John B. Sanfilippo & Son (NASDAQ:JBSS) Now Covered by Analysts at BWS Financial

BWS Financial assumed coverage on shares of John B. Sanfilippo & Son (NASDAQ:JBSS) in a research note released on Monday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $109.00 price target on the stock.

John B. Sanfilippo & Son Stock Performance

Shares of JBSS stock opened at $64.25 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 0.59. The stock has a market cap of $747.87 million, a PE ratio of 12.77 and a beta of 0.39. The stock has a 50-day moving average of $64.59 and a 200-day moving average of $65.30. John B. Sanfilippo & Son has a one year low of $58.47 and a one year high of $97.47.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings results on Wednesday, August 20th. The company reported $1.15 EPS for the quarter. The company had revenue of $269.08 million during the quarter. John B. Sanfilippo & Son had a return on equity of 17.54% and a net margin of 5.32%.

John B. Sanfilippo & Son Cuts Dividend

The business also recently declared a special dividend, which was paid on Thursday, September 11th. Stockholders of record on Tuesday, August 19th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a dividend yield of 130.0%. John B. Sanfilippo & Son’s dividend payout ratio is 17.89%.

Institutional Trading of John B. Sanfilippo & Son

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in John B. Sanfilippo & Son by 1,238.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock worth $26,000 after purchasing an additional 384 shares in the last quarter. Costello Asset Management INC bought a new stake in John B. Sanfilippo & Son during the 1st quarter worth approximately $34,000. Signaturefd LLC increased its stake in John B. Sanfilippo & Son by 295.3% during the 2nd quarter. Signaturefd LLC now owns 680 shares of the company’s stock worth $43,000 after purchasing an additional 508 shares in the last quarter. GAMMA Investing LLC increased its stake in John B. Sanfilippo & Son by 95.7% during the 2nd quarter. GAMMA Investing LLC now owns 687 shares of the company’s stock worth $43,000 after purchasing an additional 336 shares in the last quarter. Finally, State of Wyoming bought a new stake in John B. Sanfilippo & Son during the 1st quarter worth approximately $55,000. 70.64% of the stock is owned by institutional investors.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc engages in the processing and distribution of nuts and nut-related products. It offers peanuts, pecans, cashews, walnuts, almonds, and other nuts under the brands of Fisher, Orchard Valley Harvest, Squirrel Brand, and Southern Style Nuts. The company was founded by Gaspare Sanfilippo and John B.