John B. Sanfilippo & Son (NASDAQ:JBSS) Hits New 52-Week High – Here’s What Happened

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $85.15 and last traded at $84.98, with a volume of 4376 shares. The stock had previously closed at $84.28.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen downgraded John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $109.00.

John B. Sanfilippo & Son Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.65 and a current ratio of 2.30. The stock has a market capitalization of $994.19 million, a price-to-earnings ratio of 14.88 and a beta of 0.34. The business’s 50 day simple moving average is $77.86 and its 200-day simple moving average is $77.10.

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 $260.82 million. John B. Sanfilippo & Son had a net margin of 5.76% and a return on equity of 18.11%. Research analysts anticipate that John B. Sanfilippo & Son, Inc. will post 5.85 earnings per share for the current year.

John B. Sanfilippo & Son Announces Dividend

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

Institutional Trading of John B. Sanfilippo & Son

Several hedge funds have recently added to or reduced their stakes in JBSS. AQR Capital Management LLC grew its stake in shares of John B. Sanfilippo & Son by 3.2% in the first quarter. AQR Capital Management LLC now owns 25,174 shares of the company’s stock worth $1,784,000 after purchasing an additional 769 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of John B. Sanfilippo & Son by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,336 shares of the company’s stock valued at $378,000 after purchasing an additional 234 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in John B. Sanfilippo & Son in the first quarter worth about $243,000. Jane Street Group LLC lifted its holdings in John B. Sanfilippo & Son by 21.8% in the first quarter. Jane Street Group LLC now owns 17,253 shares of the company’s stock worth $1,223,000 after purchasing an additional 3,090 shares during the period. Finally, Quantbot Technologies LP grew its position in John B. Sanfilippo & Son by 86.7% in the 2nd quarter. Quantbot Technologies LP now owns 6,875 shares of the company’s stock valued at $435,000 after buying an additional 3,192 shares in the last quarter. Institutional investors own 70.64% of the company’s stock.

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.