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

Jbs N.V. (NYSE:JBS) was the target of some unusual options trading activity on Thursday. Stock traders acquired 2,594 call options on the stock. This represents an increase of approximately 60% compared to the typical volume of 1,619 call options.

Analyst Ratings Changes

A number of analysts have commented on the company. Weiss Ratings upgraded JBS from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Barclays lowered their price objective on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. UBS Group upped their target price on JBS from $17.00 to $17.50 and gave the company a “buy” rating in a research note on Monday, August 24th. Stephens reduced their target price on JBS from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.42.

Insiders Place Their Bets

In related news, CFO Guilherme Cavalcanti sold 183,501 shares of JBS stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.85, for a total transaction of $2,541,488.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Trading of JBS

A number of large investors have recently bought and sold shares of JBS. Tidal Investments LLC raised its stake in JBS by 1.9% during the second quarter. Tidal Investments LLC now owns 45,199 shares of the company’s stock worth $536,000 after acquiring an additional 840 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of JBS by 5.4% in the 1st 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. Rockefeller Capital Management L.P. grew its holdings in shares of JBS by 50.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock worth $54,000 after purchasing an additional 1,257 shares during the last quarter. Cetera Investment Advisers increased its position in shares of JBS by 3.2% during the 1st quarter. Cetera Investment Advisers now owns 42,083 shares of the company’s stock worth $756,000 after purchasing an additional 1,292 shares in the last quarter. Finally, Parvin Asset Management LLC increased its position in shares of JBS by 5.8% during the 1st quarter. Parvin Asset Management LLC now owns 29,425 shares of the company’s stock worth $528,000 after purchasing an additional 1,625 shares in the last quarter.

JBS Price Performance

NYSE:JBS traded down $0.46 during mid-day trading on Thursday, hitting $10.84. The company’s stock had a trading volume of 2,241,600 shares, compared to its average volume of 5,672,750. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 4.24 and a beta of -1.67. The company has a current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 2.51. JBS has a fifty-two week low of $10.82 and a fifty-two week high of $18.65. The stock has a fifty day moving average of $13.02 and a 200-day moving average of $13.84.

JBS (NYSE:JBS) last released its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). JBS had a net margin of 1.22% and a return on equity of 12.00%. The company had revenue of $23.90 billion for the quarter. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, equities analysts forecast that JBS will post 1.08 EPS for the current fiscal year.

JBS Company Profile

JBS SA is a Brazil-based food company focused on the processing and production of animal protein and prepared foods. Its operations include beef, pork, poultry, and lamb processing, as well as the manufacture of value-added products such as frozen and prepared meals, bacon, sausages, deli meats, and other convenience foods. The company also produces leather and other related byproducts.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has grown from a local cattle-slaughtering business into a multinational food company.