Key Points
- VP Michael Finn bought 200 shares at an average price of $56.08, spending $11,216 and increasing his stake by 2.83% to 7,276 shares.
- John B. Sanfilippo & Son missed quarterly expectations, reporting EPS of $1.11 versus $1.53 expected and revenue of $288.14 million versus $306.92 million estimated.
- Analyst views are mixed, but MarketBeat reports an overall Moderate Buy rating and a $100 average price target.
John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Get Free Report) VP Michael Finn acquired 200 shares of the company's stock in a transaction on Thursday, November 5th. The shares were purchased at an average cost of $56.08 per share, for a total transaction of $11,216.00. Following the acquisition, the vice president owned 7,276 shares of the company's stock, valued at approximately $408,038.08. The trade was a 2.83% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
John B. Sanfilippo & Son Stock Down 0.4%
JBSS opened at $54.52 on Friday. John B. Sanfilippo & Son, Inc. has a one year low of $50.73 and a one year high of $92.08. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.96. The stock has a market capitalization of $637.34 million, a P/E ratio of 11.41 and a beta of 0.34. The business's 50-day simple moving average is $66.88 and its 200-day simple moving average is $76.61.
John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $306.92 million. John B. Sanfilippo & Son had a net margin of 4.84% and a return on equity of 14.95%. Analysts anticipate that John B. Sanfilippo & Son, Inc. will post 5.45 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in John B. Sanfilippo & Son in the second quarter valued at about $32,000. Sound Income Strategies LLC boosted its holdings 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 purchasing an additional 243 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in John B. Sanfilippo & Son in the 2nd quarter valued at approximately $52,000. Signaturefd LLC increased its position in John B. Sanfilippo & Son by 35.3% during the 3rd quarter. Signaturefd LLC now owns 908 shares of the company's stock worth $60,000 after purchasing an additional 237 shares during the period. Finally, Parallel Advisors LLC increased its position in John B. Sanfilippo & Son by 66.1% during the 1st quarter. Parallel Advisors LLC now owns 822 shares of the company's stock worth $65,000 after purchasing an additional 327 shares during the period. 70.64% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on JBSS shares. Weiss Ratings reissued a "hold (c)" rating on shares of John B. Sanfilippo & Son in a report on Tuesday, September 8th. Zacks Research lowered shares of John B. Sanfilippo & Son from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 1st. Freedom Broker raised shares of John B. Sanfilippo & Son from a "hold" rating to a "buy" rating and cut their target price for the company from $95.00 to $91.00 in a report on Thursday, August 20th. BWS Financial reiterated a "buy" rating and issued a $109.00 price target on shares of John B. Sanfilippo & Son in a research report on Wednesday, September 30th. Finally, Wall Street Zen cut shares of John B. Sanfilippo & Son from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $100.00.
Get Our Latest Report on JBSS
About John B. Sanfilippo & Son
(
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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