John B. Sanfilippo & Son (NASDAQ:JBSS) Reaches New 52-Week High – Here’s What Happened

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) hit a new 52-week high during trading on Thursday . The company traded as high as $88.93 and last traded at $88.2740, with a volume of 1238 shares traded. The stock had previously closed at $88.20.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Freedom Capital upgraded shares of John B. Sanfilippo & Son to a “hold” rating in a research report on Tuesday. Weiss Ratings upgraded shares of John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Wall Street Zen downgraded shares of John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, John B. Sanfilippo & Son has an average rating of “Hold” and a consensus price target of $109.00.

John B. Sanfilippo & Son Stock Performance

The firm has a market cap of $1.03 billion, a P/E ratio of 15.53 and a beta of 0.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.65 and a current ratio of 2.30. The stock’s 50-day moving average is $78.44 and its 200 day moving average is $77.59.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.27. The firm had revenue of $281.78 million for the quarter, compared to analyst estimates of $260.82 million. John B. Sanfilippo & Son had a return on equity of 18.11% and a net margin of 5.76%. On average, research analysts predict that John B. Sanfilippo & Son, Inc. will post 5.85 earnings per share for the current year.

Institutional Trading of John B. Sanfilippo & Son

Several hedge funds have recently bought and sold shares of JBSS. Sound Income Strategies LLC increased its position in shares of John B. Sanfilippo & Son by 150.9% during the first quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock worth $33,000 after acquiring an additional 243 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in John B. Sanfilippo & Son by 1,238.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock valued at $26,000 after acquiring an additional 384 shares in the last quarter. Quarry LP acquired a new position in John B. Sanfilippo & Son in the 3rd quarter worth $32,000. Leonteq Securities AG acquired a new position in John B. Sanfilippo & Son in the 4th quarter worth $40,000. Finally, Virtus Advisers LLC bought a new position in John B. Sanfilippo & Son during the 3rd quarter worth about $42,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.

About John B. Sanfilippo & Son

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.