Traders Purchase Large Volume of JBS Call Options (NYSE:JBS)

Jbs N.V. (NYSE:JBS) saw some unusual options trading on Tuesday. Stock investors bought 30,661 call options on the stock. This represents an increase of 993% compared to the typical volume of 2,806 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new stake in JBS in the 2nd quarter valued at about $29,000. Quarry LP purchased a new position in shares of JBS in the 3rd quarter worth approximately $34,000. Jones Financial Companies Lllp grew its holdings in shares of JBS by 489.1% in the third quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $39,000 after acquiring an additional 2,206 shares in the last quarter. MAI Capital Management purchased a new stake in shares of JBS during the second quarter valued at approximately $44,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of JBS during the third quarter valued at approximately $44,000.

Analysts Set New Price Targets

A number of research firms recently weighed in on JBS. The Goldman Sachs Group set a $18.50 price target on JBS in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lowered their target price on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Santander raised shares of JBS from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 11th. Weiss Ratings restated a “hold (c)” rating on shares of JBS in a research note on Monday, December 29th. Finally, Zacks Research raised shares of JBS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $19.38.

JBS Price Performance

Shares of NYSE:JBS opened at $15.99 on Wednesday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.54. The stock’s fifty day simple moving average is $14.65 and its two-hundred day simple moving average is $14.36. JBS has a 1-year low of $12.37 and a 1-year high of $17.80.

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.