John B. Sanfilippo & Son (NASDAQ:JBSS) Releases Quarterly Earnings Results, Misses Estimates By $0.42 EPS

John B. Sanfilippo & Son (NASDAQ:JBSS) posted its quarterly earnings results on Wednesday. The company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.42), FiscalAI reports. The company had revenue of $288.14 million for the quarter, compared to analysts’ expectations of $306.92 million. John B. Sanfilippo & Son had a return on equity of 16.51% and a net margin of 5.27%.

John B. Sanfilippo & Son Trading Down 1.1%

Shares of JBSS traded down $0.77 during midday trading on Wednesday, hitting $66.34. 97,965 shares of the stock were exchanged, compared to its average volume of 106,981. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 2.08. The firm has a market cap of $775.51 million, a P/E ratio of 12.61 and a beta of 0.32. John B. Sanfilippo & Son has a 52-week low of $59.07 and a 52-week high of $92.08. The stock has a fifty day simple moving average of $69.84 and a 200 day simple moving average of $77.18.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on JBSS shares. Freedom Broker raised shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and dropped their price target for the company from $95.00 to $91.00 in a research note on Thursday, August 20th. Zacks Research lowered shares of John B. Sanfilippo & Son from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. BWS Financial reiterated a “buy” rating and issued a $109.00 price objective on shares of John B. Sanfilippo & Son in a research report on Wednesday, September 30th. Weiss Ratings reissued a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research note on Tuesday, September 8th. Finally, Wall Street Zen downgraded John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $100.00.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a food company that processes, packages and distributes nuts and related snack products. Its product portfolio includes peanuts, tree nuts, seeds, snack mixes, nut butters and other snack foods sold through grocery, mass merchandise, club, convenience and foodservice channels.

The company markets products under brands including Fisher, Orchard Valley Harvest and Sunshine Country, while also producing private-label products for retailers and other customers.