John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Analysts maintain a consensus “Buy” rating on JBSS, with two strong-buy, one buy and two hold recommendations. The average 12-month price target is $100, compared with the stock’s opening price of $75.49.
• The company’s latest quarterly results were mixed: EPS of $0.71 missed estimates of $1.17, while revenue of $280.43 million exceeded expectations of $274.87 million.
• JBSS announced a $1.05 special dividend payable September 9 to shareholders of record as of August 17; institutional investors and hedge funds own 70.64% of the company.

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Get Free Report) has been given a consensus rating of "Buy" by the five analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $100.00.

A number of research analysts have issued reports on the stock. Freedom Broker upgraded shares of John B. Sanfilippo & Son from a "hold" rating to a "strong-buy" rating and reduced their target price for the company from $95.00 to $91.00 in a report on Thursday, August 20th. Freedom Capital upgraded John B. Sanfilippo & Son from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. Wall Street Zen lowered shares of John B. Sanfilippo & Son from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. BWS Financial restated a "buy" rating and issued a $109.00 target price on shares of John B. Sanfilippo & Son in a report on Friday. Finally, Weiss Ratings raised shares of John B. Sanfilippo & Son from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, June 11th.

John B. Sanfilippo & Son Price Performance

Shares of JBSS opened at $75.49 on Tuesday. John B. Sanfilippo & Son has a twelve month low of $59.07 and a twelve month high of $92.08. The stock's 50 day moving average is $83.35 and its two-hundred day moving average is $80.27. The firm has a market capitalization of $882.48 million, a PE ratio of 14.35 and a beta of 0.32. The company has a current ratio of 2.08, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.46). John B. Sanfilippo & Son had a return on equity of 16.51% and a net margin of 5.27%.The company had revenue of $280.43 million for the quarter, compared to analysts' expectations of $274.87 million. Research analysts anticipate that John B. Sanfilippo & Son will post 6.57 earnings per share for the current year.

John B. Sanfilippo & Son Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, August 17th. John B. Sanfilippo & Son's dividend payout ratio (DPR) is currently 18.06%.

Institutional Investors Weigh In On John B. Sanfilippo & Son

A number of large investors have recently modified their holdings of JBSS. EverSource Wealth Advisors LLC boosted its holdings in John B. Sanfilippo & Son by 1,238.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company's stock worth $26,000 after acquiring an additional 384 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of John B. Sanfilippo & Son during the second quarter valued at approximately $32,000. Quarry LP purchased a new stake in shares of John B. Sanfilippo & Son during the third quarter valued at approximately $32,000. Sound Income Strategies LLC lifted its position in shares of John B. Sanfilippo & Son by 150.9% during the first quarter. Sound Income Strategies LLC now owns 404 shares of the company's stock worth $33,000 after purchasing an additional 243 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of John B. Sanfilippo & Son in the fourth quarter valued at $40,000. 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 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.

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