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

Key Points

• Analyst sentiment is moderately positive: Five firms give John B. Sanfilippo & Son a consensus “Moderate Buy” rating, with an average 12-month price target of $100 versus a recent share price of $67.31.
• The company’s latest quarter was mixed: revenue of $280.43 million exceeded estimates, but earnings per share of $0.71 fell short of the $1.17 consensus forecast.
• John B. Sanfilippo & Son paid a $1.05-per-share special dividend, while institutional investors own 70.64% of the company’s stock.

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $100.00.

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of John B. Sanfilippo & Son in a research report on Tuesday, September 8th. Freedom Broker upgraded John B. Sanfilippo & Son from a "hold" rating to a "buy" rating and reduced their price objective for the company from $95.00 to $91.00 in a research report on Thursday, August 20th. Wall Street Zen downgraded John B. Sanfilippo & Son from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Freedom Capital raised John B. Sanfilippo & Son from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. Finally, BWS Financial reiterated a "buy" rating and issued a $109.00 target price on shares of John B. Sanfilippo & Son in a research note on Friday, August 21st.

John B. Sanfilippo & Son Trading Down 0.2%

NASDAQ JBSS opened at $67.31 on Friday. John B. Sanfilippo & Son has a one year low of $59.07 and a one year high of $92.08. The company has a 50-day simple moving average of $78.40 and a 200-day simple moving average of $79.08. 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 firm has a market capitalization of $786.85 million, a PE ratio of 12.80 and a beta of 0.32.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $280.43 million for the quarter, compared to analyst estimates of $274.87 million. On average, equities analysts forecast that John B. Sanfilippo & Son will post 6.42 earnings per share for the current year.

John B. Sanfilippo & Son Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th were given a dividend of $1.05 per share. The ex-dividend date was Monday, August 17th. John B. Sanfilippo & Son's dividend payout ratio is currently 18.06%.

Institutional Trading of John B. Sanfilippo & Son

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in John B. Sanfilippo & Son during the 2nd quarter valued at about $32,000. Sound Income Strategies LLC increased its stake 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 valued at $33,000 after purchasing an additional 243 shares during the period. Leonteq Securities AG acquired a new stake in shares of John B. Sanfilippo & Son in the fourth quarter valued at approximately $40,000. Integrated Wealth Concepts LLC bought a new stake in shares of John B. Sanfilippo & Son during the second quarter valued at approximately $52,000. Finally, Parallel Advisors LLC raised its holdings in shares of John B. Sanfilippo & Son by 66.1% during the first quarter. Parallel Advisors LLC now owns 822 shares of the company's stock valued at $65,000 after buying an additional 327 shares during the last quarter. 70.64% of the stock is currently owned by institutional investors.

John B. Sanfilippo & Son Company Profile

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.

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