John B. Sanfilippo & Son (NASDAQ:JBSS) Releases Earnings Results, Beats Expectations By $0.17 EPS

John B. Sanfilippo & Son (NASDAQ:JBSS) announced its quarterly earnings results on Thursday. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.17, FiscalAI reports. John B. Sanfilippo & Son had a net margin of 5.84% and a return on equity of 18.92%. The company had revenue of $314.78 million for the quarter, compared to analysts’ expectations of $313.43 million.

John B. Sanfilippo & Son Price Performance

NASDAQ JBSS traded up $1.42 during trading on Thursday, hitting $75.56. 106,765 shares of the stock traded hands, compared to its average volume of 46,755. The company has a quick ratio of 0.72, a current ratio of 2.44 and a debt-to-equity ratio of 0.08. John B. Sanfilippo & Son has a 12-month low of $58.47 and a 12-month high of $86.58. The firm has a 50-day simple moving average of $72.67 and a 200-day simple moving average of $67.29. The company has a market capitalization of $879.52 million, a P/E ratio of 13.44 and a beta of 0.36.

Hedge Funds Weigh In On John B. Sanfilippo & Son

Several institutional investors have recently bought and sold shares of JBSS. AQR Capital Management LLC lifted its holdings in shares of John B. Sanfilippo & Son by 3.2% in the 1st quarter. AQR Capital Management LLC now owns 25,174 shares of the company’s stock valued at $1,784,000 after acquiring an additional 769 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 worth $378,000 after purchasing an additional 234 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in John B. Sanfilippo & Son during the 1st quarter valued at $243,000. Jane Street Group LLC boosted its stake in John B. Sanfilippo & Son by 21.8% during the first quarter. Jane Street Group LLC now owns 17,253 shares of the company’s stock worth $1,223,000 after buying an additional 3,090 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in shares of John B. Sanfilippo & Son by 86.7% in the 2nd quarter. Quantbot Technologies LP now owns 6,875 shares of the company’s stock worth $435,000 after acquiring an additional 3,192 shares during the last quarter. Institutional investors own 70.64% of the company’s stock.

Wall Street Analyst Weigh In

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

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.