Stock Traders Buy High Volume of JBS Call Options (NYSE:JBS)

Jbs N.V. (NYSE:JBS) was the target of unusually large options trading activity on Monday. Stock investors purchased 6,899 call options on the company. This represents an increase of 259% compared to the average volume of 1,923 call options.

JBS Price Performance

Shares of NYSE:JBS traded up $1.30 on Monday, reaching $13.59. 12,189,914 shares of the company were exchanged, compared to its average volume of 5,725,858. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42. JBS has a 1-year low of $11.49 and a 1-year high of $18.65. The firm has a market cap of $10.54 billion and a price-to-earnings ratio of 8.54. The company has a 50-day moving average of $12.25 and a 200-day moving average of $14.69.

JBS (NYSE:JBS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a net margin of 1.98% and a return on equity of 19.28%. The company had revenue of $21.61 billion during the quarter. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts forecast that JBS will post 1.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Steadtrust LLC grew its holdings in shares of JBS by 0.5% in the 4th quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock worth $2,504,000 after acquiring an additional 800 shares during the period. PNC Financial Services Group Inc. raised its holdings in JBS by 5.4% during the first quarter. PNC Financial Services Group Inc. now owns 17,021 shares of the company’s stock worth $306,000 after purchasing an additional 867 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in JBS by 7.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock worth $188,000 after purchasing an additional 908 shares during the last quarter. Dodge & Cox raised its holdings in JBS by 6.3% during the fourth quarter. Dodge & Cox now owns 16,950 shares of the company’s stock worth $244,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in JBS by 41.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock worth $60,000 after purchasing an additional 1,223 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on JBS shares. Wall Street Zen cut shares of JBS from a “hold” rating to a “sell” rating in a report on Saturday. JPMorgan Chase & Co. lowered their price objective on JBS from $18.50 to $18.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. UBS Group set a $17.00 target price on JBS in a research report on Tuesday, May 19th. Weiss Ratings downgraded JBS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Finally, Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, JBS currently has an average rating of “Buy” and an average price target of $18.75.

JBS Company Profile

JBS SA is a global leader in the production and processing of meat products, with a focus on beef, pork and poultry. Headquartered in São Paulo, Brazil, the company operates through an extensive network of owned facilities and partnerships that span the Americas, Europe and the Asia-Pacific region. JBS supplies fresh, frozen and value-added protein solutions for retail, foodservice and industrial customers, and is active across the entire supply chain—from livestock procurement and feed production to slaughtering, processing, packaging and distribution.

Founded in 1953 by José Batista Sobrinho in Anápolis, Goiás, JBS began as a small slaughterhouse and expanded rapidly through strategic acquisitions and organic growth.