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

by · The Cerbat Gem

John B. Sanfilippo & Son (NASDAQ:JBSSGet Free Report) issued its earnings results on Wednesday. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.27, FiscalAI reports. John B. Sanfilippo & Son had a return on equity of 19.54% and a net margin of 6.15%.The company had revenue of $281.78 million for the quarter, compared to analyst estimates of $260.83 million.

John B. Sanfilippo & Son Stock Down 0.3%

JBSS stock traded down $0.26 during mid-day trading on Wednesday, hitting $76.63. The stock had a trading volume of 135,711 shares, compared to its average volume of 69,516. The company has a current ratio of 2.27, a quick ratio of 0.69 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $895.57 million, a price-to-earnings ratio of 12.79 and a beta of 0.35. The company has a fifty day moving average of $79.66 and a 200 day moving average of $74.20. John B. Sanfilippo & Son has a 1-year low of $58.47 and a 1-year high of $85.15.

John B. Sanfilippo & Son Announces Dividend

The company also recently announced a special dividend, which will be paid on Thursday, May 21st. Shareholders of record on Monday, April 27th will be given a $1.50 dividend. The ex-dividend date of this dividend is Monday, April 27th. John B. Sanfilippo & Son’s dividend payout ratio is presently 15.03%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JBSS. Ameriprise Financial Inc. increased its holdings in shares of John B. Sanfilippo & Son by 260.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 148,896 shares of the company’s stock valued at $9,416,000 after acquiring an additional 107,637 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of John B. Sanfilippo & Son by 22.8% during the 4th quarter. Deutsche Bank AG now owns 256,526 shares of the company’s stock valued at $18,111,000 after acquiring an additional 47,559 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of John B. Sanfilippo & Son by 77.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 100,329 shares of the company’s stock valued at $7,083,000 after acquiring an additional 43,902 shares during the last quarter. Qube Research & Technologies Ltd increased 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 acquiring an additional 39,336 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of John B. Sanfilippo & Son during the 3rd quarter valued at about $1,875,000. Institutional investors and hedge funds own 70.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on JBSS. Wall Street Zen raised John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. BWS Financial reaffirmed a “buy” rating and issued a $109.00 target price on shares of John B. Sanfilippo & Son in a research report on Monday, February 2nd. Finally, Zacks Research lowered John B. Sanfilippo & Son from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $109.00.

Get Our Latest Stock Analysis on John B. Sanfilippo & Son

John B. Sanfilippo & Son Company Profile

(Get Free Report)

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.

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