John B. Sanfilippo & Son (NASDAQ:JBSS) Sees Unusually-High Trading Volume – Here’s Why

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) saw unusually-strong trading volume on Monday . Approximately 47,175 shares were traded during trading, a decline of 48% from the previous session’s volume of 89,960 shares.The stock last traded at $88.56 and had previously closed at $87.17.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on JBSS shares. Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Wall Street Zen downgraded John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Freedom Capital raised John B. Sanfilippo & Son to a “hold” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $109.00.

John B. Sanfilippo & Son Stock Up 1.4%

The company has a debt-to-equity ratio of 0.10, a current ratio of 2.30 and a quick ratio of 0.65. The firm has a market capitalization of $1.03 billion, a P/E ratio of 15.41 and a beta of 0.32. The company’s 50-day simple moving average is $79.68 and its two-hundred day simple moving average is $78.22.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.27. The firm had revenue of $281.78 million during the quarter, compared to the consensus estimate of $260.82 million. John B. Sanfilippo & Son had a net margin of 5.76% and a return on equity of 18.11%. As a group, research analysts expect that John B. Sanfilippo & Son, Inc. will post 5.85 earnings per share for the current year.

Institutional Trading of John B. Sanfilippo & Son

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Maxi Investments CY Ltd purchased a new position in shares of John B. Sanfilippo & Son during the 4th quarter valued at about $1,134,000. Dean Capital Management increased its holdings in John B. Sanfilippo & Son by 163.3% in the 3rd quarter. Dean Capital Management now owns 35,657 shares of the company’s stock worth $2,292,000 after acquiring an additional 22,117 shares in the last quarter. Invenomic Capital Management LP bought a new stake in John B. Sanfilippo & Son during the 3rd quarter worth approximately $1,903,000. Gamco Investors INC. ET AL raised its stake in John B. Sanfilippo & Son by 19.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company’s stock worth $14,425,000 after acquiring an additional 32,800 shares during the period. Finally, Horizon Investments LLC purchased a new position in John B. Sanfilippo & Son during the fourth quarter valued at approximately $586,000. Hedge funds and other institutional investors own 70.64% of the company’s stock.

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.