John B. Sanfilippo & Son (NASDAQ:JBSS) Shares Gap Up – Still a Buy?

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) gapped up prior to trading on Wednesday . The stock had previously closed at $71.89, but opened at $75.10. John B. Sanfilippo & Son shares last traded at $72.34, with a volume of 3,240 shares trading hands.

Wall Street Analysts Forecast Growth

JBSS has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a report on Monday. BWS Financial reaffirmed 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. Wall Street Zen upgraded shares of John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 9th. Finally, Zacks Research raised shares of John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, John B. Sanfilippo & Son currently has an average rating of “Buy” and a consensus price target of $109.00.

John B. Sanfilippo & Son Stock Up 0.9%

The firm has a market cap of $844.71 million, a P/E ratio of 12.91 and a beta of 0.37. The firm’s fifty day moving average is $68.72 and its 200 day moving average is $65.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 2.44.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its earnings results on Wednesday, October 29th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.28 by $0.31. John B. Sanfilippo & Son had a net margin of 5.84% and a return on equity of 18.92%. The company had revenue of $298.68 million for the quarter, compared to analysts’ expectations of $273.93 million.

John B. Sanfilippo & Son Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, December 1st. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is currently 16.01%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its holdings in John B. Sanfilippo & Son by 34.2% in the first quarter. Advisors Asset Management Inc. now owns 11,405 shares of the company’s stock worth $808,000 after purchasing an additional 2,905 shares in the last quarter. XTX Topco Ltd grew its position in shares of John B. Sanfilippo & Son by 27.9% during the 2nd quarter. XTX Topco Ltd now owns 12,063 shares of the company’s stock worth $763,000 after buying an additional 2,634 shares during the period. Creative Planning acquired a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter worth approximately $2,033,000. Signaturefd LLC increased its stake in shares of John B. Sanfilippo & Son by 295.3% in the 2nd quarter. Signaturefd LLC now owns 680 shares of the company’s stock valued at $43,000 after acquiring an additional 508 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of John B. Sanfilippo & Son by 95.7% during the 2nd quarter. GAMMA Investing LLC now owns 687 shares of the company’s stock valued at $43,000 after acquiring an additional 336 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.