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

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

John B. Sanfilippo & Son Stock Down 2.6%

Shares of John B. Sanfilippo & Son stock opened at $81.30 on Thursday. 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 has a 52-week low of $59.07 and a 52-week high of $92.08. The company’s 50 day moving average price is $83.56 and its 200-day moving average price is $80.37. The stock has a market capitalization of $950.40 million, a price-to-earnings ratio of 14.26 and a beta of 0.32.

John B. Sanfilippo & Son Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, September 9th. Stockholders 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 (DPR) is currently 16.67%.

Institutional Investors Weigh In On John B. Sanfilippo & Son

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of 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 valued at $26,000 after acquiring an additional 384 shares during the period. Quarry LP bought a new stake in shares of John B. Sanfilippo & Son in the third quarter worth about $32,000. Virtus Advisers LLC bought a new stake in shares of John B. Sanfilippo & Son in the third quarter worth about $42,000. Tower Research Capital LLC TRC increased its holdings in John B. Sanfilippo & Son by 225.6% during the 2nd 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 purchased a new position in John B. Sanfilippo & Son during the 3rd quarter valued at about $70,000. Hedge funds and other institutional investors own 70.64% of the company’s stock.

Analyst Ratings Changes

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

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.