John B. Sanfilippo & Son (NASDAQ:JBSS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a buy rating to a strong-buy rating in a research note released on Saturday.

JBSS has been the subject of several other research reports. BWS Financial reaffirmed a “buy” rating and issued a $109.00 target price on shares of John B. Sanfilippo & Son in a research report on Monday, February 2nd. 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 research note on Friday, January 2nd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $109.00.

John B. Sanfilippo & Son Price Performance

John B. Sanfilippo & Son stock opened at $83.16 on Friday. The firm has a fifty day moving average of $75.33 and a 200-day moving average of $69.08. John B. Sanfilippo & Son has a 52-week low of $58.47 and a 52-week high of $85.15. The company has a quick ratio of 0.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $972.14 million, a P/E ratio of 13.88 and a beta of 0.36.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings results on Thursday, January 29th. The company reported $1.53 earnings per share 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 analysts’ expectations of $313.43 million.

Institutional Investors Weigh In On John B. Sanfilippo & Son

A number of institutional investors have recently modified their holdings of JBSS. Ameriprise Financial Inc. lifted its position in shares of John B. Sanfilippo & Son by 260.9% during the second quarter. Ameriprise Financial Inc. now owns 148,896 shares of the company’s stock worth $9,416,000 after purchasing an additional 107,637 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in John B. Sanfilippo & Son by 5.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 969,555 shares of the company’s stock worth $62,323,000 after buying an additional 51,658 shares during the last quarter. Invenomic Capital Management LP lifted its holdings in John B. Sanfilippo & Son by 161.6% during the 4th quarter. Invenomic Capital Management LP now owns 77,474 shares of the company’s stock worth $5,470,000 after buying an additional 47,864 shares during the last quarter. Deutsche Bank AG grew its position in shares of John B. Sanfilippo & Son by 22.8% in the 4th 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. Finally, Heartland Advisors Inc. increased its holdings in shares of John B. Sanfilippo & Son by 450.0% in the 3rd quarter. Heartland Advisors Inc. now owns 55,000 shares of the company’s stock valued at $3,535,000 after acquiring an additional 45,000 shares during the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.

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.