John B. Sanfilippo & Son (NASDAQ:JBSS) Receives “Buy” Rating from BWS Financial

BWS Financial reaffirmed their buy rating on shares of John B. Sanfilippo & Son (NASDAQ:JBSS) in a report published on Monday morning,Benzinga reports. The brokerage currently has a $109.00 price objective on the stock.

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 report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised John B. Sanfilippo & Son from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, John B. Sanfilippo & Son has a consensus rating of “Hold” and a consensus price target of $109.00.

John B. Sanfilippo & Son Stock Up 2.1%

Shares of NASDAQ:JBSS opened at $64.08 on Monday. John B. Sanfilippo & Son has a fifty-two week low of $58.47 and a fifty-two week high of $91.98. The stock has a market cap of $746.08 million, a price-to-earnings ratio of 11.40 and a beta of 0.37. The company has a quick ratio of 0.59, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average price is $63.12 and its 200 day moving average price is $63.79.

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

John B. Sanfilippo & Son Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, December 1st. John B. Sanfilippo & Son’s payout ratio is currently 16.01%.

Institutional Investors Weigh In On John B. Sanfilippo & Son

Several institutional investors have recently made changes to their positions in the stock. SageView Advisory Group LLC boosted its position in shares of John B. Sanfilippo & Son by 3.5% during the 1st quarter. SageView Advisory Group LLC now owns 4,967 shares of the company’s stock worth $352,000 after purchasing an additional 169 shares in the last quarter. Inspire Investing LLC boosted its position in shares of John B. Sanfilippo & Son by 4.1% during the 1st quarter. Inspire Investing LLC now owns 4,815 shares of the company’s stock worth $341,000 after purchasing an additional 188 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in shares of John B. Sanfilippo & Son by 6.7% during the 3rd quarter. Central Pacific Bank Trust Division now owns 3,200 shares of the company’s stock worth $206,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of John B. Sanfilippo & Son by 30.0% during the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock worth $57,000 after purchasing an additional 206 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of John B. Sanfilippo & Son by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,336 shares of the company’s stock worth $378,000 after purchasing an additional 234 shares in the last quarter. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

John B. Sanfilippo & Son Company Profile

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.