John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) have earned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $100.00.

Several equities analysts have commented on the stock. Wall Street Zen cut shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Freedom Broker raised shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and reduced their price target for the stock from $95.00 to $91.00 in a research note on Thursday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of John B. Sanfilippo & Son in a report on Tuesday, September 8th. Freedom Capital upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Finally, BWS Financial reissued a “buy” rating and set a $109.00 target price on shares of John B. Sanfilippo & Son in a report on Friday, August 21st.

Institutional Trading of John B. Sanfilippo & Son

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of John B. Sanfilippo & Son by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 312,802 shares of the company’s stock valued at $24,815,000 after buying an additional 12,056 shares during the period. Royce & Associates LP grew its holdings in John B. Sanfilippo & Son by 2.5% during the fourth quarter. Royce & Associates LP now owns 249,068 shares of the company’s stock worth $17,584,000 after acquiring an additional 6,170 shares during the period. Bank of New York Mellon Corp acquired a new position in John B. Sanfilippo & Son during the second quarter worth about $9,083,000. Invenomic Capital Management LP raised its position in John B. Sanfilippo & Son by 161.6% in the fourth quarter. Invenomic Capital Management LP now owns 77,474 shares of the company’s stock worth $5,470,000 after acquiring an additional 47,864 shares in the last quarter. Finally, Heartland Advisors Inc. raised its position in John B. Sanfilippo & Son by 18.6% in the first quarter. Heartland Advisors Inc. now owns 70,000 shares of the company’s stock worth $5,553,000 after acquiring an additional 11,000 shares in the last quarter. Institutional investors own 70.64% of the company’s stock.

John B. Sanfilippo & Son Trading Down 0.2%

Shares of JBSS stock opened at $67.31 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 2.08. John B. Sanfilippo & Son has a 1 year low of $59.07 and a 1 year high of $92.08. The stock has a fifty day moving average of $78.40 and a two-hundred day moving average of $79.08. The firm has a market capitalization of $786.85 million, a PE ratio of 12.80 and a beta of 0.32.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its quarterly earnings results on Wednesday, August 19th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.46). John B. Sanfilippo & Son had a return on equity of 16.51% and a net margin of 5.27%.The business had revenue of $280.43 million during the quarter, compared to the consensus estimate of $274.87 million. As a group, research analysts expect that John B. Sanfilippo & Son will post 6.42 EPS for the current year.

John B. Sanfilippo & Son Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is presently 18.06%.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a food manufacturer and marketer specializing in tree nuts, peanuts, snack mixes and related snack products. The company processes, packages and distributes products for retail, foodservice and industrial customers, including branded, private-label and contract-manufactured offerings.

Its brand portfolio includes Fisher, a consumer brand known for cooking and baking nuts, snacking nuts and nut toppings, as well as Orchard Valley Harvest and Sunshine Country.