John B. Sanfilippo & Son (NASDAQ:JBSS) Reaches New 1-Year High – Still a Buy?

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)’s stock price reached a new 52-week high on Thursday . The company traded as high as $85.15 and last traded at $84.98, with a volume of 4376 shares. The stock had previously closed at $84.28.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on JBSS shares. Wall Street Zen downgraded shares of John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 23rd. Weiss Ratings raised John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $109.00.

John B. Sanfilippo & Son Stock Performance

The company has a current ratio of 2.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average is $78.05 and its 200 day moving average is $77.26. The company has a market cap of $1.02 billion, a PE ratio of 15.28 and a beta of 0.34.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.27. The firm had revenue of $281.78 million for the quarter, compared to analysts’ expectations of $260.82 million. John B. Sanfilippo & Son had a net margin of 5.76% and a return on equity of 18.11%. As a group, research analysts predict that John B. Sanfilippo & Son, Inc. will post 5.85 EPS for the current fiscal year.

John B. Sanfilippo & Son Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, May 21st. Investors of record on Monday, April 27th were paid a $1.50 dividend. The ex-dividend date of this dividend was Monday, April 27th. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is presently 15.79%.

Institutional Trading of John B. Sanfilippo & Son

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in 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 valued at $24,815,000 after purchasing an additional 12,056 shares in the last quarter. Deutsche Bank AG increased its position in shares of John B. Sanfilippo & Son by 22.8% during the 4th quarter. Deutsche Bank AG now owns 256,526 shares of the company’s stock valued at $18,111,000 after purchasing an additional 47,559 shares during the period. Royce & Associates LP boosted its stake in shares of John B. Sanfilippo & Son by 2.5% during the 4th quarter. Royce & Associates LP now owns 249,068 shares of the company’s stock worth $17,584,000 after acquiring an additional 6,170 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of John B. Sanfilippo & Son by 19.1% in 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 period. Finally, Ameriprise Financial Inc. raised its position in John B. Sanfilippo & Son by 2.6% during the third quarter. Ameriprise Financial Inc. now owns 152,762 shares of the company’s stock valued at $9,820,000 after buying an additional 3,866 shares during the period. 70.64% of the stock is currently owned by institutional investors and hedge funds.

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.