Jack In The Box Sees Unusually Large Options Volume (NASDAQ:JACK)
by Tristan Rich · The Markets DailyJack In The Box Inc. (NASDAQ:JACK – Get Free Report) was the target of unusually large options trading on Thursday. Stock traders acquired 8,301 call options on the stock. This represents an increase of approximately 332% compared to the typical volume of 1,923 call options.
Jack In The Box Trading Down 9.2%
JACK stock traded down $1.73 during trading on Friday, reaching $17.03. The stock had a trading volume of 1,652,108 shares, compared to its average volume of 900,761. The firm has a market cap of $324.83 million, a PE ratio of 9.84, a PEG ratio of 1.04 and a beta of 1.38. The stock’s 50 day moving average is $15.12 and its two-hundred day moving average is $14.59. Jack In The Box has a 52 week low of $8.91 and a 52 week high of $23.86.
Jack In The Box (NASDAQ:JACK – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. The firm had revenue of $257.66 million during the quarter, compared to analyst estimates of $264.60 million. Jack In The Box had a negative return on equity of 6.33% and a net margin of 2.84%.Jack In The Box’s revenue was down 22.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 EPS. On average, research analysts anticipate that Jack In The Box will post 3.37 EPS for the current year.
Analysts Set New Price Targets
JACK has been the subject of a number of analyst reports. Royal Bank Of Canada raised their target price on shares of Jack In The Box from $16.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays dropped their price target on Jack In The Box from $23.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Jack In The Box in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $16.00 price objective on shares of Jack In The Box in a research note on Thursday. Finally, Guggenheim downgraded Jack In The Box from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Jack In The Box has an average rating of “Hold” and a consensus target price of $17.22.
Get Our Latest Stock Report on Jack In The Box
Insiders Place Their Bets
In other Jack In The Box news, Director Guillermo Diaz, Jr. purchased 5,962 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was bought at an average price of $11.51 per share, with a total value of $68,622.62. Following the completion of the purchase, the director directly owned 20,692 shares of the company’s stock, valued at $238,164.92. The trade was a 40.48% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Jack In The Box by 5.9% in the 1st quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock worth $327,000 after buying an additional 671 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Jack In The Box by 96.7% in the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 698 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Jack In The Box by 322.6% in the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 1,126 shares during the last quarter. Russell Investments Group Ltd. grew its position in Jack In The Box by 43.4% in the fourth quarter. Russell Investments Group Ltd. now owns 4,507 shares of the restaurant operator’s stock worth $85,000 after acquiring an additional 1,363 shares in the last quarter. Finally, Manning & Napier Advisors LLC grew its position in Jack In The Box by 0.4% in the first quarter. Manning & Napier Advisors LLC now owns 376,343 shares of the restaurant operator’s stock worth $3,639,000 after acquiring an additional 1,677 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.
About Jack In The Box
Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.
The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.
Featured Articles
- Five stocks we like better than Jack In The Box
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing