John B. Sanfilippo & Son (NASDAQ:JBSS) Upgraded by Wall Street Zen to “Buy” Rating

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

JBSS has been the subject of a number of other research reports. Freedom Capital upgraded shares of John B. Sanfilippo & Son to a “hold” rating in a research note on Tuesday, June 30th. Weiss Ratings upgraded shares of John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $109.00.

John B. Sanfilippo & Son Stock Performance

JBSS opened at $81.19 on Friday. The company has a market capitalization of $949.11 million, a price-to-earnings ratio of 14.24 and a beta of 0.32. The business’s 50-day moving average price is $80.61 and its two-hundred day moving average price is $78.93. John B. Sanfilippo & Son has a 1 year low of $59.07 and a 1 year high of $92.08. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.30 and a quick ratio of 0.65.

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

Institutional Investors Weigh In On John B. Sanfilippo & Son

Several hedge funds have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund raised its position in John B. Sanfilippo & Son by 4.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 4,907 shares of the company’s stock worth $389,000 after purchasing an additional 220 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of John B. Sanfilippo & Son by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,336 shares of the company’s stock valued at $378,000 after buying an additional 234 shares during the period. Sound Income Strategies LLC raised its holdings in John B. Sanfilippo & Son by 150.9% during the 1st quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock worth $33,000 after purchasing an additional 243 shares during the last quarter. First Trust Advisors LP raised its stake in John B. Sanfilippo & Son by 0.9% during the first quarter. First Trust Advisors LP now owns 29,520 shares of the company’s stock worth $2,342,000 after buying an additional 272 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of John B. Sanfilippo & Son by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 101,226 shares of the company’s stock worth $8,030,000 after acquiring an additional 282 shares in the last quarter. 70.64% of the stock is currently owned by institutional investors and hedge funds.

About John B. Sanfilippo & Son

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.