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

John B. Sanfilippo & Son (NASDAQ:JBSS)‘s stock had its “buy” rating reissued by stock analysts at BWS Financial in a report released on Monday,Benzinga reports. They presently have a $109.00 target price on the stock. BWS Financial’s price objective suggests a potential upside of 38.73% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a research note on Monday, December 29th. Zacks Research downgraded shares of John B. Sanfilippo & Son from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Finally, Wall Street Zen upgraded shares of John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 9th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, John B. Sanfilippo & Son presently has an average rating of “Hold” and an average target price of $109.00.

John B. Sanfilippo & Son Trading Down 1.6%

John B. Sanfilippo & Son stock opened at $78.57 on Monday. John B. Sanfilippo & Son has a 52 week low of $58.47 and a 52 week high of $81.93. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.69 and a current ratio of 2.27. The stock has a market capitalization of $914.55 million, a P/E ratio of 13.12 and a beta of 0.36. The stock has a 50-day simple moving average of $73.32 and a 200 day simple moving average of $67.65.

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

Hedge Funds Weigh In On John B. Sanfilippo & Son

Institutional investors and hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans raised its stake in John B. Sanfilippo & Son by 5.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 969,555 shares of the company’s stock worth $62,323,000 after purchasing an additional 51,658 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of John B. Sanfilippo & Son by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 297,739 shares of the company’s stock worth $19,138,000 after purchasing an additional 1,048 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of John B. Sanfilippo & Son by 1.8% during the third quarter. Gamco Investors INC. ET AL now owns 171,525 shares of the company’s stock worth $11,026,000 after purchasing an additional 3,000 shares during the period. Ameriprise Financial Inc. raised its position in shares of John B. Sanfilippo & Son by 2.6% in the third quarter. Ameriprise Financial Inc. now owns 152,762 shares of the company’s stock valued at $9,820,000 after buying an additional 3,866 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of John B. Sanfilippo & Son by 10.7% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 151,557 shares of the company’s stock valued at $9,742,000 after buying an additional 14,607 shares during the period. 70.64% of the stock is currently owned by institutional investors and hedge funds.

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.