Jack in the Box Sees Unusually Large Options Volume (JACK)

Jack in the Box Inc. (NASDAQ:JACK) was the recipient of some unusual options trading on Tuesday. Traders bought 819 call options on the company. This represents an increase of 612% compared to the typical daily volume of 115 call options.

In other news, CEO Leonard A. Comma sold 1,615 shares of the firm’s stock in a transaction dated Friday, December 21st. The stock was sold at an average price of $77.44, for a total transaction of $125,065.60. Following the sale, the chief executive officer now directly owns 207,552 shares in the company, valued at approximately $16,072,826.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul D. Melancon sold 488 shares of the firm’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $87.66, for a total value of $42,778.08. Following the sale, the senior vice president now owns 5,594 shares in the company, valued at $490,370.04. The disclosure for this sale can be found here. Insiders have sold a total of 15,563 shares of company stock worth $1,344,242 over the last 90 days. Insiders own 2.60% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP lifted its stake in Jack in the Box by 27.7% in the 2nd quarter. First Trust Advisors LP now owns 3,554 shares of the restaurant operator’s stock worth $303,000 after purchasing an additional 772 shares in the last quarter. Vident Investment Advisory LLC lifted its stake in Jack in the Box by 19.0% in the 3rd quarter. Vident Investment Advisory LLC now owns 6,250 shares of the restaurant operator’s stock worth $524,000 after purchasing an additional 997 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Jack in the Box by 12.5% in the 3rd quarter. Pacer Advisors Inc. now owns 10,066 shares of the restaurant operator’s stock worth $844,000 after purchasing an additional 1,116 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Jack in the Box by 267.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,543 shares of the restaurant operator’s stock worth $129,000 after purchasing an additional 1,123 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its stake in Jack in the Box by 43.8% in the 3rd quarter. Riverhead Capital Management LLC now owns 4,269 shares of the restaurant operator’s stock worth $358,000 after purchasing an additional 1,300 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Jack in the Box stock opened at $80.30 on Wednesday. The stock has a market capitalization of $2.09 billion, a P/E ratio of 21.19, a P/E/G ratio of 1.57 and a beta of 0.62. Jack in the Box has a twelve month low of $74.19 and a twelve month high of $95.99.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Monday, November 19th. The restaurant operator reported $0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.08). The company had revenue of $177.47 million during the quarter, compared to analysts’ expectations of $175.26 million. Jack in the Box had a net margin of 13.96% and a negative return on equity of 23.22%. The company’s quarterly revenue was down 23.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 earnings per share. As a group, equities analysts anticipate that Jack in the Box will post 4.29 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on JACK shares. Morgan Stanley dropped their target price on Jack in the Box from $96.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 18th. BidaskClub cut Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Gordon Haskett initiated coverage on shares of Jack in the Box in a research note on Thursday, October 18th. They issued a “hold” rating and a $84.00 price target on the stock. Wedbush reaffirmed a “buy” rating and issued a $115.00 price target on shares of Jack in the Box in a research note on Thursday, October 4th. Finally, Cowen reaffirmed a “hold” rating and issued a $81.00 price target on shares of Jack in the Box in a research note on Friday, November 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Jack in the Box presently has an average rating of “Hold” and a consensus price target of $93.40.

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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. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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