John B. Sanfilippo & Son, Inc. (JBSS) Formed a Bearish Double Bottom, Could Be One of The Worst Performers Going Forward

May 22, 2018 - By Hazel Jackson

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Logo

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.56, from 1.44 in 2017Q3. It fall, as 10 investors sold John B. Sanfilippo & Son, Inc. shares while 49 reduced holdings. 19 funds opened positions while 33 raised stakes. 7.82 million shares or 4.04% less from 8.15 million shares in 2017Q3 were reported.
Assetmark has invested 0% in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS). Asset Mgmt reported 509 shares. Ahl Partners Limited Liability Partnership reported 15,599 shares. Sector Pension Inv Board owns 5,522 shares. Bessemer Incorporated has 12,300 shares for 0% of their portfolio. Moreover, Us Financial Bank De has 0% invested in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS). 3,100 are owned by Fuller Thaler Asset Mgmt. Victory Mngmt Inc reported 12,553 shares stake. Bnp Paribas Arbitrage Sa accumulated 4,192 shares. Earnest Partners Limited Co holds 900 shares. Millennium Limited Liability Co has 0% invested in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS). The New York-based Tower Rech Capital Ltd Liability Com (Trc) has invested 0% in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS). Jpmorgan Chase & accumulated 15,453 shares. Gabelli Funds Llc invested in 5,400 shares or 0% of the stock. Morgan Stanley holds 0% or 100,861 shares.

Since February 27, 2018, it had 0 insider purchases, and 2 insider sales for $520,190 activity. Shares for $134,550 were sold by Fordonski Thomas J.

The chart of John B. Sanfilippo & Son, Inc. (JBSS) shows a double bottom with $63.85 target or 5.00 % below today’s $67.21 share price. The 7 months chart pattern indicates high risk for the $762.50 million company. It was reported on May, 22 by Finviz.com. If the $63.85 price target is reached, the company will be worth $38.12M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.78% or $0.52 during the last trading session, reaching $67.21. About 35,860 shares traded. John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) has declined 15.71% since May 22, 2017 and is downtrending. It has underperformed by 27.26% the S&P500.

More recent John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) news were published by: Businesswire.com which released: “John B. Sanfilippo & Son, Inc. Third Quarter Diluted EPS Increased by 35.9% to a third quarter record of $0.75 per share” on May 03, 2018. Also Globenewswire.com published the news titled: “John B. Sanfilippo & Son, Inc. 3rd Quarter Fiscal 2018 Operating Results Conference Call” on April 27, 2018. Seekingalpha.com‘s news article titled: “John B. Sanfilippo & Son’s (JBSS) CEO Jeffrey Sanfilippo on Q3 2018 Results – Earnings Call Transcript” with publication date: May 06, 2018 was also an interesting one.

John B. Sanfilippo & Son, Inc., together with its subsidiaries, processes and distributes tree nuts and peanuts in the United States. The company has market cap of $762.50 million. 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. It has a 24.6 P/E ratio. The firm also offers peanut butter in various sizes and varieties; food and snack products, such as snack mixes, salad toppings, snacks, snack bites, trail mixes, dried fruit, and chocolate and yogurt coated products; baking ingredients; bulk food products; sunflower kernels, pepitas, almond butter, cashew butter, candy and confections, corn snacks, sesame sticks, and other sesame snack products; and various toppings for ice cream and yogurt.

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Institutional Positions Chart

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