John B. Sanfilippo & Son (NASDAQ:JBSS) Stock: Insider Michael Finn Acquires 200 Shares

Key Points

• VP Michael Finn bought 200 shares at an average price of $56.08, increasing his stake by 2.83% to 7,276 shares.
• JBSS shares traded at $54.44, well below their 50-day and 200-day moving averages. The company also missed quarterly earnings and revenue estimates, reporting EPS of $1.11 versus $1.53 expected.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $100; recommendations range from Strong Buy to Sell.

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Get Free Report) VP Michael Finn acquired 200 shares of John B. Sanfilippo & Son stock in a transaction dated Thursday, November 5th. The stock was acquired at an average cost of $56.08 per share, with a total value of $11,216.00. Following the completion of the transaction, the vice president directly owned 7,276 shares of the company's stock, valued at $408,038.08. This trade represents a 2.83% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

John B. Sanfilippo & Son Stock Performance

Shares of John B. Sanfilippo & Son stock traded down $0.31 during midday trading on Thursday, hitting $54.44. The company had a trading volume of 217,079 shares, compared to its average volume of 111,268. John B. Sanfilippo & Son, Inc. has a 1-year low of $50.73 and a 1-year high of $92.08. The business's 50 day simple moving average is $67.31 and its two-hundred day simple moving average is $76.70. The stock has a market cap of $636.57 million, a PE ratio of 11.39 and a beta of 0.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.96 and a quick ratio of 0.60.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.42). The company had revenue of $288.14 million for the quarter, compared to analyst estimates of $306.92 million. John B. Sanfilippo & Son had a net margin of 4.84% and a return on equity of 14.95%. As a group, equities analysts predict that John B. Sanfilippo & Son, Inc. will post 5.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on JBSS. Freedom Capital upgraded shares of John B. Sanfilippo & Son from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th. Freedom Broker raised John B. Sanfilippo & Son from a "hold" rating to a "buy" rating and decreased their target price for the stock from $95.00 to $91.00 in a research report on Thursday, August 20th. BWS Financial restated a "buy" rating and set a $109.00 price target on shares of John B. Sanfilippo & Son in a research note on Wednesday, September 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of John B. Sanfilippo & Son in a report on Tuesday, September 8th. Finally, Wall Street Zen downgraded John B. Sanfilippo & Son from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $100.00.

Institutional Investors Weigh In On John B. Sanfilippo & Son

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in John B. Sanfilippo & Son in the 2nd quarter valued at $9,083,000. Lazard Asset Management LLC grew its position in John B. Sanfilippo & Son by 65.8% in the first quarter. Lazard Asset Management LLC now owns 45,720 shares of the company's stock valued at $3,627,000 after acquiring an additional 18,142 shares during the period. Corient Private Wealth LP acquired a new position in John B. Sanfilippo & Son during the second quarter worth $1,088,000. Bank of America Corp DE raised its stake in John B. Sanfilippo & Son by 42.1% during the first quarter. Bank of America Corp DE now owns 41,611 shares of the company's stock worth $3,301,000 after acquiring an additional 12,332 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 valued at $24,815,000 after acquiring an additional 12,056 shares during the period. Institutional investors own 70.64% of the company's stock.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a food company that processes, packages and distributes nuts and related snack products. Its product portfolio includes peanuts, tree nuts, seeds, snack mixes, nut butters and other snack foods sold through grocery, mass merchandise, club, convenience and foodservice channels.

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

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