John B. Sanfilippo & Son (NASDAQ:JBSS) Rating Lowered to Strong Sell at Zacks Research

John B. Sanfilippo & Son (NASDAQ:JBSS) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Other equities research analysts have also recently issued research reports about the stock. Freedom Capital raised shares of John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. BWS Financial reissued a “buy” rating and issued a $109.00 target price on shares of John B. Sanfilippo & Son in a report on Wednesday. Wall Street Zen cut shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of John B. Sanfilippo & Son in a report on Tuesday, September 8th. Finally, Freedom Broker upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and reduced their price target for the stock from $95.00 to $91.00 in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

John B. Sanfilippo & Son Stock Performance

NASDAQ:JBSS opened at $68.52 on Thursday. The stock has a fifty day moving average price of $75.42 and a 200-day moving average price of $78.34. The company has a market cap of $801.00 million, a price-to-earnings ratio of 13.03 and a beta of 0.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 2.08. John B. Sanfilippo & Son has a fifty-two week low of $59.07 and a fifty-two week high of $92.08.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its earnings results on Wednesday, August 19th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.46). John B. Sanfilippo & Son had a return on equity of 16.51% and a net margin of 5.27%.The company had revenue of $280.43 million for the quarter, compared to analyst estimates of $274.87 million. As a group, equities analysts anticipate that John B. Sanfilippo & Son will post 5.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in John B. Sanfilippo & Son in the 2nd quarter valued at approximately $32,000. Sound Income Strategies LLC grew its stake in shares of 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 buying an additional 243 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of John B. Sanfilippo & Son during the second quarter worth $52,000. Parallel Advisors LLC grew its stake in shares of John B. Sanfilippo & Son by 66.1% during the first quarter. Parallel Advisors LLC now owns 822 shares of the company’s stock worth $65,000 after buying an additional 327 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of John B. Sanfilippo & Son during the first quarter worth $135,000. Institutional investors own 70.64% of the company’s stock.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc is a food company that processes, packages, markets and distributes tree nuts, peanuts and related snack products. Its offerings include roasted and salted nuts, trail mixes, nut-based snacks, baking ingredients and other packaged foods sold through retail, food-service and industrial channels.

The company markets products under brands including Fisher, Orchard Valley Harvest, Sunshine Country and Squirrel Brand, while also producing private-label products for retailers and food manufacturers.