John B. Sanfilippo & Son (NASDAQ:JBSS) Reaches New 52-Week Low - What's Next?

Key Points

• JBSS shares fell to a new 52-week low, trading as low as $55.46 and down 1.4%, well below its 50-day and 200-day moving averages.
• The company missed quarterly expectations, reporting $1.11 in EPS versus the $1.53 consensus and revenue of $288.14 million versus $306.92 million expected.
• Analyst opinions are mixed, but the overall consensus remains “Moderate Buy” with an average price target of $100, while institutional investors own 70.64% of the stock.

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Get Free Report)'s stock price reached a new 52-week low on Friday. The stock traded as low as $55.46 and last traded at $55.0540, with a volume of 114,091 shares changing hands. The stock had previously closed at $56.47.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings restated a "hold (c)" rating on shares of John B. Sanfilippo & Son in a report on Tuesday, September 8th. Zacks Research downgraded shares of John B. Sanfilippo & Son from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 1st. 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 reaffirmed a "buy" rating and set a $109.00 price objective on shares of John B. Sanfilippo & Son in a research report on Wednesday, September 30th. Finally, Freedom Broker upgraded John B. Sanfilippo & Son from a "hold" rating to a "buy" rating and reduced their target price for the stock 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 assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, John B. Sanfilippo & Son has a consensus rating of "Moderate Buy" and an average target price of $100.00.

John B. Sanfilippo & Son Stock Down 1.4%

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.08 and a quick ratio of 0.62. The company has a 50 day moving average price of $69.00 and a two-hundred day moving average price of $77.09. The stock has a market cap of $651.11 million, a PE ratio of 11.64 and a beta of 0.32.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.42). John B. Sanfilippo & Son had a return on equity of 14.87% and a net margin of 4.84%. The company had revenue of $288.14 million during the quarter, compared to analysts' expectations of $306.92 million. Analysts expect that John B. Sanfilippo & Son, Inc. will post 5.56 EPS for the current year.

Institutional Investors Weigh In On John B. Sanfilippo & Son

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBSS. Strs Ohio bought a new position in shares of John B. Sanfilippo & Son during the 1st quarter worth $579,000. Bank of New York Mellon Corp purchased a new position in shares of John B. Sanfilippo & Son during the second quarter valued at $9,083,000. Lazard Asset Management LLC raised its holdings in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of John B. Sanfilippo & Son by 4.0% in 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 in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of John B. Sanfilippo & Son by 42.1% in the first quarter. Bank of America Corp DE now owns 41,611 shares of the company's stock valued at $3,301,000 after acquiring an additional 12,332 shares in the last quarter. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

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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