John B. Sanfilippo & Son (NASDAQ:JBSS) Downgraded by StockNews.com to “Buy”

John B. Sanfilippo & Son (NASDAQ:JBSS – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

Shares of NASDAQ:JBSS opened at $73.45 on Tuesday. John B. Sanfilippo & Son has a one year low of $72.64 and a one year high of $94.97. The firm’s fifty day moving average is $82.03. The firm has a market cap of $846.58 million, a P/E ratio of 15.02 and a beta of 0.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.98 and a quick ratio of 0.53.

John B. Sanfilippo & Son (NASDAQ:JBSS – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.03. John B. Sanfilippo & Son had a return on equity of 22.69% and a net margin of 6.27%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBSS. Signaturefd LLC lifted its holdings in shares of John B. Sanfilippo & Son by 190.1% in the first quarter. Signaturefd LLC now owns 673 shares of the company’s stock valued at $56,000 after purchasing an additional 441 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in shares of John B. Sanfilippo & Son by 95.2% in the third quarter. Advisor Group Holdings Inc. now owns 1,015 shares of the company’s stock worth $83,000 after acquiring an additional 495 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of John B. Sanfilippo & Son by 19.9% in the fourth quarter. Lazard Asset Management LLC now owns 1,019 shares of the company’s stock worth $91,000 after acquiring an additional 169 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of John B. Sanfilippo & Son in the first quarter worth $117,000. Finally, Parallel Advisors LLC increased its stake in shares of John B. Sanfilippo & Son by 26.5% in the first quarter. Parallel Advisors LLC now owns 1,635 shares of the company’s stock worth $135,000 after acquiring an additional 342 shares during the last quarter. Institutional investors own 68.67% of the company’s stock.

John B. Sanfilippo & Son Company Profile (Get Rating)

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.

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