Jack in the Box Target of Unusually High Options Trading (JACK)

Jack in the Box Inc. (NASDAQ:JACK) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 840 put options on the stock. This represents an increase of 1,100% compared to the average daily volume of 70 put options.

NASDAQ:JACK traded up $1.00 during trading hours on Thursday, reaching $78.84. The company had a trading volume of 3,595,890 shares, compared to its average volume of 561,458. Jack in the Box has a 1-year low of $74.19 and a 1-year high of $93.98. The company has a market capitalization of $2.00 billion, a PE ratio of 20.80, a PEG ratio of 1.51 and a beta of 0.51.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. Jack in the Box had a negative return on equity of 20.44% and a net margin of 16.55%. The company had revenue of $215.73 million during the quarter, compared to the consensus estimate of $217.99 million. During the same period in the previous year, the company posted $0.80 earnings per share. Jack in the Box’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Jack in the Box will post 4.25 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, May 28th. Jack in the Box’s payout ratio is presently 42.22%.

In other Jack in the Box news, CFO Lance F. Tucker sold 517 shares of Jack in the Box stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $81.26, for a total value of $42,011.42. Following the transaction, the chief financial officer now owns 19,004 shares in the company, valued at $1,544,265.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,113 shares of company stock valued at $89,004 over the last 90 days. 2.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Retirement Systems of Alabama lifted its holdings in Jack in the Box by 0.6% in the first quarter. Retirement Systems of Alabama now owns 33,596 shares of the restaurant operator’s stock valued at $2,723,000 after acquiring an additional 201 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Jack in the Box by 1.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 16,650 shares of the restaurant operator’s stock worth $1,200,000 after buying an additional 236 shares during the period. Mason Street Advisors LLC raised its stake in shares of Jack in the Box by 1.8% during the 1st quarter. Mason Street Advisors LLC now owns 13,723 shares of the restaurant operator’s stock worth $1,112,000 after buying an additional 239 shares during the period. Amalgamated Bank raised its stake in shares of Jack in the Box by 8.4% during the 4th quarter. Amalgamated Bank now owns 3,941 shares of the restaurant operator’s stock worth $306,000 after buying an additional 304 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Jack in the Box by 11.0% during the 4th quarter. Hsbc Holdings PLC now owns 3,317 shares of the restaurant operator’s stock worth $257,000 after buying an additional 330 shares during the period. 95.52% of the stock is owned by institutional investors.

A number of brokerages recently commented on JACK. BidaskClub lowered Jack in the Box from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Wells Fargo & Co dropped their target price on Jack in the Box from $96.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, February 14th. Cowen reiterated a “hold” rating and issued a $81.00 target price on shares of Jack in the Box in a research report on Tuesday, February 19th. Wedbush reiterated a “hold” rating and issued a $85.00 target price on shares of Jack in the Box in a research report on Tuesday, April 9th. Finally, Gordon Haskett upgraded Jack in the Box from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Jack in the Box has a consensus rating of “Hold” and an average target price of $91.40.

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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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