John B. Sanfilippo & Son (NASDAQ:JBSS) Given Buy Rating at BWS Financial

BWS Financial reissued their buy rating on shares of John B. Sanfilippo & Son (NASDAQ:JBSS) in a report published on Monday,Benzinga reports. They currently have a $109.00 target price on the stock.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen raised shares of John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a research report on Monday, December 29th. Finally, Zacks Research downgraded John B. Sanfilippo & Son from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, John B. Sanfilippo & Son has a consensus rating of “Hold” and an average target price of $109.00.

John B. Sanfilippo & Son Stock Performance

NASDAQ JBSS opened at $79.88 on Monday. The firm has a market capitalization of $929.80 million, a P/E ratio of 13.34 and a beta of 0.36. John B. Sanfilippo & Son has a 1-year low of $58.47 and a 1-year high of $81.93. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.27 and a quick ratio of 0.69. The business’s 50-day simple moving average is $73.20 and its 200-day simple moving average is $67.56.

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

Institutional Investors Weigh In On John B. Sanfilippo & Son

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBSS. EverSource Wealth Advisors LLC boosted its position in 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 valued at $26,000 after buying an additional 384 shares during the last quarter. Quarry LP acquired a new position in shares of John B. Sanfilippo & Son in the third quarter worth about $32,000. HM Payson & Co. acquired a new position in shares of John B. Sanfilippo & Son in the third quarter worth about $35,000. Virtus Advisers LLC purchased a new position in John B. Sanfilippo & Son in the third quarter valued at about $42,000. Finally, Signaturefd LLC grew 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 valued at $43,000 after purchasing an additional 508 shares in the last quarter. 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.