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

John B. Sanfilippo & Son (NASDAQ:JBSS) issued its quarterly earnings data on Thursday. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.17, FiscalAI reports. John B. Sanfilippo & Son had a return on equity of 18.92% and a net margin of 5.84%.The business had revenue of $314.78 million for the quarter, compared to analysts’ expectations of $313.43 million.

John B. Sanfilippo & Son Trading Up 6.4%

Shares of NASDAQ:JBSS traded up $4.87 during trading on Friday, reaching $80.43. 10,232 shares of the company were exchanged, compared to its average volume of 44,486. The business’s fifty day simple moving average is $72.80 and its 200-day simple moving average is $67.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.44 and a quick ratio of 0.72. John B. Sanfilippo & Son has a 12-month low of $58.47 and a 12-month high of $79.00. The firm has a market capitalization of $936.53 million, a PE ratio of 14.24 and a beta of 0.36.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of John B. Sanfilippo & Son by 1,238.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock worth $26,000 after buying an additional 384 shares in the last quarter. Quarry LP bought a new position in John B. Sanfilippo & Son during the 3rd quarter worth about $32,000. Virtus Advisers LLC purchased a new position in John B. Sanfilippo & Son during the 3rd quarter valued at about $42,000. Tower Research Capital LLC TRC lifted its position in shares of John B. Sanfilippo & Son by 225.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 915 shares of the company’s stock worth $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 third quarter valued at approximately $70,000. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JBSS has been the topic of several analyst reports. Wall Street Zen raised John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 9th. BWS Financial reiterated a “buy” rating and set a $109.00 price target on shares of John B. Sanfilippo & Son in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a research note on Monday, December 29th. 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 equities research 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 company currently has a consensus rating of “Hold” and a consensus price target of $109.00.

John B. Sanfilippo & Son Company Profile

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.