John B. Sanfilippo & Son (NASDAQ:JBSS) Trading Down 5.6% – Here’s Why

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) was down 5.6% during trading on Friday . The stock traded as low as $81.19 and last traded at $80.8810. Approximately 34,418 shares were traded during mid-day trading, a decline of 62% from the average session volume of 90,624 shares. The stock had previously closed at $85.68.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings raised shares of John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Finally, Freedom Capital upgraded shares of John B. Sanfilippo & Son to a “hold” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Stock Down 7.2%

The company has a quick ratio of 0.65, a current ratio of 2.30 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $929.00 million, a PE ratio of 13.94 and a beta of 0.32. The business has a 50-day moving average price of $80.12 and a 200-day moving average price of $78.60.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.27. The firm had revenue of $281.78 million for the quarter, compared to the consensus estimate of $260.82 million. John B. Sanfilippo & Son had a return on equity of 18.11% and a net margin of 5.76%. Equities research analysts forecast 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 announced a special dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is 15.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Maxi Investments CY Ltd acquired a new position in shares of John B. Sanfilippo & Son in the 4th quarter valued at $1,134,000. Strs Ohio acquired a new stake in shares of John B. Sanfilippo & Son during the 1st quarter worth about $579,000. Horizon Investments LLC acquired a new stake in shares of John B. Sanfilippo & Son during the 4th quarter worth about $586,000. Gamco Investors INC. ET AL raised its holdings in John B. Sanfilippo & Son by 19.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company’s stock valued at $14,425,000 after buying an additional 32,800 shares during the period. Finally, Dean Capital Management raised its holdings in John B. Sanfilippo & Son by 33.2% in the 4th quarter. Dean Capital Management now owns 47,478 shares of the company’s stock valued at $3,352,000 after buying an additional 11,821 shares during the period. Institutional investors and hedge funds own 70.64% of the company’s stock.

John B. Sanfilippo & Son Company Profile

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.