John B. Sanfilippo & Son (NASDAQ:JBSS) Stock Price Down 5.6% – Here’s Why

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)’s stock price fell 5.6% during trading on Friday . The stock traded as low as $81.19 and last traded at $80.8810. Approximately 34,418 shares traded hands during trading, a decline of 62% from the average session volume of 90,624 shares. The stock had previously closed at $85.68.

Wall Street Analyst Weigh In

JBSS has been the subject of a number of research reports. Wall Street Zen lowered John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings raised John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Finally, Freedom Capital upgraded John B. Sanfilippo & Son to a “hold” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $109.00.

John B. Sanfilippo & Son Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.65 and a current ratio of 2.30. The company’s 50 day moving average price is $80.09 and its 200-day moving average price is $78.59. The company has a market cap of $950.57 million, a price-to-earnings ratio of 14.30 and a beta of 0.32.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its earnings results on Wednesday, April 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.16 by $0.27. The business had revenue of $281.78 million during the quarter, compared to analyst estimates of $260.82 million. John B. Sanfilippo & Son had a net margin of 5.76% and a return on equity of 18.11%. On average, equities research analysts forecast that John B. Sanfilippo & Son, Inc. will post 5.85 earnings per share for the current fiscal year.

John B. Sanfilippo & Son Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio is 15.79%.

Hedge Funds Weigh In On John B. Sanfilippo & Son

Hedge funds have recently modified their holdings of the stock. Illinois Municipal Retirement Fund lifted its holdings in shares of John B. Sanfilippo & Son by 4.7% during the first quarter. Illinois Municipal Retirement Fund now owns 4,907 shares of the company’s stock valued at $389,000 after purchasing an additional 220 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in John B. Sanfilippo & Son by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,336 shares of the company’s stock valued at $378,000 after buying an additional 234 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of John B. Sanfilippo & Son by 150.9% in the first quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock worth $33,000 after buying an additional 243 shares during the period. First Trust Advisors LP boosted its holdings in shares of John B. Sanfilippo & Son by 0.9% in the first quarter. First Trust Advisors LP now owns 29,520 shares of the company’s stock worth $2,342,000 after buying an additional 272 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of John B. Sanfilippo & Son by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 101,226 shares of the company’s stock worth $8,030,000 after acquiring an additional 282 shares in the last quarter. 70.64% of the stock is currently owned by institutional investors and hedge funds.

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.