John B. Sanfilippo & Son (NASDAQ:JBSS) Sets New 12-Month Low – What’s Next?

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $77.25 and last traded at $75.58, with a volume of 11941 shares changing hands. The stock had previously closed at $86.62.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

John B. Sanfilippo & Son Stock Down 13.2 %

The company has a current ratio of 2.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $87.17 and a 200-day moving average price of $91.86. The firm has a market cap of $871.95 million, a P/E ratio of 16.16 and a beta of 0.14.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $1.16 earnings per share for the quarter. John B. Sanfilippo & Son had a return on equity of 17.21% and a net margin of 4.90%.

Hedge Funds Weigh In On John B. Sanfilippo & Son

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBSS. DekaBank Deutsche Girozentrale purchased a new position in John B. Sanfilippo & Son in the third quarter valued at about $33,000. Copeland Capital Management LLC acquired a new stake in John B. Sanfilippo & Son in the third quarter worth about $39,000. nVerses Capital LLC boosted its holdings in John B. Sanfilippo & Son by 133.3% in the third quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $66,000 after acquiring an additional 400 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of John B. Sanfilippo & Son during the third quarter worth about $66,000. Finally, KBC Group NV lifted its holdings in shares of John B. Sanfilippo & Son by 118.3% during the fourth quarter. KBC Group NV now owns 775 shares of the company’s stock worth $68,000 after purchasing an additional 420 shares during the period. Hedge funds and other institutional investors own 70.64% of the company’s stock.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc engages in selling nuts and nut-related products. It offers dried fruit-based products that are sold under, Fisher Nuts, Orchard Valley Harvest, Southern Style Nuts, and Squirrel Brand. The company was founded by Gaspare Sanfilippo and John B. Sanfilippo in 1922 and is headquartered in Elgin, IL.