John B. Sanfilippo & Son (NASDAQ:JBSS) Releases Earnings Results, Beats Estimates By $0.17 EPS

John B. Sanfilippo & Son (NASDAQ:JBSS) issued its quarterly earnings results on Thursday. The company reported $1.53 earnings per share 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 firm had revenue of $314.78 million for the quarter, compared to the consensus estimate of $313.43 million.

John B. Sanfilippo & Son Stock Up 1.9%

NASDAQ:JBSS traded up $1.42 during mid-day trading on Thursday, hitting $75.56. 106,765 shares of the company’s stock traded hands, compared to its average volume of 46,755. John B. Sanfilippo & Son has a twelve month low of $58.47 and a twelve month high of $86.58. The company has a market capitalization of $879.52 million, a P/E ratio of 13.44 and a beta of 0.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 2.44. The company has a fifty day moving average of $72.67 and a 200 day moving average of $67.29.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JBSS. Weiss Ratings reiterated a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a research report on Monday, December 29th. BWS Financial restated a “buy” rating and issued a $109.00 target price on shares of John B. Sanfilippo & Son in a research note on Monday, November 3rd. 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. Finally, Zacks Research lowered John B. Sanfilippo & Son from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $109.00.

Institutional Trading of John B. Sanfilippo & Son

Several large investors have recently bought and sold shares of JBSS. Ameriprise Financial Inc. raised its holdings in shares of John B. Sanfilippo & Son by 260.9% in the second quarter. Ameriprise Financial Inc. now owns 148,896 shares of the company’s stock worth $9,416,000 after buying an additional 107,637 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in John B. Sanfilippo & Son by 96.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 80,173 shares of the company’s stock worth $5,070,000 after acquiring an additional 39,336 shares during the last quarter. First Trust Advisors LP purchased a new position in John B. Sanfilippo & Son in the 3rd quarter worth $1,875,000. Hotchkis & Wiley Capital Management LLC grew its stake in John B. Sanfilippo & Son by 10.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 151,557 shares of the company’s stock valued at $9,742,000 after purchasing an additional 14,607 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in John B. Sanfilippo & Son by 29.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 53,593 shares of the company’s stock valued at $3,389,000 after purchasing an additional 12,230 shares during the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

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.