John B. Sanfilippo & Son (NASDAQ:JBSS) Reaches New 1-Year Low – Here’s Why

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) shares hit a new 52-week low on Friday. The stock traded as low as $55.46 and last traded at $55.0540, with a volume of 114,091 shares traded. The stock had previously closed at $56.47.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JBSS. Weiss Ratings reissued a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research note on Tuesday, September 8th. Freedom Capital raised John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Wall Street Zen downgraded John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. BWS Financial reiterated a “buy” rating and issued a $109.00 price target on shares of John B. Sanfilippo & Son in a report on Wednesday, September 30th. Finally, Freedom Broker raised John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and reduced their price target for the stock from $95.00 to $91.00 in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

John B. Sanfilippo & Son Price Performance

The company has a quick ratio of 0.62, a current ratio of 2.08 and a debt-to-equity ratio of 0.11. The firm has a market cap of $651.11 million, a PE ratio of 11.64 and a beta of 0.32. The stock has a 50 day moving average price of $69.00 and a two-hundred day moving average price of $77.09.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.42). John B. Sanfilippo & Son had a net margin of 4.84% and a return on equity of 14.87%. The company had revenue of $288.14 million for the quarter, compared to analysts’ expectations of $306.92 million. As a group, equities analysts expect that John B. Sanfilippo & Son, Inc. will post 5.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JBSS. Public Employees Retirement System of Ohio acquired a new stake in shares of John B. Sanfilippo & Son during the second quarter worth about $32,000. Sound Income Strategies LLC increased 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 worth $33,000 after buying an additional 243 shares during the period. Integrated Wealth Concepts LLC purchased a new position in John B. Sanfilippo & Son during the 2nd quarter worth approximately $52,000. Parallel Advisors LLC raised 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 buying an additional 327 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in John B. Sanfilippo & Son by 35.3% during the 3rd quarter. Signaturefd LLC now owns 908 shares of the company’s stock valued at $60,000 after acquiring an additional 237 shares during the period. 70.64% of the stock is owned by institutional investors and hedge funds.

About John B. Sanfilippo & Son

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.