John B. Sanfilippo & Son (NASDAQ:JBSS) Rating Increased to Strong-Buy at Wall Street Zen

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

Several other equities research analysts also recently weighed in on the stock. Zacks Research downgraded shares of John B. Sanfilippo & Son from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a research note on Monday, December 29th. Finally, BWS Financial restated a “buy” rating and issued a $109.00 price target on shares of John B. Sanfilippo & Son in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, John B. Sanfilippo & Son presently has a consensus rating of “Hold” and an average price target of $109.00.

John B. Sanfilippo & Son Price Performance

JBSS opened at $82.98 on Friday. The firm has a market cap of $970.04 million, a PE ratio of 13.85 and a beta of 0.36. The stock has a 50-day moving average price of $75.21 and a 200-day moving average price of $68.86. John B. Sanfilippo & Son has a 1 year low of $58.47 and a 1 year high of $85.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.27 and a quick ratio of 0.69.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its quarterly earnings data on Thursday, January 29th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. The business had revenue of $314.78 million during the quarter, compared to analyst estimates of $313.43 million. John B. Sanfilippo & Son had a net margin of 6.15% and a return on equity of 19.54%.

Hedge Funds Weigh In On John B. Sanfilippo & Son

A number of institutional investors and hedge funds have recently made changes to their positions in JBSS. EverSource Wealth Advisors LLC grew its position in shares of 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 valued at $26,000 after acquiring an additional 384 shares during the period. Quarry LP purchased a new position in John B. Sanfilippo & Son during the third quarter valued at $32,000. HM Payson & Co. bought a new stake in shares of John B. Sanfilippo & Son in the third quarter worth about $35,000. Leonteq Securities AG bought a new position in shares of John B. Sanfilippo & Son during the 4th quarter valued at approximately $40,000. Finally, Virtus Advisers LLC purchased a new stake in John B. Sanfilippo & Son during the third quarter valued at $42,000. Hedge funds and other institutional investors own 70.64% of the company’s stock.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc is a family‐held processor and marketer of tree nuts and snack nut products. Headquartered in Elgin, Illinois, the company operates manufacturing facilities, processing plants and sales offices across the United States and abroad. It supplies a broad range of channels, including retail, foodservice, industrial and private‐label customers.

The company’s product portfolio spans in‐shell and shelled pecans, walnuts, almonds, cashews, pistachios and peanuts, as well as mixed‐nut blends, chocolate‐covered treats, granolas and specialty snack items.