Key Points
- VP Michael Finn bought 300 shares at an average price of $54.57, spending $16,371; the purchase increased his direct stake by 4.43% to 7,076 shares.
- Quarterly results missed expectations: John B. Sanfilippo & Son reported EPS of $1.11 versus $1.53 forecast and revenue of $288.14 million versus $306.92 million expected.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $100, while JBSS shares opened at $54.91 and were near their one-year low of $50.73.
John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Get Free Report) VP Michael Finn bought 300 shares of the business's stock in a transaction on Wednesday, November 4th. The stock was bought at an average cost of $54.57 per share, for a total transaction of $16,371.00. Following the purchase, the vice president directly owned 7,076 shares of the company's stock, valued at approximately $386,137.32. This trade represents a 4.43% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
John B. Sanfilippo & Son Stock Performance
JBSS stock opened at $54.91 on Thursday. The business's 50-day moving average price is $67.31 and its two-hundred day moving average price is $76.70. The company has a current ratio of 1.96, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12. The firm has a market cap of $642.10 million, a PE ratio of 11.49 and a beta of 0.34. John B. Sanfilippo & Son, Inc. has a 1-year low of $50.73 and a 1-year high of $92.08.
John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.42). The firm had revenue of $288.14 million for the quarter, compared to the consensus estimate of $306.92 million. John B. Sanfilippo & Son had a return on equity of 14.95% and a net margin of 4.84%. As a group, research analysts forecast that John B. Sanfilippo & Son, Inc. will post 5.45 earnings per share for the current year.
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. CenterBook Partners LP bought a new position in John B. Sanfilippo & Son in the third quarter valued at approximately $231,000. Signaturefd LLC raised its position in John B. Sanfilippo & Son by 35.3% during the third quarter. Signaturefd LLC now owns 908 shares of the company's stock valued at $60,000 after purchasing an additional 237 shares in the last quarter. Nisa Investment Advisors LLC raised its position in John B. Sanfilippo & Son by 42.7% during the third quarter. Nisa Investment Advisors LLC now owns 4,366 shares of the company's stock valued at $290,000 after purchasing an additional 1,307 shares in the last quarter. Viking Fund Management LLC bought a new stake in John B. Sanfilippo & Son during the third quarter worth $532,000. Finally, Engineers Gate Manager LP bought a new stake in John B. Sanfilippo & Son during the second quarter worth $254,000. Institutional investors own 70.64% of the company's stock.
Analyst Ratings Changes
Several analysts recently commented on JBSS shares. Wall Street Zen downgraded shares of John B. Sanfilippo & Son from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Zacks Research lowered shares of John B. Sanfilippo & Son from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 1st. Weiss Ratings reissued a "hold (c)" rating on shares of John B. Sanfilippo & Son in a report on Tuesday, September 8th. BWS Financial restated a "buy" rating and set a $109.00 price objective on shares of John B. Sanfilippo & Son in a research report on Wednesday, September 30th. Finally, Freedom Capital upgraded shares of John B. Sanfilippo & Son from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $100.00.
Check Out Our Latest Research Report on JBSS
John B. Sanfilippo & Son Company Profile
(
Get Free Report)
John B. Sanfilippo & Son, Inc is a food company that processes, packages and distributes nuts and related snack products. Its product portfolio includes peanuts, tree nuts, seeds, snack mixes, nut butters and other snack foods sold through grocery, mass merchandise, club, convenience and foodservice channels.
The company markets products under brands including Fisher, Orchard Valley Harvest and Sunshine Country, while also producing private-label products for retailers and other customers.
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