Jack in the Box Inc. Has Another Very Negative Options Trading Session

 Jack in the Box Inc. Has Another Very Negative Options Trading Session

In today’s session Jack in the Box Inc. (JACK) recorded an unusually high (419) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious JACK decrease. With 419 contracts traded and 2804 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: JACK161021P00100000 closed last at: $6.6 or 5.7% down. About 43,416 shares traded hands. Jack in the Box Inc. (NASDAQ:JACK) has risen 37.04% since March 7, 2016 and is uptrending. It has outperformed by 29.45% the S&P500.

Analysts await Jack in the Box Inc. (NASDAQ:JACK) to report earnings on November, 15. They expect $0.88 EPS, up 41.94% or $0.26 from last year’s $0.62 per share. JACK’s profit will be $29.02 million for 27.22 P/E if the $0.88 EPS becomes a reality. After $1.07 actual EPS reported by Jack in the Box Inc. for the previous quarter, Wall Street now forecasts -17.76% negative EPS growth.

Jack in the Box Inc. (NASDAQ:JACK) Ratings Coverage

Out of 13 analysts covering Jack In The Box Inc. (NASDAQ:JACK), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. $115 is the highest target while $70 is the lowest. The $92.44 average target is -3.54% below today’s ($95.83) stock price. Jack In The Box Inc. has been the topic of 24 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Jack in the Box Inc. (NASDAQ:JACK) has “Outperform” rating given on Thursday, May 26 by Cowen & Co. The stock of Jack in the Box Inc. (NASDAQ:JACK) has “Buy” rating given on Thursday, November 19 by Jefferies. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, May 26. The firm has “Neutral” rating by SunTrust given on Wednesday, January 6. The rating was maintained by BTIG Research on Friday, May 13 with “Buy”. Wedbush maintained it with “Outperform” rating and $115 target price in Friday, August 5 report. The firm has “Buy” rating by Wunderlich given on Wednesday, August 5. The rating was maintained by Barclays Capital on Friday, February 19 with “Equal-Weight”. The stock has “Outperform” rating given by Oppenheimer on Friday, February 12. The firm has “Outperform” rating by Oppenheimer given on Thursday, August 6.

According to Zacks Investment Research, “Jack in the Box is a quick-service hamburger restaurant chain. Jack in the Box restaurants offer a broad selection of distinctive, innovative products targeted at the adult fast-food consumer. The Jack in the Box menu features a variety of hamburgers, specialty sandwiches, salads, Mexican food, finger foods and side items. The core of the Jack in the Box menu is its hamburger products, including its signature hamburgers, the Jumbo Jack, Ultimate Cheeseburger and Sourdough Jack.”

Insitutional Activity: The institutional sentiment decreased to 0.78 in 2016 Q2. Its down 0.04, from 0.82 in 2016Q1. The ratio worsened, as 34 funds sold all Jack in the Box Inc. shares owned while 105 reduced positions. 50 funds bought stakes while 59 increased positions. They now own 31.72 million shares or 0.07% less from 31.74 million shares in 2016Q1.
Nomura Asset Management Com Limited holds 7,500 shares or 0.01% of its portfolio. Tower Research Capital Lc (Trc) has 2,875 shares for 0.02% of their US portfolio. Canada Pension Plan Invest Board holds 0.01% or 37,982 shares in its portfolio. Swiss Bank & Trust last reported 59,200 shares in the company. Numeric Invsts Lc owns 17,500 shares or 0.01% of their US portfolio. Balyasny Asset Mngmt Limited Liability Co holds 0.14% or 253,430 shares in its portfolio. Martingale Asset Mngmt Ltd Partnership has 8,413 shares for 0.01% of their US portfolio. Citigroup Inc reported 1,577 shares or 0% of all its holdings. The Colorado-based Public Employees Retirement Association Of Colorado has invested 0.01% in Jack in the Box Inc. (NASDAQ:JACK). Schroder Mngmt Grp has 612,695 shares for 0.11% of their US portfolio. Hillsdale Inv, a Ontario – Canada-based fund reported 900 shares. Moreover, Advsr Asset Mgmt has 0% invested in Jack in the Box Inc. (NASDAQ:JACK) for 900 shares. Suntrust Banks last reported 12,089 shares in the company. Nationwide Fund Advsr has 76,632 shares for 0.03% of their US portfolio. Pnc Finance Gp accumulated 0% or 3,081 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 9 insider sales for $12.88 million net activity. 962 shares with value of $82,701 were sold by PEPPER RAYMOND on Friday, June 3. Another trade for 42,362 shares valued at $4.19M was sold by REBEL JERRY P. On Monday, August 8 the insider GUILBAULT KEITH M sold $185,934. MELANCON PAUL D also sold $353,344 worth of Jack in the Box Inc. (NASDAQ:JACK) shares. DIRAIMO CAROL A sold $200,000 worth of stock or 2,000 shares. Shares for $150,161 were sold by GOEBEL DAVID. $6.53 million worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by COMMA LEONARD A.

Jack in the Box Inc. is a restaurant company. The company has a market cap of $3.16 billion. The Firm operates and franchises approximately 2,910 Jack in the Box quick-service restaurants and Qdoba Mexican Eats fast-casual restaurants (Qdoba). It has a 28.45 P/E ratio. The Company’s divisions are Jack in the Box and Qdoba Restaurant operations.

JACK Company Profile

Jack in the Box Inc., incorporated on May 27, 1999, is a restaurant company. The Firm operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). The Company’s divisions are Jack in the Box and Qdoba Restaurant operations. The Firm operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, approximately 660 Qdoba restaurants across the United States, and approximately four in Canada.

More recent Jack in the Box Inc. (NASDAQ:JACK) news were published by: Fool.com which released: “Why Jack in the Box Inc. Stock Jumped 13% in August” on September 10, 2016. Also Marketwatch.com published the news titled: “Jack in the Box named fast-food restaurant that could benefit most from legal …” on September 23, 2016. Seekingalpha.com‘s news article titled: “Jack In the Box in the spotlight” with publication date: October 07, 2016 was also an interesting one.

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