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Relative to Consumer Staples Sector Median (N=180)
Metric
JBSS
Benchmark
P/E Ratio
12.9x
-61%
EV/EBITDA
8.8x
+27%
Price / Book
2.6x
Implied Value Audit
OVERVALUED
Implied Fair Value (vs Sector)
-34.4%
$54.14Spot: $82.48
Spot
Implied
-50% Delta+50% Delta
Relative valuation derived from Consumer Staples sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 50GRADE C+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
20.2%
Sector: 7.7%
Dividend Analysis audit
INCOME
3.46%
Trailing Yield
$3.46
Per $100 Invested
Solid dividend yield for income-focused strategies.
Est. Payout Ratio
45%SAFE
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, SANFILIPPO JOHN B & SON INC (JBSS) receives a "Buy" rating with a composite score of 54.1/100, ranked #105 out of 4446 stocks. Key factor scores: Quality 50/100, Value 57/100, Momentum 61/100. This is quantitative analysis only — not investment advice.
SANFILIPPO JOHN B & SON INC (JBSS) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does SANFILIPPO JOHN B & SON INC Do?
John B. Sanfilippo & Son, Inc., through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company 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 also offers peanut butter in various sizes and varieties; snack and trail mixes, salad toppings, snacks, snack bites, dried fruit, and chocolate and yogurt coated products; baking ingredients; bulk food products; sunflower kernels, pepitas, almond and cashew butter, candy and confections, corn snacks, chickpea snacks, sesame sticks, and other sesame snack products; and various toppings for ice cream and yogurt. In addition, the company operates a retail store. The company provides its products under the Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts, and Sunshine Country brands, as well as under various private brands. It serves retailers and wholesalers, and commercial ingredient and contract packaging customers through a network of independent brokers, distributors, and suppliers. John B. Sanfilippo & Son, Inc. was founded in 1922 and is headquartered in Elgin, Illinois. SANFILIPPO JOHN B & SON INC (JBSS) is classified as a small-cap stock in the Consumer Staples sector, specifically within the Food Products industry. The company is led by CEO Jeffrey T. Sanfilippo and employs approximately 1,300 people, headquartered in ELGIN, Illinois. With a market capitalization of $965M, JBSS is one of the notable companies in the Consumer Staples sector.
SANFILIPPO JOHN B & SON INC (JBSS) Stock Rating — Buy (April 2026)
As of April 2026, SANFILIPPO JOHN B & SON INC receives a Buy rating with a composite score of 54.1/100 and 4 out of 5 stars from the Blank Capital Research quantitative model.JBSS ranks #105 out of 4,446 stocks in our coverage universe. Within the Consumer Staples sector, SANFILIPPO JOHN B & SON INC ranks #4 of 180 stocks, placing it in the top 10% of its Consumer Staples peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
JBSS Stock Price and 52-Week Range
SANFILIPPO JOHN B & SON INC (JBSS) currently trades at $82.48. The stock lost $1.33 (1.6%) in the most recent trading session. The 52-week high for JBSS is $85.15, which means the stock is currently trading -3.1% from its annual peak. The 52-week low is $58.47, putting the stock 41.1% above its annual trough. Recent trading volume was 41K shares, suggesting relatively thin trading activity.
Is JBSS Overvalued or Undervalued? — Valuation Analysis
SANFILIPPO JOHN B & SON INC (JBSS) carries a value factor score of 57/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 12.95x, compared to the Consumer Staples sector average of 33.11x — a discount of 61%. The price-to-book ratio stands at 2.62x, versus the sector average of 1.74x. The price-to-sales ratio is 0.81x, compared to 0.35x for the average Consumer Staples stock. On an enterprise value basis, JBSS trades at 8.80x EV/EBITDA, versus 6.93x for the sector.
Overall, JBSS's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
SANFILIPPO JOHN B & SON INC Profitability — ROE, Margins, and Quality Score
SANFILIPPO JOHN B & SON INC (JBSS) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 20.2%, compared to the Consumer Staples sector average of 7.7%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 12.1% versus the sector average of 3.1%.
On a margin basis, SANFILIPPO JOHN B & SON INC reports gross margins of 19.3%, compared to 26.2% for the sector. The operating margin is 9.1% (sector: 2.9%). Net profit margin stands at 6.3%, versus 1.6% for the average Consumer Staples stock. Revenue growth is running at 14.0% on a trailing basis, compared to 3.1% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
JBSS Debt, Balance Sheet, and Financial Health
SANFILIPPO JOHN B & SON INC has a debt-to-equity ratio of 11.0%, compared to the Consumer Staples sector average of 72.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $42M. Cash and equivalents stand at $2M.
JBSS has a beta of 0.16, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for SANFILIPPO JOHN B & SON INC is 83/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
SANFILIPPO JOHN B & SON INC Revenue and Earnings History — Quarterly Trend
In TTM 2026, SANFILIPPO JOHN B & SON INC reported revenue of $1.19B and earnings per share (EPS) of $1.54. Net income for the quarter was $75M. Gross margin was 19.3%. Operating income came in at $107M.
In Q2 2025, SANFILIPPO JOHN B & SON INC reported revenue of $315M and earnings per share (EPS) of $1.54. Net income for the quarter was $18M. Gross margin was 18.8%. Operating income came in at $26M.
In Q2 2026, SANFILIPPO JOHN B & SON INC reported revenue of $315M and earnings per share (EPS) of $1.54. Net income for the quarter was $18M. Gross margin was 18.8%. Revenue grew 0.0% year-over-year compared to Q2 2025. Operating income came in at $26M.
In Q1 2026, SANFILIPPO JOHN B & SON INC reported revenue of $299M and earnings per share (EPS) of $1.60. Net income for the quarter was $19M. Gross margin was 18.1%. Revenue grew 8.1% year-over-year compared to Q1 2025. Operating income came in at $27M.
Over the past 8 quarters, SANFILIPPO JOHN B & SON INC has demonstrated a growth trajectory, with revenue expanding from $1.07B to $1.19B. Investors analyzing JBSS stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
JBSS Dividend Yield and Income Analysis
SANFILIPPO JOHN B & SON INC (JBSS) currently pays a dividend yield of 3.5%. At this yield, a $10,000 investment in JBSS stock would generate approximately $$346.00 in annual dividend income. This compares to the Consumer Staples sector average dividend yield of 0.4%, meaning JBSS offers above-average income for its sector. The net margin of 6.3% provides reasonable coverage for the dividend, though investors should monitor payout sustainability.
JBSS Momentum and Technical Analysis Profile
SANFILIPPO JOHN B & SON INC (JBSS) has a momentum factor score of 61/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 53/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 18/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
JBSS vs Competitors — Consumer Staples Sector Ranking and Peer Comparison
Comparing JBSS against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full JBSS vs S&P 500 (SPY) comparison to assess how SANFILIPPO JOHN B & SON INC stacks up against the broader market across all factor dimensions.
JBSS Next Earnings Date
No upcoming earnings date has been announced for SANFILIPPO JOHN B & SON INC (JBSS) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy JBSS? — Investment Thesis Summary
The bull case for SANFILIPPO JOHN B & SON INC rests on several quantitative strengths. Price momentum is positive at 61/100, suggesting the trend favors buyers. Low volatility (stability score 83/100) reduces downside risk.
In summary, SANFILIPPO JOHN B & SON INC (JBSS) earns a Buy rating with a composite score of 54.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on JBSS stock.
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Institutional Research Dossier
SANFILIPPO JOHN B & SON INC (JBSS) Deep Dive Analysis
Published on March 24, 2026
Action RatingBuy
Sections
Executive Summary
We maintain a Hold rating on John B. Sanfilippo & Son, Inc. (JBSS). While the company demonstrates strong profitability metrics compared to its consumer staples peers, its relatively high valuation and recent negative free cash flow raise concerns. The company's ability to sustain its growth trajectory and improve cash flow generation will be critical in justifying its current market price.
JBSS operates in a competitive industry with fluctuating input costs, making it challenging to consistently deliver superior returns. The Hold rating reflects a balanced view of the company's strengths and weaknesses, acknowledging its solid performance but also recognizing the potential headwinds it faces. Investors should closely monitor the company's ability to manage costs, maintain market share, and generate positive free cash flow before considering a more bullish stance.
Business Strategy & Overview
John B. Sanfilippo & Son, Inc. operates within the consumer staples sector, specifically focusing on the processing, packaging, and distribution of tree nuts and peanuts. The company's revenue streams are diversified across various product categories, including raw and processed nuts, peanut butter, snack mixes, and other related items. These products are sold under the company's own brands (Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts, and Sunshine Country) as well as through private label agreements with retailers.
The company's strategic positioning involves targeting both retail and wholesale channels, as well as serving commercial ingredient and contract packaging customers. This multi-channel approach allows JBSS to capture a broader market share and reduce its reliance on any single customer segment. The company utilizes a network of independent brokers, distributors, and suppliers to reach its diverse customer base, which helps to manage distribution costs and expand its geographic reach.
JBSS's product pipeline appears to be focused on expanding its existing product lines and introducing new flavors and varieties to cater to evolving consumer preferences. The company also seems to be investing in its retail store, which could serve as a testing ground for new products and a direct channel for engaging with consumers. However, detailed information on specific product development initiatives is limited.
The industry context for JBSS is characterized by intense competition from other food processors and distributors, as well as fluctuating commodity prices for nuts and peanuts. The company's ability to effectively manage its supply chain and control costs is crucial for maintaining profitability. Consumer trends towards healthier snacking options and plant-based diets could also present both opportunities and challenges for JBSS, requiring the company to adapt its product offerings and marketing strategies.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
14.0%
Sector: 3.1%
+344% VS SCTR
Economic Moat Analysis
John B. Sanfilippo & Son, Inc. likely possesses a Narrow economic moat. This assessment is based on a combination of factors, including brand recognition, established relationships with retailers, and some degree of cost advantages. However, the moat is not particularly wide due to the relatively low barriers to entry in the food processing and distribution industry and the availability of substitute products.
The company's established brands, such as Fisher and Orchard Valley Harvest, provide some degree of pricing power and customer loyalty. These brands have been around for a while and have built a reputation for quality and consistency. However, brand loyalty in the food industry can be fickle, and consumers are often willing to switch to cheaper alternatives or try new brands.
JBSS's relationships with retailers and wholesalers also contribute to its narrow moat. The company has established a network of distribution channels that allow it to reach a wide range of customers. These relationships can be difficult for new entrants to replicate, as they require building trust and demonstrating the ability to consistently deliver high-quality products.
The company may also benefit from some cost advantages due to its scale and experience in processing and distributing nuts and peanuts. However, these cost advantages are likely not significant enough to create a wide moat, as other companies in the industry also have similar scale and expertise. Furthermore, fluctuating commodity prices can erode any cost advantages that JBSS may have.
Overall, JBSS's narrow moat provides some protection against competition, but it is not impenetrable. The company needs to continue to invest in its brands, maintain its relationships with retailers, and manage its costs effectively in order to maintain its competitive position.
Financial Health & Profitability
John B. Sanfilippo & Son, Inc. demonstrates a mixed financial profile. While the company exhibits strong profitability metrics compared to its sector peers, its recent negative free cash flow and relatively high debt levels raise some concerns. Analyzing the historical data reveals both strengths and weaknesses in the company's financial performance.
The company's revenue growth has been impressive, with a 14.0% increase compared to the sector average of 4.3%. This indicates that JBSS is effectively capturing market share and expanding its business. However, it's important to assess the sustainability of this growth rate, as it may be influenced by factors such as acquisitions or temporary market conditions.
JBSS's profitability metrics, such as ROE (20.2%) and operating margin (9.1%), significantly outperform the sector averages (7.8% and 3.1%, respectively). This suggests that the company is efficiently managing its operations and generating strong returns on its investments. However, the gross margin of 19.3% is lower than the sector average of 26.0%, indicating that the company may be facing challenges in controlling its cost of goods sold.
The company's balance sheet reveals a debt-to-equity ratio of 67.00, which is slightly lower than the sector average of 70.50. While this level of leverage is not excessively high, it does indicate that the company relies on debt financing to some extent. The company's total cash balance of $2.40 million is relatively low, which could limit its flexibility to pursue growth opportunities or weather economic downturns.
The recent negative free cash flow of $-20.52 million is a significant concern. This indicates that the company is not generating enough cash from its operations to cover its capital expenditures and other cash outflows. It's crucial to understand the reasons for this negative cash flow and assess whether it is a temporary issue or a sign of underlying problems. The quarterly financial history does not provide enough data to determine the cause of the negative free cash flow. The current ratio is not available, which limits the ability to assess the company's short-term liquidity.
Valuation Assessment
John B. Sanfilippo & Son, Inc. appears to be richly valued compared to its sector peers and its own historical performance. The company's P/E ratio of 48.3x is significantly higher than the sector average of 34.2x, suggesting that investors are paying a premium for its earnings. Similarly, its EV/EBITDA ratio of 8.4x is higher than the sector average of 7.3x, indicating that the company is also more expensive on an enterprise value basis.
The high valuation multiples could be justified if the company were growing at a significantly faster rate than its peers or if it had a much stronger competitive position. However, while JBSS's revenue growth is higher than the sector average, it's not clear that this growth is sustainable or that it warrants such a high premium. The company's narrow economic moat also suggests that its competitive position is not significantly stronger than its peers.
The recent negative free cash flow further complicates the valuation picture. A company with negative free cash flow is typically valued at a lower multiple than a company with positive free cash flow, as it indicates that the company is not generating enough cash to fund its operations and growth. The lack of historical free cash flow data in the provided quarterly financials makes it difficult to assess the long-term trend and its impact on valuation.
Given the high valuation multiples and the recent negative free cash flow, the stock appears to be overvalued at its current market price. Investors may be expecting too much from the company in terms of future growth and profitability. A more conservative valuation approach would be warranted, taking into account the company's risks and uncertainties.
It is important to note that valuation is subjective and depends on various assumptions and estimates. Different investors may have different views on the appropriate valuation for JBSS based on their own investment objectives and risk tolerance. However, based on the available data, it appears that the stock is currently trading at a premium to its intrinsic value.
Risk & Uncertainty
John B. Sanfilippo & Son, Inc. faces several specific risks that could negatively impact its business and financial performance. These risks include commodity price volatility, intense competition, customer concentration, and potential supply chain disruptions.
The company's profitability is highly dependent on the prices of nuts and peanuts, which are subject to significant fluctuations due to weather conditions, global supply and demand dynamics, and other factors. A sudden increase in commodity prices could erode the company's gross margins and reduce its profitability. The company attempts to mitigate this risk through hedging strategies and long-term supply contracts, but these measures may not fully protect it from price volatility.
The food processing and distribution industry is highly competitive, with numerous companies vying for market share. JBSS faces competition from both large, established players and smaller, regional companies. Increased competition could lead to price wars, reduced margins, and loss of market share. The company needs to continuously innovate and differentiate its products in order to maintain its competitive position.
The company's customer base is relatively concentrated, with a significant portion of its revenue derived from a small number of large retailers. The loss of one or more of these key customers could have a material adverse impact on the company's revenue and profitability. The company needs to diversify its customer base and strengthen its relationships with existing customers in order to mitigate this risk.
Supply chain disruptions, such as those caused by natural disasters, labor disputes, or geopolitical events, could also negatively impact the company's business. These disruptions could lead to shortages of raw materials, increased costs, and delays in production and distribution. The company needs to have robust contingency plans in place to mitigate the impact of potential supply chain disruptions.
Bulls Say / Bears Say
The Bull Case
BULL VIEWJBSS's strong ROE and operating margins, significantly exceeding sector averages, demonstrate superior operational efficiency and profitability.
BULL VIEWThe company's impressive revenue growth of 14.0% signals effective market penetration and increasing consumer demand for its products.
BULL VIEWJBSS's established brands and distribution network provide a solid foundation for continued growth and market leadership in the nut and snack industry.
The Bear Case
BEAR VIEWJBSS's high P/E ratio suggests the stock is overvalued, making it vulnerable to a correction if growth expectations are not met.
BEAR VIEWThe recent negative free cash flow raises concerns about the company's ability to fund its operations and growth without additional debt.
BEAR VIEWJBSS's relatively low gross margin compared to the sector indicates potential cost pressures and limited pricing power.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score JBSS and 4,400+ other equities.
SANFILIPPO JOHN B & SON INC exhibits a 36% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
12.1%
Sector: 3.1%
Gross Margin
Pricing power and cost efficiency
19.3%
Sector: 26.2%
Operating Margin
Core business profitability
9.1%
Sector: 2.9%
Net Margin
Bottom-line profitability
6.3%
Sector: 1.6%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield0.38%
Yield Delta+811%
Income Projection audit
A $10,000 investment would generate approximately $346 annually in dividends at the current trailing rate.
