John B. Sanfilippo & Son (NASDAQ:JBSS) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $76.22 and traded as low as $73.35. John B. Sanfilippo & Son shares last traded at $73.85, with a volume of 146,796 shares.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings downgraded shares of John B. Sanfilippo & Son from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. BWS Financial reissued a “buy” rating and set a $109.00 price objective on shares of John B. Sanfilippo & Son in a report on Monday, February 2nd. Finally, Wall Street Zen downgraded shares of John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, John B. Sanfilippo & Son currently has an average rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Trading Down 1.4%

The company has a debt-to-equity ratio of 0.10, a current ratio of 2.30 and a quick ratio of 0.65. The company has a market cap of $863.31 million, a price-to-earnings ratio of 12.96 and a beta of 0.38. The business’s 50-day simple moving average is $78.61 and its 200-day simple moving average is $76.22.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.27. The company had revenue of $281.78 million during the quarter, compared to analysts’ expectations of $260.83 million. John B. Sanfilippo & Son had a net margin of 5.76% and a return on equity of 18.11%. Research analysts predict that John B. Sanfilippo & Son, Inc. will post 5.85 earnings per share for the current fiscal year.

John B. Sanfilippo & Son Dividend Announcement

The firm also recently announced a special dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, April 27th were given a dividend of $1.50 per share. The ex-dividend date was Monday, April 27th. John B. Sanfilippo & Son’s payout ratio is presently 15.79%.

Hedge Funds 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 the business. Quantbot Technologies LP raised its position in John B. Sanfilippo & Son by 2.7% during the third quarter. Quantbot Technologies LP now owns 7,059 shares of the company’s stock worth $454,000 after acquiring an additional 184 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in John B. Sanfilippo & Son by 4.7% during the first quarter. Illinois Municipal Retirement Fund now owns 4,907 shares of the company’s stock worth $389,000 after acquiring an additional 220 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in John B. Sanfilippo & Son by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,336 shares of the company’s stock worth $378,000 after acquiring an additional 234 shares during the last quarter. Sound Income Strategies LLC raised its position in John B. Sanfilippo & Son by 150.9% during the first quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock worth $33,000 after acquiring an additional 243 shares during the last quarter. Finally, First Trust Advisors LP raised its position in John B. Sanfilippo & Son by 0.9% during the first quarter. First Trust Advisors LP now owns 29,520 shares of the company’s stock worth $2,342,000 after acquiring an additional 272 shares during the last quarter. 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 family‐held processor and marketer of tree nuts and snack nut products. Headquartered in Elgin, Illinois, the company operates manufacturing facilities, processing plants and sales offices across the United States and abroad. It supplies a broad range of channels, including retail, foodservice, industrial and private‐label customers.

The company’s product portfolio spans in‐shell and shelled pecans, walnuts, almonds, cashews, pistachios and peanuts, as well as mixed‐nut blends, chocolate‐covered treats, granolas and specialty snack items.