JBS Target of Unusually Large Options Trading (NYSE:JBS)

Jbs N.V. (NYSE:JBS) was the target of unusually large options trading activity on Monday. Stock traders bought 18,761 call options on the stock. This represents an increase of 351% compared to the typical daily volume of 4,164 call options.

JBS Trading Up 4.5%

Shares of JBS stock traded up $0.62 during trading hours on Monday, hitting $14.35. 2,250,884 shares of the company were exchanged, compared to its average volume of 5,709,922. The business’s fifty day moving average price is $13.74. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.54 and a quick ratio of 0.76. JBS has a 1 year low of $12.37 and a 1 year high of $17.80.

JBS (NYSE:JBS) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.74 by ($2.22). The company’s quarterly revenue was up 13.4% on a year-over-year basis.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new stake in shares of JBS in the second quarter worth about $161,969,000. Banco BTG Pactual S.A. purchased a new stake in shares of JBS during the 3rd quarter valued at about $143,175,000. Ameriprise Financial Inc. lifted its position in JBS by 23,891.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock worth $98,285,000 after acquiring an additional 6,555,634 shares in the last quarter. State Street Corp purchased a new position in JBS in the 2nd quarter worth approximately $84,109,000. Finally, Alberta Investment Management Corp boosted its holdings in JBS by 205.9% in the 3rd quarter. Alberta Investment Management Corp now owns 4,234,300 shares of the company’s stock worth $63,218,000 after acquiring an additional 2,850,000 shares during the period.

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.