What’s Next for John B. Sanfilippo & Son, Inc. (JBSS) After Forming Bearish Double Bottom Chart Pattern?

May 17, 2018 - By Larry Park

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 dived, 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.
Moreover, Tower Research Ltd Liability Com (Trc) has 0% invested in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) for 340 shares. Invesco Limited invested in 0% or 84,608 shares. Us Natl Bank De holds 0% or 2,880 shares in its portfolio. 5,400 are held by Gabelli Funds Ltd. Sector Pension Investment Board reported 5,522 shares. Employees Retirement Association Of Colorado reported 145,753 shares. Moreover, Seizert Capital Prtnrs Ltd Liability has 0.01% invested in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS). 1.14M were accumulated by Blackrock. Dimensional Fund Advisors Lp invested 0.02% in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS). Hancock Holdings reported 0.05% of its portfolio in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS). Price T Rowe Assocs Inc Md stated it has 233,306 shares. Millennium Mngmt Limited Com accumulated 45,664 shares or 0% of the stock. Parallax Volatility Advisers Lp owns 1,302 shares for 0% of their portfolio. Cambridge Investment Research Advisors has invested 0% in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS). Franklin Resource Incorporated holds 25,042 shares or 0% of its portfolio.

Since February 27, 2018, it had 0 buys, and 2 insider sales for $520,190 activity. Fordonski Thomas J had sold 2,300 shares worth $134,550 on Tuesday, February 27.

The chart of John B. Sanfilippo & Son, Inc. (JBSS) shows a double bottom with $64.44 target or 4.00 % below today’s $67.12 share price. The 8 months chart pattern indicates high risk for the $761.48M company. It was reported on May, 17 by Finviz.com. If the $64.44 price target is reached, the company will be worth $30.46 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.87% or $1.23 during the last trading session, reaching $67.12. About 26,282 shares traded. John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) has declined 15.71% since May 17, 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: Seekingalpha.com which released: “John B. Sanfilippo & Son’s (JBSS) CEO Jeffrey Sanfilippo on Q3 2018 Results – Earnings Call Transcript” on May 06, 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. Businesswire.com‘s news article titled: “John B. Sanfilippo & Son, Inc. Third Quarter Diluted EPS Increased by 35.9% to a third quarter record of $0.75 per share” with publication date: May 03, 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 $761.48 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 24.57 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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