Stock Traders Purchase Large Volume of Call Options on JBS (NYSE:JBS)

Jbs N.V. (NYSE:JBS) saw unusually large options trading activity on Monday. Traders purchased 18,761 call options on the stock. This represents an increase of approximately 351% compared to the average volume of 4,164 call options.

JBS Stock Performance

JBS stock opened at $14.55 on Wednesday. The stock’s 50 day moving average is $13.69. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. JBS has a one year low of $12.37 and a one year high of $17.80.

JBS (NYSE:JBS) last posted its earnings results on Friday, November 14th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $2.74 by ($2.22). The firm’s revenue was up 13.4% compared to the same quarter last year.

Institutional Trading of JBS

Large investors have recently added to or reduced their stakes in the company. Carrhae Capital LLP bought a new position in shares of JBS in the third quarter valued at approximately $6,042,000. NewEdge Advisors LLC increased its holdings in JBS by 17.8% during the 3rd quarter. NewEdge Advisors LLC now owns 62,000 shares of the company’s stock valued at $926,000 after purchasing an additional 9,352 shares in the last quarter. Woodline Partners LP increased its holdings in JBS by 457.5% during the 3rd quarter. Woodline Partners LP now owns 2,255,339 shares of the company’s stock valued at $33,672,000 after purchasing an additional 1,850,813 shares in the last quarter. PharVision Advisers LLC bought a new position in JBS in the 3rd quarter valued at $203,000. Finally, VPR Management LLC acquired a new position in JBS in the third quarter worth $647,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JBS. Santander assumed coverage on JBS in a research report on Thursday, August 14th. They set a “neutral” rating on the stock. Stephens reiterated an “overweight” rating and issued a $19.00 price objective on shares of JBS in a research report on Friday, August 15th. Mizuho set a $20.00 price objective on JBS in a report on Tuesday, October 28th. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of JBS in a research note on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, JBS presently has an average rating of “Moderate Buy” and an average target price of $19.67.

JBS Company Profile

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.