John B. Sanfilippo & Son, Inc. (JBSS) Given Consensus Recommendation of “Hold” by Analysts

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also given John B. Sanfilippo & Son an industry rank of 209 out of 255 based on the ratings given to its competitors.

JBSS has been the subject of a number of recent research reports. BidaskClub raised John B. Sanfilippo & Son from a “sell” rating to a “hold” rating in a research report on Friday, March 30th. ValuEngine downgraded John B. Sanfilippo & Son from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd.

NASDAQ:JBSS traded down $0.10 during trading hours on Friday, reaching $77.99. The stock had a trading volume of 28,518 shares, compared to its average volume of 63,590. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.95 and a quick ratio of 0.56. John B. Sanfilippo & Son has a 12-month low of $54.32 and a 12-month high of $78.74. The company has a market capitalization of $879.24 million, a P/E ratio of 26.45 and a beta of 1.09.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its earnings results on Friday, May 4th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.05. John B. Sanfilippo & Son had a return on equity of 14.65% and a net margin of 3.82%. The business had revenue of $203.18 million during the quarter.

The business also recently declared an annual dividend, which will be paid on Friday, August 17th. Stockholders of record on Friday, August 3rd will be issued a $0.55 dividend. This is a positive change from John B. Sanfilippo & Son’s previous annual dividend of $0.50. This represents a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 2nd.

In other news, Director Timothy R. Donovan sold 5,908 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $65.27, for a total value of $385,615.16. Following the completion of the transaction, the director now directly owns 12,012 shares of the company’s stock, valued at $784,023.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James A. Valentine sold 6,160 shares of the firm’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $68.00, for a total value of $418,880.00. Following the completion of the transaction, the insider now directly owns 10,665 shares of the company’s stock, valued at $725,220. The disclosure for this sale can be found here. 22.09% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of John B. Sanfilippo & Son by 1.7% in the fourth quarter. BlackRock Inc. now owns 1,141,567 shares of the company’s stock worth $72,205,000 after acquiring an additional 19,192 shares during the period. Prudential Financial Inc. boosted its stake in John B. Sanfilippo & Son by 86.8% during the first quarter. Prudential Financial Inc. now owns 30,060 shares of the company’s stock valued at $1,739,000 after buying an additional 13,970 shares during the period. Wells Fargo & Company MN boosted its stake in John B. Sanfilippo & Son by 13.4% during the fourth quarter. Wells Fargo & Company MN now owns 67,171 shares of the company’s stock valued at $4,248,000 after buying an additional 7,918 shares during the period. Goldman Sachs Group Inc. boosted its stake in John B. Sanfilippo & Son by 6.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 49,807 shares of the company’s stock valued at $3,151,000 after buying an additional 3,228 shares during the period. Finally, Royal Bank of Canada boosted its stake in John B. Sanfilippo & Son by 3.8% during the first quarter. Royal Bank of Canada now owns 105,048 shares of the company’s stock valued at $6,079,000 after buying an additional 3,833 shares during the period. 67.45% of the stock is owned by hedge funds and other institutional investors.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc, together with its subsidiaries, processes and distributes tree nuts and peanuts in the United States. It offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.

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