John B. Sanfilippo & Son (NASDAQ:JBSS) Shares Cross Above 200 Day Moving Average – What’s Next?

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $76.58 and traded as high as $78.19. John B. Sanfilippo & Son shares last traded at $77.95, with a volume of 78,684 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently commented on JBSS. Wall Street Zen lowered 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 lowered shares of John B. Sanfilippo & Son from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Stock Up 1.4%

The company has a fifty day moving average of $78.42 and a two-hundred day moving average of $76.58. The company has a market cap of $911.24 million, a PE ratio of 13.68 and a beta of 0.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.65 and a current ratio of 2.30.

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

John B. Sanfilippo & Son Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, May 21st. Investors of record on Monday, April 27th were given a dividend of $1.50 per share. 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 Investors Weigh In On John B. Sanfilippo & Son

Institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its stake in John B. Sanfilippo & Son by 260.9% during the second quarter. Ameriprise Financial Inc. now owns 148,896 shares of the company’s stock worth $9,416,000 after buying an additional 107,637 shares during the last quarter. Invenomic Capital Management LP raised its position in John B. Sanfilippo & Son by 161.6% in the fourth quarter. Invenomic Capital Management LP now owns 77,474 shares of the company’s stock valued at $5,470,000 after purchasing an additional 47,864 shares during the period. Deutsche Bank AG raised its position in John B. Sanfilippo & Son by 22.8% in the fourth 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. Heartland Advisors Inc. raised its position in John B. Sanfilippo & Son by 450.0% in the third quarter. Heartland Advisors Inc. now owns 55,000 shares of the company’s stock valued at $3,535,000 after purchasing an additional 45,000 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in John B. Sanfilippo & Son by 77.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 100,329 shares of the company’s stock valued at $7,083,000 after purchasing an additional 43,902 shares during the period. 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.