This report is an updated version of the report published on 24 February 2026 at 4:49 AM EST

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

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) is a processor and distributor of peanuts, pecans, cashews, walnuts, almonds and other nuts in the United States.

Recommendation Rationale – Sell at USD 83.16

• In Q2 FY 2026, JBSS witnessed a decline of 8.4% in sales volume with respect to Consumer Distribution Channel. The fall was mainly because of 7.9% decline in private brand sales as a result of lower volumes in private label bars and, to the lesser extent, nuts and trail mix.
• JBSS highlighted that changing consumer preferences as well as demand can significantly and adversely impact the financial condition of JBSS.
• Also, JBSS is subject to customer pricing pressures as well as retail consolidation trends. These can weigh over the company’s financial position.
• JBSS’ share price is trading close to its R1 level recommended on December 16, 2025. Therefore, there can be a possible decline from the specified resistance levels.

JBSS’ Daily Price Chart

JBSS Daily Technical Chart, Data Source: REFINITIV

Fundamental Valuation

P/E Based Relative Valuation

Considering the increasing volatility over global equity market, inflationary pressures, geopolitical tensions, etc. the company’s stock might trade at slight discount. For the valuation, peers such as High Liner Foods Inc and Adecoagro SA were considered.

Given its current trading levels, and risks associated, it is prudent to book profit at the current levels.

Hence, a ‘Sell’ rating has been provided on the stock at the closing price of USD 83.16 per share, up by 0.22% as on 23 February 2026.

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) is part of Kalkine’s Global Agriculture Report.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical issues prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 23 February 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.