Investors Buy High Volume of Jack In The Box Put Options (JACK)

Jack In The Box Inc. (NASDAQ:JACK) was the target of unusually large options trading on Thursday. Stock traders bought 4,788 put options on the stock. This represents an increase of Infinity compared to the average daily volume of 0 put options.

Shares of Jack In The Box (JACK) opened at $99.70 on Tuesday. Jack In The Box has a 52 week low of $90.89 and a 52 week high of $113.30. The company has a quick ratio of 0.63, a current ratio of 0.66 and a debt-to-equity ratio of -2.56. The firm has a market capitalization of $2,942.15, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 1.52 and a beta of 0.52.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Jack In The Box from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Stifel Nicolaus started coverage on Jack In The Box in a report on Monday, October 2nd. They issued a “hold” rating and a $105.00 target price for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Jack In The Box in a report on Thursday, October 12th. Wedbush reiterated a “buy” rating and issued a $115.00 target price on shares of Jack In The Box in a report on Friday, October 13th. Finally, Telsey Advisory Group upgraded Jack In The Box from a “market perform” rating to an “outperform” rating and set a $118.00 target price for the company in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $113.38.

In other news, insider Frances L. Allen sold 530 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $102.71, for a total transaction of $54,436.30. Following the completion of the transaction, the insider now directly owns 10,979 shares in the company, valued at $1,127,653.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Jack In The Box by 9.0% in the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 105 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Jack In The Box by 61.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 601 shares in the last quarter. Victory Capital Management Inc. raised its stake in Jack In The Box by 17.8% in the second quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock valued at $185,000 after buying an additional 283 shares in the last quarter. FNY Managed Accounts LLC raised its stake in Jack In The Box by 90.6% in the second quarter. FNY Managed Accounts LLC now owns 2,030 shares of the restaurant operator’s stock valued at $199,000 after buying an additional 965 shares in the last quarter. Finally, Diligent Investors LLC acquired a new stake in Jack In The Box in the third quarter valued at $206,000. Institutional investors own 96.90% of the company’s stock.

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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 (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

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