John B. Sanfilippo & Son (NASDAQ:JBSS) Announces Earnings Results

John B. Sanfilippo & Son (NASDAQ:JBSS) announced its earnings results on Thursday. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17, FiscalAI reports. John B. Sanfilippo & Son had a net margin of 5.84% and a return on equity of 18.92%. The firm had revenue of $314.78 million for the quarter, compared to analyst estimates of $313.43 million.

John B. Sanfilippo & Son Price Performance

Shares of JBSS traded up $1.42 during trading hours on Thursday, reaching $75.56. The stock had a trading volume of 106,767 shares, compared to its average volume of 46,756. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 2.44. John B. Sanfilippo & Son has a 12 month low of $58.47 and a 12 month high of $86.58. The stock has a market capitalization of $879.52 million, a PE ratio of 13.44 and a beta of 0.36. The company’s 50-day moving average is $72.67 and its two-hundred day moving average is $67.29.

Hedge Funds Weigh In On John B. Sanfilippo & Son

Several large investors have recently bought and sold shares of JBSS. EverSource Wealth Advisors LLC grew its holdings in shares of John B. Sanfilippo & Son by 1,238.7% during the second quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock worth $26,000 after purchasing an additional 384 shares during the last quarter. Quarry LP bought a new stake in John B. Sanfilippo & Son during the 3rd quarter worth approximately $32,000. Virtus Advisers LLC acquired a new position in John B. Sanfilippo & Son in the 3rd quarter valued at approximately $42,000. Tower Research Capital LLC TRC lifted its holdings in shares of John B. Sanfilippo & Son by 225.6% during the second quarter. Tower Research Capital LLC TRC now owns 915 shares of the company’s stock worth $58,000 after purchasing an additional 634 shares during the period. Finally, iSAM Funds UK Ltd bought a new stake in shares of John B. Sanfilippo & Son in the third quarter worth $70,000. 70.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on JBSS shares. Zacks Research downgraded John B. Sanfilippo & Son from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a report on Monday, December 29th. Wall Street Zen upgraded John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 9th. Finally, BWS Financial reaffirmed a “buy” rating and set a $109.00 price objective on shares of John B. Sanfilippo & Son in a research report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, John B. Sanfilippo & Son presently has a consensus rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc is a family?held processor and marketer of tree nuts and snack nut products. Headquartered in Elgin, Illinois, the company operates manufacturing facilities, processing plants and sales offices across the United States and abroad. It supplies a broad range of channels, including retail, foodservice, industrial and private?label customers.

The company’s product portfolio spans in?shell and shelled pecans, walnuts, almonds, cashews, pistachios and peanuts, as well as mixed?nut blends, chocolate?covered treats, granolas and specialty snack items.