John B. Sanfilippo & Son (NASDAQ:JBSS) Reaches New 12-Month High – What’s Next?

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) hit a new 52-week high during trading on Thursday . The company traded as high as $88.93 and last traded at $88.2740, with a volume of 1238 shares traded. The stock had previously closed at $88.20.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Freedom Capital upgraded shares of John B. Sanfilippo & Son to a “hold” rating in a research note on Tuesday. Weiss Ratings upgraded shares of John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen downgraded shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $109.00.

John B. Sanfilippo & Son Stock Performance

The company has a market cap of $1.06 billion, a price-to-earnings ratio of 15.89 and a beta of 0.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.65 and a current ratio of 2.30. The business’s 50 day moving average price is $78.84 and its 200-day moving average price is $77.79.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its 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 business had revenue of $281.78 million for the quarter, compared to analyst estimates of $260.82 million. John B. Sanfilippo & Son had a net margin of 5.76% and a return on equity of 18.11%. On average, research analysts forecast that John B. Sanfilippo & Son, Inc. will post 5.85 EPS for the current year.

Institutional Investors Weigh In On John B. Sanfilippo & Son

Institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP grew its stake in shares of John B. Sanfilippo & Son by 2.7% in the 3rd quarter. Quantbot Technologies LP now owns 7,059 shares of the company’s stock valued at $454,000 after purchasing an additional 184 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of John B. Sanfilippo & Son by 4.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 4,907 shares of the company’s stock worth $389,000 after buying an additional 220 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in John B. Sanfilippo & Son by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,336 shares of the company’s stock valued at $378,000 after buying an additional 234 shares in the last quarter. Sound Income Strategies LLC boosted its stake in John B. Sanfilippo & Son by 150.9% in the 1st quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock valued at $33,000 after buying an additional 243 shares in the last quarter. Finally, First Trust Advisors LP grew its position in John B. Sanfilippo & Son by 0.9% in the first quarter. First Trust Advisors LP now owns 29,520 shares of the company’s stock valued at $2,342,000 after acquiring an additional 272 shares during the period. 70.64% of the stock is 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.