John B. Sanfilippo & Son (NASDAQ:JBSS) Lifted to Buy at StockNews.com

John B. Sanfilippo & Son (NASDAQ:JBSS – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

JBSS stock opened at $75.56 on Friday. John B. Sanfilippo & Son has a 52-week low of $71.31 and a 52-week high of $94.97. The company has a quick ratio of 0.53, a current ratio of 1.98 and a debt-to-equity ratio of 0.03. The stock has a market cap of $870.90 million, a price-to-earnings ratio of 15.45 and a beta of 0.28. The business has a fifty day moving average of $79.86 and a two-hundred day moving average of $82.91.

John B. Sanfilippo & Son (NASDAQ:JBSS – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $1.02 earnings per share (EPS) for the quarter, topping 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. Captrust Financial Advisors raised its holdings in shares of John B. Sanfilippo & Son by 301.9% in the 1st quarter. Captrust Financial Advisors now owns 426 shares of the company’s stock valued at $36,000 after buying an additional 320 shares during the period. Signaturefd LLC increased its stake in John B. Sanfilippo & Son by 190.1% during the first quarter. Signaturefd LLC now owns 673 shares of the company’s stock worth $56,000 after purchasing an additional 441 shares during the period. Advisor Group Holdings Inc. lifted its position in shares of John B. Sanfilippo & Son by 95.2% during the third quarter. Advisor Group Holdings Inc. now owns 1,015 shares of the company’s stock worth $83,000 after purchasing an additional 495 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of John B. Sanfilippo & Son by 19.9% during the fourth quarter. Lazard Asset Management LLC now owns 1,019 shares of the company’s stock worth $91,000 after purchasing an additional 169 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of John B. Sanfilippo & Son by 244.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,307 shares of the company’s stock valued at $108,000 after purchasing an additional 928 shares during the period. Institutional investors and hedge funds 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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