Weber targets unusually large options trades (NYSE:WEBR)

Weber Inc. (NYSE:WEBR – Get Rating) was the target of unusual options trades on Monday. Stock traders acquired 5,867 call options on the company. This represents an increase of approximately 101% from the typical volume of 2,922 call options.

Wall Street analysts predict growth

Several research companies have recently weighed in on WEBR. Wells Fargo & Company downgraded Weber from an “equal weight” rating to an “underweight” rating and lowered its price target for the stock from $7.00 to $4.00 in a report research on Tuesday, July 26. Bank of America downgraded Weber from a “neutral” rating to an “underperforming” rating and lowered its target price for the company from $9.00 to $5.00 in a Wednesday, Aug. 3 research report. UBS Group downgraded Weber to a “sell” rating in a Tuesday, Aug. 9 research note. Citigroup cut its price target on Weber shares from $8.00 to $7.00 in a Thursday, July 28 report. Finally, JPMorgan Chase & Co. lowered its price target on Weber shares from $8.50 to $6.50 in a Tuesday, May 17 report. Three analysts have rated the stock with a sell rating and four have issued a hold rating for the company’s stock. Based on data from MarketBeat.com, Weber currently has an average rating of “Hold” and an average target price of $6.64.

Insider activity at Weber

Separately, insider Hans-Jurgen Herr sold 50,000 shares of the company in a trade that took place on Tuesday, May 31. The stock was sold at an average price of $7.73, for a total value of $386,500.00. Following the transaction, the insider now directly owns 376,540 shares of the company, valued at approximately $2,910,654.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. 0.36% of the shares are currently held by company insiders.

Weber Institutional Trading

A number of institutional investors and hedge funds have recently changed their holdings to WEBR. Commonwealth Equity Services LLC raised its position in Weber shares by 9.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,487 shares of the company worth $251,000 after acquiring 1,637 additional shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Weber in Q4 for $165,000. Advisor Group Holdings Inc. increased its position in Weber by 105.6% in Q4. Advisor Group Holdings Inc. now owns 13,341 shares of the company valued at $172,000 after purchasing an additional 6,852 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Weber shares by 75.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 24,039 shares of the company worth $311,000 after purchasing an additional 10,304 shares during the period. Finally, SG Americas Securities LLC increased its stake in Weber by 783.8% during the 4th quarter. SG Americas Securities LLC now owns 78,421 shares of the company valued at $1,014,000 after purchasing an additional 69,548 shares last quarter. 13.54% of the shares are currently held by institutional investors.

Weber stock up 7.8%

Shares of WEBR rose $0.54 during Monday’s trading, hitting $7.46. 88,719 shares of the company were traded, against an average volume of 611,716. The stock has a market capitalization of $2.14 billion and a PE ratio of 0.24. The stock has a 50-day simple moving average of $7.54 and a 200-day simple moving average of $8.92. Weber has a 12-month low of $5.72 and a 12-month high of $18.43.

Weber (NYSE:WEBR – Get Rating) last released quarterly earnings data on Monday, May 16. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of $0.17 per ($0.81). The company posted revenue of $607.30 million in the quarter, compared to $659.06 million expected by analysts. Weber had a negative return on equity of 27.28% and a negative net margin of 3.38%. The company’s revenue was down 7.2% year over year. On average, equity research analysts expect Weber to post -1.74 EPS for the current year.

About Weber

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Weber Inc, an outdoor cooking company, manufactures and distributes outdoor cooking products, accessories, consumables and services in North America, Europe, Australia and internationally. Its products include charcoal and gas grills, smokers, pellet and electric grills, and Weber Connect Smart Grilling Hub; and accessories, consumables and services.

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