Jack in the Box Target of Unusually Large Options Trading (JACK)

Jack in the Box Inc. (NASDAQ:JACK) was the target of unusually large options trading on Wednesday. Investors bought 19,439 put options on the stock. This is an increase of approximately 1,484% compared to the typical daily volume of 1,227 put options.

Jack in the Box (NASDAQ:JACK) opened at $105.20 on Friday. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.63 and a current ratio of 0.53. Jack in the Box has a 12-month low of $90.89 and a 12-month high of $113.30. The stock has a market capitalization of $3,046.66, a P/E ratio of 26.68, a P/E/G ratio of 1.64 and a beta of 0.52.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $338.75 million for the quarter, compared to analyst estimates of $341.34 million. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was down 15.0% on a year-over-year basis. analysts predict that Jack in the Box will post 4.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be issued a $0.40 dividend. The ex-dividend date is Friday, December 1st. This represents a $1.60 annualized dividend and a yield of 1.52%. Jack in the Box’s dividend payout ratio (DPR) is presently 36.36%.

In other news, insider Frances L. Allen sold 530 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $102.71, for a total transaction of $54,436.30. Following the sale, the insider now owns 10,979 shares of the company’s stock, valued at approximately $1,127,653.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jana Partners LLC acquired a new position in Jack in the Box in the 3rd quarter valued at $134,200,000. California Public Employees Retirement System raised its holdings in Jack in the Box by 8.1% in the 3rd quarter. California Public Employees Retirement System now owns 95,093 shares of the restaurant operator’s stock valued at $9,692,000 after acquiring an additional 7,093 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Jack in the Box by 14.2% in the 3rd quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock valued at $63,507,000 after acquiring an additional 77,557 shares during the last quarter. Jane Street Group LLC raised its holdings in Jack in the Box by 124.0% in the 3rd quarter. Jane Street Group LLC now owns 5,132 shares of the restaurant operator’s stock valued at $523,000 after acquiring an additional 26,495 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in Jack in the Box in the 3rd quarter valued at $203,000. Institutional investors own 99.18% of the company’s stock.

JACK has been the topic of several research analyst reports. Robert W. Baird set a $115.00 price target on Jack in the Box and gave the stock a “buy” rating in a research note on Monday, November 27th. BidaskClub raised Jack in the Box from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. TheStreet lowered Jack in the Box from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Wells Fargo & Company restated an “outperform” rating and set a $120.00 price objective on shares of Jack in the Box in a research report on Thursday, August 10th. Finally, Stifel Nicolaus started coverage on Jack in the Box in a research report on Monday, October 2nd. They set a “hold” rating and a $105.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $113.62.

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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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