John B. Sanfilippo & Son (NASDAQ:JBSS) Stock Rating Lowered by Wall Street Zen

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

Other analysts also recently issued reports about the stock. Freedom Capital upgraded shares of John B. Sanfilippo & Son to a “hold” rating in a research report on Tuesday. Weiss Ratings upgraded shares of John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Stock Performance

NASDAQ:JBSS opened at $90.60 on Friday. The company has a current ratio of 2.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.10. John B. Sanfilippo & Son has a 1-year low of $59.07 and a 1-year high of $90.89. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 15.89 and a beta of 0.32. The business’s 50-day moving average price is $78.84 and its two-hundred day moving average price is $77.79.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.27. The company had revenue of $281.78 million during the quarter, compared to analyst estimates of $260.82 million. John B. Sanfilippo & Son had a return on equity of 18.11% and a net margin of 5.76%. On average, equities analysts expect that John B. Sanfilippo & Son will post 5.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its stake in John B. Sanfilippo & Son by 260.9% in the second quarter. Ameriprise Financial Inc. now owns 148,896 shares of the company’s stock valued at $9,416,000 after acquiring an additional 107,637 shares during the period. Invenomic Capital Management LP increased its holdings in shares of John B. Sanfilippo & Son by 161.6% in the fourth quarter. Invenomic Capital Management LP now owns 77,474 shares of the company’s stock worth $5,470,000 after acquiring an additional 47,864 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of John B. Sanfilippo & Son by 22.8% in the fourth quarter. Deutsche Bank AG now owns 256,526 shares of the company’s stock worth $18,111,000 after acquiring an additional 47,559 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of John B. Sanfilippo & Son by 77.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 100,329 shares of the company’s stock worth $7,083,000 after purchasing an additional 43,902 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in shares of John B. Sanfilippo & Son by 96.3% during the second quarter. Qube Research & Technologies Ltd now owns 80,173 shares of the company’s stock worth $5,070,000 after purchasing an additional 39,336 shares during the period. 70.64% of the stock is currently owned by institutional investors.

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.