BWS Financial started coverage on shares of John B. Sanfilippo & Son (NASDAQ:JBSS - Free Report) in a report published on Monday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $109.00 price objective on the stock.
John B. Sanfilippo & Son Stock Up 1.6%
Shares of JBSS stock traded up $1.01 during trading hours on Monday, hitting $64.25. 56,202 shares of the company were exchanged, compared to its average volume of 66,247. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.59 and a current ratio of 2.22. John B. Sanfilippo & Son has a one year low of $58.47 and a one year high of $97.47. The business's 50-day simple moving average is $64.59 and its two-hundred day simple moving average is $65.30. The stock has a market capitalization of $747.87 million, a price-to-earnings ratio of 12.77 and a beta of 0.39.
John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The company reported $1.15 EPS for the quarter. John B. Sanfilippo & Son had a net margin of 5.32% and a return on equity of 17.54%. The business had revenue of $269.08 million for the quarter.
John B. Sanfilippo & Son Cuts Dividend
The firm also recently disclosed a special dividend, which was paid on Thursday, September 11th. Investors of record on Tuesday, August 19th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, August 19th. This represents a yield of 130.0%. John B. Sanfilippo & Son's dividend payout ratio is 17.89%.
Institutional Investors Weigh In On John B. Sanfilippo & Son
Several institutional investors and hedge funds have recently bought and sold shares of the business. SageView Advisory Group LLC raised its stake in John B. Sanfilippo & Son by 3.5% during the first quarter. SageView Advisory Group LLC now owns 4,967 shares of the company's stock worth $352,000 after acquiring an additional 169 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of John B. Sanfilippo & Son by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,102 shares of the company's stock valued at $444,000 after purchasing an additional 182 shares during the period. Inspire Investing LLC increased its stake in shares of John B. Sanfilippo & Son by 4.1% in the first quarter. Inspire Investing LLC now owns 4,815 shares of the company's stock valued at $341,000 after purchasing an additional 188 shares during the period. Prudential Financial Inc. increased its stake in shares of John B. Sanfilippo & Son by 3.2% in the second quarter. Prudential Financial Inc. now owns 9,155 shares of the company's stock valued at $579,000 after purchasing an additional 285 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of John B. Sanfilippo & Son by 95.7% in the second quarter. GAMMA Investing LLC now owns 687 shares of the company's stock valued at $43,000 after purchasing an additional 336 shares during the period. Institutional investors and hedge funds own 70.64% of the company's stock.
John B. Sanfilippo & Son Company Profile
(
Get Free Report)
John B. Sanfilippo & Son, Inc engages in the processing and distribution of nuts and nut-related products. It offers peanuts, pecans, cashews, walnuts, almonds, and other nuts under the brands of Fisher, Orchard Valley Harvest, Squirrel Brand, and Southern Style Nuts. The company was founded by Gaspare Sanfilippo and John B.
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