John B. Sanfilippo & Son (NASDAQ:JBSS) Sees Strong Trading Volume – Here’s Why

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) saw unusually-strong trading volume on Wednesday . Approximately 99,046 shares were traded during mid-day 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.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on JBSS shares. Weiss Ratings lowered 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 John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $109.00.

John B. Sanfilippo & Son Price Performance

The company has a quick ratio of 0.65, a current ratio of 2.30 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $78.53 and a two-hundred day moving average price of $76.36. The stock has a market capitalization of $886.22 million, a P/E ratio of 13.30 and a beta of 0.34.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued 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. John B. Sanfilippo & Son had a return on equity of 18.11% and a net margin of 5.76%.The firm had revenue of $281.78 million during the quarter, compared to the consensus estimate of $260.83 million. On average, analysts expect that John B. Sanfilippo & Son, Inc. will post 5.85 EPS 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. Stockholders of record on Monday, April 27th were issued a dividend of $1.50 per share. The ex-dividend date was Monday, April 27th. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is presently 15.79%.

Hedge Funds Weigh In On John B. Sanfilippo & Son

Several institutional investors and hedge funds have recently modified their holdings of JBSS. EverSource Wealth Advisors LLC increased its holdings in John B. Sanfilippo & Son by 1,238.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock worth $26,000 after buying an additional 384 shares in the last quarter. Quarry LP bought a new stake in John B. Sanfilippo & Son in the 3rd 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 in the last quarter. Leonteq Securities AG bought a new stake in John B. Sanfilippo & Son in the 4th quarter worth about $40,000. Finally, Virtus Advisers LLC bought a new stake in John B. Sanfilippo & Son in the 3rd quarter worth about $42,000. 70.64% of the stock is currently owned by institutional investors.

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.