in a research report on Wednesday, February 14th. Finally, Zacks Investment Research raised Jack in the Box from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $110.92.

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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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