John B. Sanfilippo & Son (NASDAQ:JBSS) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $79.45 and traded as low as $69.12. John B. Sanfilippo & Son shares last traded at $69.33, with a volume of 114,916 shares.

Analyst Ratings Changes

A number of analysts recently weighed in on JBSS shares. Freedom Capital upgraded John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. BWS Financial reiterated a “buy” rating and issued a $109.00 price target on shares of John B. Sanfilippo & Son in a research report on Friday, August 21st. Freedom Broker upgraded John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and reduced their price target for the company from $95.00 to $91.00 in a research report on Thursday, August 20th. Wall Street Zen cut John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, John B. Sanfilippo & Son currently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

John B. Sanfilippo & Son Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 2.08. The stock has a fifty day simple moving average of $79.54 and a two-hundred day simple moving average of $79.36. The stock has a market capitalization of $801.35 million, a price-to-earnings ratio of 13.03 and a beta of 0.32.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.46). John B. Sanfilippo & Son had a net margin of 5.27% and a return on equity of 16.51%. The business had revenue of $280.43 million during the quarter, compared to analyst estimates of $274.87 million. Analysts forecast that John B. Sanfilippo & Son, Inc. will post 6.42 earnings per share for the current fiscal year.

John B. Sanfilippo & Son Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th were paid a $1.05 dividend. The ex-dividend date of this dividend was Monday, August 17th. John B. Sanfilippo & Son’s payout ratio is 18.06%.

Institutional Trading of John B. Sanfilippo & Son

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in John B. Sanfilippo & Son by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 312,802 shares of the company’s stock worth $24,815,000 after acquiring an additional 12,056 shares in the last quarter. Royce & Associates LP increased its stake in John B. Sanfilippo & Son by 2.5% in the fourth quarter. Royce & Associates LP now owns 249,068 shares of the company’s stock valued at $17,584,000 after purchasing an additional 6,170 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in John B. Sanfilippo & Son by 19.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company’s stock valued at $14,425,000 after purchasing an additional 32,800 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of John B. Sanfilippo & Son during the second quarter valued at about $9,083,000. Finally, Invenomic Capital Management LP raised its holdings in shares of John B. Sanfilippo & Son by 161.6% during the fourth quarter. Invenomic Capital Management LP now owns 77,474 shares of the company’s stock valued at $5,470,000 after purchasing an additional 47,864 shares during the period. Institutional investors and hedge funds own 70.64% of the company’s stock.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a food manufacturer and marketer specializing in tree nuts, peanuts, snack mixes and related snack products. The company processes, packages and distributes products for retail, foodservice and industrial customers, including branded, private-label and contract-manufactured offerings.

Its brand portfolio includes Fisher, a consumer brand known for cooking and baking nuts, snacking nuts and nut toppings, as well as Orchard Valley Harvest and Sunshine Country.