John B. Sanfilippo & Son (NASDAQ:JBSS) Issues Quarterly Earnings Results, Misses Estimates By $0.46 EPS

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

John B. Sanfilippo & Son Trading Down 2.6%

Shares of NASDAQ:JBSS traded down $2.17 during trading on Wednesday, reaching $81.30. 136,278 shares of the stock were exchanged, compared to its average volume of 97,559. The firm’s 50-day moving average price is $83.50 and its 200 day moving average price is $80.33. The firm has a market cap of $950.40 million, a price-to-earnings ratio of 14.26 and a beta of 0.32. John B. Sanfilippo & Son has a 12-month low of $59.07 and a 12-month high of $92.08. 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 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 dividend of $1.05 per share. The ex-dividend date is Monday, August 17th. John B. Sanfilippo & Son’s payout ratio is presently 15.79%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its stake in shares of John B. Sanfilippo & Son by 260.9% during the second quarter. Ameriprise Financial Inc. now owns 148,896 shares of the company’s stock worth $9,416,000 after purchasing an additional 107,637 shares in the last quarter. Deutsche Bank AG grew its stake in shares of John B. Sanfilippo & Son by 22.8% in the fourth quarter. Deutsche Bank AG now owns 256,526 shares of the company’s stock valued at $18,111,000 after buying an additional 47,559 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of John B. Sanfilippo & Son by 77.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 100,329 shares of the company’s stock valued at $7,083,000 after buying an additional 43,902 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of John B. Sanfilippo & Son by 96.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 80,173 shares of the company’s stock valued at $5,070,000 after buying an additional 39,336 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of John B. Sanfilippo & Son during the 3rd quarter valued at about $1,875,000. 70.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBSS has been the subject of a number of analyst reports. Freedom Capital raised shares of John B. Sanfilippo & Son to a “hold” rating in a research report on Tuesday, June 30th. Wall Street Zen lowered shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings raised 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 three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, John B. Sanfilippo & Son presently 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.