John B. Sanfilippo & Son (NASDAQ:JBSS) Reaches New 1-Year High – Still a Buy?

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $88.93 and last traded at $88.2740, with a volume of 1238 shares changing hands. The stock had previously closed at $88.20.

Wall Street Analyst Weigh In

JBSS has been the topic of a number of recent research reports. Freedom Capital raised John B. Sanfilippo & Son to a “hold” rating in a research report on Tuesday. Weiss Ratings raised John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Wall Street Zen cut shares of 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 three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $109.00.

John B. Sanfilippo & Son Trading Up 0.4%

The company has a debt-to-equity ratio of 0.10, a current ratio of 2.30 and a quick ratio of 0.65. The business has a 50-day moving average of $78.44 and a 200-day moving average of $77.59. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 15.53 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 EPS 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 analysts’ expectations of $260.82 million. Research analysts anticipate that John B. Sanfilippo & Son, Inc. will post 5.85 EPS for the current year.

Hedge Funds Weigh In On John B. Sanfilippo & Son

Hedge funds and other institutional investors have recently made changes to their positions in the company. Maxi Investments CY Ltd acquired a new position in shares of John B. Sanfilippo & Son during the 4th quarter worth about $1,134,000. Dean Capital Management raised its holdings in shares of John B. Sanfilippo & Son by 163.3% in the 3rd quarter. Dean Capital Management now owns 35,657 shares of the company’s stock valued at $2,292,000 after purchasing an additional 22,117 shares during the period. Invenomic Capital Management LP acquired a new stake in John B. Sanfilippo & Son in the 3rd quarter valued at about $1,903,000. Gamco Investors INC. ET AL lifted its stake in John B. Sanfilippo & Son by 19.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company’s stock valued at $14,425,000 after purchasing an additional 32,800 shares during the last quarter. Finally, Horizon Investments LLC acquired a new position in John B. Sanfilippo & Son during the fourth quarter worth approximately $586,000. 70.64% of the stock is 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.