Wall Street Zen Downgrades John B. Sanfilippo & Son (NASDAQ:JBSS) to Hold

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

Several other brokerages have also recently weighed in on JBSS. Freedom Capital upgraded 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 equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, John B. Sanfilippo & Son currently has a consensus rating of “Hold” and an average target price of $109.00.

John B. Sanfilippo & Son Price Performance

Shares of NASDAQ:JBSS opened at $83.16 on Friday. The business’s 50 day moving average is $82.18 and its 200 day moving average is $79.83. John B. Sanfilippo & Son has a 12-month low of $59.07 and a 12-month high of $92.08. The stock has a market cap of $972.14 million, a price-to-earnings ratio of 14.59 and a beta of 0.32. The company has a quick ratio of 0.65, a current ratio of 2.30 and a debt-to-equity ratio of 0.10.

Institutional Trading of John B. Sanfilippo & Son

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