John B. Sanfilippo & Son (NASDAQ:JBSS) Share Price Breaks Below 200 Day Moving Average - Here's What Happened

Key Points

• JBSS fell below its 200-day moving average, trading as low as $66.49 versus the $78.01 average, and last changing hands at $67.36.
• Analyst views are mixed, but the stock carries a “Moderate Buy” consensus rating with an average price target of $100, well above its recent trading price.
• The company missed quarterly EPS expectations ($0.71 versus $1.17) despite exceeding revenue estimates, while recently paying a special dividend of $1.05 per share.

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Get Free Report) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $78.01 and traded as low as $66.49. John B. Sanfilippo & Son shares last traded at $67.36, with a volume of 184,059 shares trading hands.

Wall Street Analyst Weigh In

JBSS has been the subject of a number of research analyst reports. BWS Financial reiterated a "buy" rating and issued a $109.00 price target on shares of John B. Sanfilippo & Son in a research note on Wednesday, September 30th. Freedom Capital upgraded shares of John B. Sanfilippo & Son from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. Freedom Broker upgraded shares of John B. Sanfilippo & Son from a "hold" rating to a "buy" rating and lowered their price objective for the company from $95.00 to $91.00 in a research report on Thursday, August 20th. Zacks Research cut shares of John B. Sanfilippo & Son from a "hold" rating to a "strong sell" rating in a report on Thursday, October 1st. Finally, Weiss Ratings restated a "hold (c)" rating on shares of John B. Sanfilippo & Son in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, John B. Sanfilippo & Son currently has an average rating of "Moderate Buy" and an average price target of $100.00.

John B. Sanfilippo & Son Trading Up 0.5%

The company has a current ratio of 2.08, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $787.44 million, a PE ratio of 12.81 and a beta of 0.32. The stock has a 50 day moving average price of $73.51 and a 200-day moving average price of $78.01.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.46). The firm had revenue of $280.43 million during the quarter, compared to the consensus estimate of $274.87 million. John B. Sanfilippo & Son had a return on equity of 16.51% and a net margin of 5.27%. Sell-side analysts expect that John B. Sanfilippo & Son, Inc. will post 5.56 earnings per share for the current year.

John B. Sanfilippo & Son Announces Dividend

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

Institutional Investors Weigh In On John B. Sanfilippo & Son

Several hedge funds and other institutional investors have recently made changes to their positions in JBSS. Strs Ohio purchased a new stake in John B. Sanfilippo & Son during the first quarter valued at approximately $579,000. Bank of New York Mellon Corp bought a new position in John B. Sanfilippo & Son in the second quarter worth approximately $9,083,000. Lazard Asset Management LLC raised 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 worth $3,627,000 after acquiring an additional 18,142 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of John B. Sanfilippo & Son by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 312,802 shares of the company's stock worth $24,815,000 after acquiring an additional 12,056 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of John B. Sanfilippo & Son by 42.1% during the 1st 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 during the last quarter. Hedge funds and other 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, markets and distributes tree nuts, peanuts and related snack products. Its offerings include roasted and salted nuts, trail mixes, nut-based snacks, baking ingredients and other packaged foods sold through retail, food-service and industrial channels.

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

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