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

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) saw unusually-strong trading volume on Monday . Approximately 47,175 shares were traded during mid-day trading, a decline of 48% from the previous session’s volume of 89,960 shares.The stock last traded at $88.56 and had previously closed at $87.17.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings raised John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Finally, Freedom Capital raised shares of John B. Sanfilippo & Son to a “hold” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $109.00.

John B. Sanfilippo & Son Stock Down 2.2%

The stock’s fifty day moving average is $79.87 and its 200 day moving average is $78.42. The company has a current ratio of 2.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $989.68 million, a P/E ratio of 14.85 and a beta of 0.32.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.27. The business had revenue of $281.78 million during the quarter, compared to analysts’ expectations 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 predict that John B. Sanfilippo & Son, Inc. will post 5.85 EPS for the current fiscal year.

Institutional Investors Weigh In On John B. Sanfilippo & Son

A number of large investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its position in John B. Sanfilippo & Son by 3.2% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in John B. Sanfilippo & Son by 4.6% during the 1st 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 during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of John B. Sanfilippo & Son during the first quarter valued at approximately $243,000. Jane Street Group LLC boosted its stake in John B. Sanfilippo & Son by 21.8% during the 1st quarter. Jane Street Group LLC now owns 17,253 shares of the company’s stock valued at $1,223,000 after purchasing an additional 3,090 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings 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 worth $435,000 after buying an additional 3,192 shares in the last quarter. Institutional investors own 70.64% of the company’s stock.

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.