John B. Sanfilippo & Son (NASDAQ:JBSS) Raised to “Buy” at Wall Street Zen

John B. Sanfilippo & Son (NASDAQ:JBSS) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities analysts have also recently commented on the stock. Zacks Research raised shares of John B. Sanfilippo & Son to a “hold” rating in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a research note on Wednesday, October 8th. Finally, BWS Financial initiated coverage on shares of John B. Sanfilippo & Son in a research note on Monday, September 22nd. They issued a “buy” rating and a $109.00 price target for the company. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.00.

John B. Sanfilippo & Son Price Performance

Shares of NASDAQ:JBSS opened at $62.78 on Friday. The company has a 50 day moving average of $63.15 and a 200 day moving average of $63.87. The stock has a market cap of $730.95 million, a P/E ratio of 11.17 and a beta of 0.37. John B. Sanfilippo & Son has a 12 month low of $58.47 and a 12 month high of $91.98. The company has a current ratio of 2.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.04.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.28 by $0.31. John B. Sanfilippo & Son had a net margin of 5.84% and a return on equity of 19.17%. The company had revenue of $298.68 million during the quarter, compared to analysts’ expectations of $273.93 million.

Institutional Investors Weigh In On John B. Sanfilippo & Son

A number of hedge funds have recently made changes to their positions in JBSS. EverSource Wealth Advisors LLC lifted its holdings in shares of John B. Sanfilippo & Son by 1,238.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock worth $26,000 after acquiring an additional 384 shares during the last quarter. Costello Asset Management INC bought a new stake in John B. Sanfilippo & Son during the 1st quarter valued at $34,000. HM Payson & Co. bought a new stake in John B. Sanfilippo & Son during the 3rd quarter valued at $35,000. GAMMA Investing LLC raised its holdings in John B. Sanfilippo & Son by 95.7% during the 2nd quarter. GAMMA Investing LLC now owns 687 shares of the company’s stock valued at $43,000 after buying an additional 336 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in John B. Sanfilippo & Son by 295.3% during the 2nd quarter. Signaturefd LLC now owns 680 shares of the company’s stock valued at $43,000 after buying an additional 508 shares during the last quarter. 70.64% of the stock is currently 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.