John B. Sanfilippo & Son (NASDAQ:JBSS) Issues Earnings Results, Beats Estimates By $0.27 EPS

John B. Sanfilippo & Son (NASDAQ:JBSS) posted its quarterly earnings results on Wednesday. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.16 by $0.27, FiscalAI reports. John B. Sanfilippo & Son had a net margin of 6.15% and a return on equity of 19.54%. The company had revenue of $281.78 million during the quarter, compared to analysts’ expectations of $260.83 million.

John B. Sanfilippo & Son Stock Performance

JBSS traded down $0.26 on Wednesday, reaching $76.63. The company had a trading volume of 124,389 shares, compared to its average volume of 69,061. The company has a quick ratio of 0.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.08. John B. Sanfilippo & Son has a 1 year low of $58.47 and a 1 year high of $85.15. The stock has a market capitalization of $895.57 million, a PE ratio of 12.79 and a beta of 0.35. The stock has a 50-day moving average price of $79.74 and a 200-day moving average price of $74.18.

John B. Sanfilippo & Son Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, May 21st. Investors 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 payout ratio is 15.03%.

Institutional Trading of John B. Sanfilippo & Son

Several institutional investors and hedge funds have recently made changes to their positions in JBSS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of John B. Sanfilippo & Son by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,336 shares of the company’s stock valued at $378,000 after purchasing an additional 234 shares during the period. Swiss National Bank increased its position in John B. Sanfilippo & Son by 1.7% during the fourth quarter. Swiss National Bank now owns 17,776 shares of the company’s stock worth $1,255,000 after buying an additional 300 shares during the period. EverSource Wealth Advisors LLC lifted its stake in John B. Sanfilippo & Son by 1,238.7% in the second quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock valued at $26,000 after buying an additional 384 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in John B. Sanfilippo & Son by 3.4% in the fourth quarter. Advisors Asset Management Inc. now owns 12,983 shares of the company’s stock valued at $917,000 after buying an additional 429 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of John B. Sanfilippo & Son by 6.3% in the third quarter. California State Teachers Retirement System now owns 8,235 shares of the company’s stock valued at $529,000 after acquiring an additional 486 shares during the period. 70.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.