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.
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.
ILLEGAL ACTIVITY NOTICE: “Jack in the Box Target of Unusually Large Options Trading (JACK)” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/12/02/jack-in-the-box-target-of-unusually-large-options-trading-jack.html.
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.
Receive News & Ratings for Jack in the Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box Inc. and related companies with MarketBeat.com's FREE daily email newsletter.