John B. Sanfilippo & Son (NASDAQ:JBSS) Sees Unusually-High Trading Volume – Time to Buy?

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) saw unusually-high trading volume on Wednesday . Approximately 99,046 shares traded hands during trading, an increase of 23% from the previous session’s volume of 80,830 shares.The stock last traded at $74.37 and had previously closed at $74.09.

Analyst Ratings Changes

JBSS has been the topic of a number of recent research reports. Weiss Ratings lowered shares of John B. Sanfilippo & Son from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Wall Street Zen lowered shares of John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $109.00.

John B. Sanfilippo & Son Price Performance

The company has a market capitalization of $869.62 million, a PE ratio of 13.05 and a beta of 0.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.30 and a quick ratio of 0.65. The company’s 50 day simple moving average is $78.61 and its 200 day simple moving average is $76.22.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.16 by $0.27. The company had revenue of $281.78 million for the quarter, compared to analyst estimates of $260.83 million. John B. Sanfilippo & Son had a net margin of 5.76% and a return on equity of 18.11%. As a group, sell-side analysts predict that John B. Sanfilippo & Son, Inc. will post 5.85 earnings per share for the current year.

John B. Sanfilippo & Son Announces Dividend

The business also recently declared a special dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, April 27th were paid a $1.50 dividend. The ex-dividend date was Monday, April 27th. John B. Sanfilippo & Son’s dividend payout ratio is currently 15.79%.

Institutional Investors Weigh In On John B. Sanfilippo & Son

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of John B. Sanfilippo & Son by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 312,802 shares of the company’s stock valued at $24,815,000 after acquiring an additional 12,056 shares during the period. Deutsche Bank AG boosted its holdings in shares of John B. Sanfilippo & Son by 22.8% in the fourth quarter. Deutsche Bank AG now owns 256,526 shares of the company’s stock valued at $18,111,000 after acquiring an additional 47,559 shares during the period. Royce & Associates LP boosted its holdings in shares of John B. Sanfilippo & Son by 2.5% in the fourth quarter. Royce & Associates LP now owns 249,068 shares of the company’s stock valued at $17,584,000 after acquiring an additional 6,170 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of John B. Sanfilippo & Son by 19.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company’s stock valued at $14,425,000 after acquiring an additional 32,800 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of John B. Sanfilippo & Son by 2.6% in the third quarter. Ameriprise Financial Inc. now owns 152,762 shares of the company’s stock valued at $9,820,000 after acquiring an additional 3,866 shares during the period. 70.64% of the stock is owned by institutional investors and hedge funds.

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.