John B. Sanfilippo & Son (NASDAQ:JBSS) Hits New 12-Month High – Time to Buy?

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $85.15 and last traded at $84.98, with a volume of 4376 shares changing hands. The stock had previously closed at $84.28.

Analyst Ratings Changes

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

John B. Sanfilippo & Son Trading Up 0.9%

The company has a market cap of $994.19 million, a P/E ratio of 14.88 and a beta of 0.34. The business has a fifty day simple moving average of $77.86 and a 200 day simple moving average of $77.10. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.65 and a current ratio of 2.30.

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

John B. Sanfilippo & Son Announces Dividend

The firm also recently declared a special dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, April 27th were given a $1.50 dividend. The ex-dividend date was Monday, April 27th. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is presently 15.79%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in 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 acquiring an additional 384 shares during the period. Quarry LP bought a new position in John B. Sanfilippo & Son in the third quarter worth about $32,000. Sound Income Strategies LLC boosted its stake in John B. Sanfilippo & Son by 150.9% in the first quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock valued at $33,000 after acquiring an additional 243 shares during the period. Leonteq Securities AG acquired a new position in John B. Sanfilippo & Son in the fourth quarter valued at approximately $40,000. Finally, Virtus Advisers LLC acquired a new position in John B. Sanfilippo & Son in the third quarter valued at approximately $42,000. 70.64% of the stock is 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.