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

John B. Sanfilippo & Son (NASDAQ:JBSS) issued its earnings results on Thursday. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17, FiscalAI reports. The company had revenue of $314.78 million for the quarter, compared to analysts’ expectations of $313.43 million. John B. Sanfilippo & Son had a net margin of 6.15% and a return on equity of 19.73%.

John B. Sanfilippo & Son Price Performance

JBSS stock opened at $80.90 on Friday. The firm has a market cap of $941.68 million, a price-to-earnings ratio of 13.51 and a beta of 0.36. The company has a quick ratio of 0.72, a current ratio of 2.44 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $73.02 and its 200 day simple moving average is $67.44. John B. Sanfilippo & Son has a 12-month low of $58.47 and a 12-month high of $81.49.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On John B. Sanfilippo & Son

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in John B. Sanfilippo & Son by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,336 shares of the company’s stock valued at $378,000 after acquiring an additional 234 shares during the period. EverSource Wealth Advisors LLC boosted its position in John B. Sanfilippo & Son by 1,238.7% in 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. California State Teachers Retirement System raised its stake in shares of John B. Sanfilippo & Son by 6.3% during the 3rd quarter. California State Teachers Retirement System now owns 8,235 shares of the company’s stock worth $529,000 after purchasing an additional 486 shares during the period. Quarry LP bought a new stake in John B. Sanfilippo & Son in the third quarter worth about $32,000. Finally, Tower Research Capital LLC TRC lifted its stake in John B. Sanfilippo & Son by 225.6% in 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 last quarter. 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.