John B. Sanfilippo & Son (NASDAQ:JBSS) Share Price Breaks Below Two Hundred Day Moving Average – What’s Next?

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $78.01 and traded as low as $66.49. John B. Sanfilippo & Son shares last traded at $67.36, with a volume of 184,059 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Freedom Capital upgraded John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Zacks Research cut John B. Sanfilippo & Son from a “hold” rating to a “strong sell” rating in a report on Thursday, October 1st. BWS Financial reissued a “buy” rating and set a $109.00 price objective on shares of John B. Sanfilippo & Son in a research note on Wednesday, September 30th. Finally, Freedom Broker upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and decreased their price objective for the company from $95.00 to $91.00 in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.00.

John B. Sanfilippo & Son Price Performance

The firm has a market cap of $780.39 million, a price-to-earnings ratio of 12.69 and a beta of 0.32. The company’s fifty day moving average is $73.15 and its 200 day moving average is $77.93. The company has a quick ratio of 0.62, a current ratio of 2.08 and a debt-to-equity ratio of 0.11.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings results on Wednesday, August 19th. The company reported $0.71 EPS for the quarter, missing the consensus estimate 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 company had revenue of $280.43 million for the quarter, compared to analyst estimates of $274.87 million. On average, equities research analysts predict that John B. Sanfilippo & Son, Inc. will post 5.56 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new stake in John B. Sanfilippo & Son during the second quarter valued at approximately $9,083,000. Invenomic Capital Management LP boosted its holdings in shares of John B. Sanfilippo & Son by 161.6% in the 4th quarter. Invenomic Capital Management LP now owns 77,474 shares of the company’s stock worth $5,470,000 after purchasing an additional 47,864 shares in the last quarter. Inspire Investing LLC grew its position in John B. Sanfilippo & Son by 316.1% during the first quarter. Inspire Investing LLC now owns 27,589 shares of the company’s stock valued at $2,189,000 after acquiring an additional 20,958 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of John B. Sanfilippo & Son by 65.8% in the 1st quarter. Lazard Asset Management LLC now owns 45,720 shares of the company’s stock valued at $3,627,000 after purchasing an additional 18,142 shares in the last quarter. Finally, Corient Private Wealth LP bought a new stake in John B. Sanfilippo & Son in the second quarter worth $1,088,000. Institutional investors and hedge funds 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, markets and distributes tree nuts, peanuts and related snack products. Its offerings include roasted and salted nuts, trail mixes, nut-based snacks, baking ingredients and other packaged foods sold through retail, food-service and industrial channels.

The company markets products under brands including Fisher, Orchard Valley Harvest, Sunshine Country and Squirrel Brand, while also producing private-label products for retailers and food manufacturers.