John B. Sanfilippo & Son (NASDAQ:JBSS) Sets New 12-Month High on Better-Than-Expected Earnings

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) reached a new 52-week high on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $77.83 and last traded at $78.6550, with a volume of 5485 shares changing hands. The stock had previously closed at $75.56.

The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. 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 the consensus estimate of $313.43 million.

Analyst Upgrades and Downgrades

Several analysts have recently commented on JBSS shares. Wall Street Zen upgraded John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 9th. Zacks Research lowered John B. Sanfilippo & Son from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. BWS Financial reaffirmed a “buy” rating and issued a $109.00 price objective on shares of John B. Sanfilippo & Son in a research report on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, John B. Sanfilippo & Son currently has a consensus rating of “Hold” and a consensus target price of $109.00.

Hedge Funds Weigh In On John B. Sanfilippo & Son

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in John B. Sanfilippo & Son by 260.9% in 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 in the last quarter. Thrivent Financial for Lutherans lifted its holdings in John B. Sanfilippo & Son by 5.6% during the third quarter. Thrivent Financial for Lutherans now owns 969,555 shares of the company’s stock valued at $62,323,000 after purchasing an additional 51,658 shares during the last quarter. Heartland Advisors Inc. lifted its position in shares of John B. Sanfilippo & Son by 450.0% during the third quarter. Heartland Advisors Inc. now owns 55,000 shares of the company’s stock worth $3,535,000 after acquiring an additional 45,000 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of John B. Sanfilippo & Son by 96.3% in the second quarter. Qube Research & Technologies Ltd now owns 80,173 shares of the company’s stock worth $5,070,000 after buying an additional 39,336 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in John B. Sanfilippo & Son by 28.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 168,525 shares of the company’s stock worth $10,658,000 after acquiring an additional 37,720 shares during the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.

John B. Sanfilippo & Son Price Performance

The company has a market capitalization of $937.57 million, a PE ratio of 14.32 and a beta of 0.36. The firm’s 50-day moving average is $72.80 and its 200-day moving average is $67.35. The company has a quick ratio of 0.72, a current ratio of 2.44 and a debt-to-equity ratio of 0.08.

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.