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

Key Points

• JBSS fell below its 200-day moving average, trading as low as $69.12 versus the $79.45 average, and closed at $69.33.
• Analyst sentiment remains mixed but leans positive: the stock has a “Moderate Buy” consensus rating and a $100 average price target, despite some recent downgrades.
• The company missed quarterly EPS expectations, reporting $0.71 versus the $1.17 consensus, while revenue exceeded estimates; it also paid a special $1.05 dividend and institutional investors own 70.64% of shares.

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $79.45 and traded as low as $69.12. John B. Sanfilippo & Son shares last traded at $69.33, with a volume of 114,916 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JBSS. BWS Financial reissued a "buy" rating and set a $109.00 target price on shares of John B. Sanfilippo & Son in a report on Friday, August 21st. Freedom Broker upgraded shares of John B. Sanfilippo & Son from a "hold" rating to a "buy" rating and decreased their price target for the company from $95.00 to $91.00 in a research note on Thursday, August 20th. Wall Street Zen lowered shares of John B. Sanfilippo & Son from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of John B. Sanfilippo & Son in a research note on Tuesday, September 8th. Finally, Freedom Capital raised shares of John B. Sanfilippo & Son from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $100.00.

John B. Sanfilippo & Son Trading Down 1.3%

The firm's fifty day simple moving average is $79.94 and its 200 day simple moving average is $79.45. The stock has a market capitalization of $810.47 million, a P/E ratio of 13.18 and a beta of 0.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 2.08.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.46). The firm had revenue of $280.43 million for the quarter, compared to analyst estimates of $274.87 million. John B. Sanfilippo & Son had a return on equity of 16.51% and a net margin of 5.27%. As a group, equities research analysts forecast that John B. Sanfilippo & Son, Inc. will post 6.42 EPS for the current fiscal year.

John B. Sanfilippo & Son Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, August 17th. John B. Sanfilippo & Son's dividend payout ratio (DPR) is currently 18.06%.

Hedge Funds Weigh In On John B. Sanfilippo & Son

A number of institutional investors have recently modified their holdings of JBSS. California State Teachers Retirement System increased its position in John B. Sanfilippo & Son by 9,287.4% during the 2nd quarter. California State Teachers Retirement System now owns 766,859 shares of the company's stock worth $65,942,000 after purchasing an additional 758,690 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in 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 buying an additional 12,056 shares in the last quarter. Royce & Associates LP boosted its position in John B. Sanfilippo & Son by 2.5% in the fourth quarter. Royce & Associates LP now owns 249,068 shares of the company's stock valued at $17,584,000 after buying an additional 6,170 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of John B. Sanfilippo & Son by 19.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company's stock worth $14,425,000 after buying an additional 32,800 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of John B. Sanfilippo & Son during the second quarter worth $9,083,000. Institutional investors and hedge funds own 70.64% of the company's stock.

About John B. Sanfilippo & Son

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.