John B. Sanfilippo & Son (NASDAQ:JBSS) Releases Quarterly Earnings Results, Misses Expectations By $0.46 EPS

John B. Sanfilippo & Son (NASDAQ:JBSS) issued its quarterly earnings results on Wednesday. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.46), FiscalAI reports. John B. Sanfilippo & Son had a net margin of 5.76% and a return on equity of 18.11%. The company had revenue of $280.43 million during the quarter, compared to analyst estimates of $274.87 million.

John B. Sanfilippo & Son Trading Down 2.6%

NASDAQ JBSS traded down $2.17 on Wednesday, reaching $81.30. The company had a trading volume of 136,257 shares, compared to its average volume of 97,559. The stock’s 50 day moving average is $83.50 and its 200-day moving average is $80.33. The stock has a market cap of $950.40 million, a price-to-earnings ratio of 14.26 and a beta of 0.32. The company has a quick ratio of 0.65, a current ratio of 2.30 and a debt-to-equity ratio of 0.10. John B. Sanfilippo & Son has a 52 week low of $59.07 and a 52 week high of $92.08.

John B. Sanfilippo & Son Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be issued a $1.05 dividend. The ex-dividend date is Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio is currently 15.79%.

Analyst Upgrades and Downgrades

JBSS has been the topic of a number of recent research reports. Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Freedom Capital raised John B. Sanfilippo & Son to a “hold” rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen lowered John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $109.00.

Hedge Funds Weigh In On John B. Sanfilippo & Son

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its stake in shares of 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 during the last quarter. Quarry LP bought a new position 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 during the third quarter valued at approximately $42,000. Tower Research Capital LLC TRC grew its holdings in 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 valued at $58,000 after purchasing an additional 634 shares during the period. Finally, iSAM Funds UK Ltd bought a new stake in John B. Sanfilippo & Son in the third quarter valued at approximately $70,000. Institutional investors own 70.64% of the company’s stock.

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.