John B. Sanfilippo & Son (NASDAQ:JBSS) Reaches New 52-Week High on Earnings Beat

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) reached a new 52-week high during trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $77.83 and last traded at $78.6550, with a volume of 5485 shares. The stock had previously closed at $75.56.

The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The company had revenue of $314.78 million for the quarter, compared to the consensus estimate of $313.43 million. John B. Sanfilippo & Son had a return on equity of 19.73% and a net margin of 6.15%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a report on Monday, December 29th. Zacks Research lowered shares of John B. Sanfilippo & Son from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Wall Street Zen upgraded shares of John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 9th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $109.00 price target on shares of John B. Sanfilippo & Son in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, John B. Sanfilippo & Son currently has a consensus rating of “Hold” and a consensus price target of $109.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd increased its holdings in shares of John B. Sanfilippo & Son by 27.9% in the second quarter. XTX Topco Ltd now owns 12,063 shares of the company’s stock valued at $763,000 after purchasing an additional 2,634 shares during the last quarter. Creative Planning acquired a new position in John B. Sanfilippo & Son during the second quarter worth $2,033,000. SG Americas Securities LLC grew its holdings in John B. Sanfilippo & Son by 186.8% in the 3rd quarter. SG Americas Securities LLC now owns 15,650 shares of the company’s stock valued at $1,006,000 after buying an additional 10,194 shares in the last quarter. Signaturefd LLC grew its holdings in John B. Sanfilippo & Son by 295.3% in the 2nd quarter. Signaturefd LLC now owns 680 shares of the company’s stock valued at $43,000 after buying an additional 508 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of John B. Sanfilippo & Son by 95.7% in the 2nd quarter. GAMMA Investing LLC now owns 687 shares of the company’s stock worth $43,000 after acquiring an additional 336 shares during the last quarter. 70.64% of the stock is currently owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Stock Up 7.1%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 2.44. The business has a 50 day simple moving average of $73.02 and a 200-day simple moving average of $67.44. The firm has a market capitalization of $941.68 million, a price-to-earnings ratio of 13.51 and a beta of 0.36.

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.