John B. Sanfilippo & Son (NASDAQ:JBSS) Reaches New 1-Year Low – Here’s Why

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)’s share price reached a new 52-week low during trading on Friday. The stock traded as low as $55.46 and last traded at $55.0540, with a volume of 114,091 shares traded. The stock had previously closed at $56.47.

Analyst Upgrades and Downgrades

JBSS has been the topic of a number of analyst reports. 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. Wall Street Zen cut shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Freedom Capital raised shares of John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Freedom Broker raised shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and lowered their price target for the stock from $95.00 to $91.00 in a report on Thursday, August 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $100.00.

John B. Sanfilippo & Son Stock Down 4.6%

The company has a market cap of $630.09 million, a price-to-earnings ratio of 11.28 and a beta of 0.32. The company has a current ratio of 1.96, a quick ratio of 0.62 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $68.56 and a two-hundred day moving average of $77.00.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.42). The business had revenue of $288.14 million during the quarter, compared to analyst estimates of $306.92 million. John B. Sanfilippo & Son had a net margin of 4.84% and a return on equity of 14.95%. As a group, equities analysts anticipate that John B. Sanfilippo & Son, Inc. will post 5.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JBSS. Signaturefd LLC raised its position in shares of John B. Sanfilippo & Son by 35.3% during the 3rd quarter. Signaturefd LLC now owns 908 shares of the company’s stock worth $60,000 after purchasing an additional 237 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in John B. Sanfilippo & Son by 42.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,366 shares of the company’s stock valued at $290,000 after buying an additional 1,307 shares in the last quarter. Viking Fund Management LLC purchased a new position in John B. Sanfilippo & Son in the 3rd quarter valued at about $532,000. Engineers Gate Manager LP acquired a new stake in John B. Sanfilippo & Son in the 2nd quarter worth about $254,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in John B. Sanfilippo & Son in the 2nd quarter worth about $52,000. 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 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.