John B. Sanfilippo & Son (NASDAQ:JBSS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $76.58 and traded as high as $78.19. John B. Sanfilippo & Son shares last traded at $77.95, with a volume of 78,684 shares changing hands.

Analyst Ratings Changes

JBSS has been the subject of several research reports. Wall Street Zen downgraded John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Stock Up 2.4%

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 company has a market cap of $928.54 million, a P/E ratio of 13.94 and a beta of 0.34. The stock has a 50-day moving average of $78.32 and a 200 day moving average of $76.65.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $281.78 million for the quarter, compared to analysts’ expectations of $260.83 million. Research analysts anticipate that John B. Sanfilippo & Son, Inc. will post 5.85 earnings per share for the current year.

John B. Sanfilippo & Son Dividend Announcement

The firm also recently announced a special dividend, which was paid on Thursday, May 21st. Shareholders 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 payout ratio is currently 15.79%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP grew its position in John B. Sanfilippo & Son by 2.7% in the third quarter. Quantbot Technologies LP now owns 7,059 shares of the company’s stock valued at $454,000 after acquiring an additional 184 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in John B. Sanfilippo & Son by 4.7% in the first quarter. Illinois Municipal Retirement Fund now owns 4,907 shares of the company’s stock valued at $389,000 after acquiring an additional 220 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 last quarter. Sound Income Strategies LLC grew its position 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 last quarter. Finally, First Trust Advisors LP grew its position in John B. Sanfilippo & Son by 0.9% in the first quarter. First Trust Advisors LP now owns 29,520 shares of the company’s stock valued at $2,342,000 after acquiring an additional 272 shares during the last quarter. 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.