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

John B. Sanfilippo & Son (NASDAQ:JBSS) released its 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. John B. Sanfilippo & Son had a net margin of 5.27% and a return on equity of 16.51%. The firm had revenue of $288.14 million during the quarter, compared to the consensus estimate of $306.92 million.

John B. Sanfilippo & Son Stock Down 1.1%

Shares of John B. Sanfilippo & Son stock traded down $0.77 during trading hours on Wednesday, reaching $66.34. 97,965 shares of the company’s stock were exchanged, compared to its average volume of 106,981. The stock has a market cap of $775.51 million, a P/E ratio of 12.61 and a beta of 0.32. The company has a 50 day moving average of $69.84 and a two-hundred day moving average of $77.18. The company has a current ratio of 2.08, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11. John B. Sanfilippo & Son has a fifty-two week low of $59.07 and a fifty-two week high of $92.08.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JBSS. Zacks Research cut shares of John B. Sanfilippo & Son from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 1st. Freedom Capital upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. BWS Financial reissued 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 report on Tuesday, September 8th. Finally, Wall Street Zen cut shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

John B. Sanfilippo & Son Company Profile

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.