John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Stock Has Average Price Target of $100.00

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $100.00.

Several equities research analysts have recently commented on JBSS shares. Freedom Capital raised John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Freedom Broker upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and lowered their target price for the stock from $95.00 to $91.00 in a report on Thursday, August 20th. Wall Street Zen lowered shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. BWS Financial reaffirmed a “buy” rating and set a $109.00 price target on shares of John B. Sanfilippo & Son in a research report on Wednesday, September 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research note on Tuesday, September 8th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JBSS. Bank of New York Mellon Corp bought a new position in shares of John B. Sanfilippo & Son during the second quarter worth approximately $9,083,000. 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 purchasing an additional 47,864 shares during the last quarter. Inspire Investing LLC lifted its holdings in John B. Sanfilippo & Son by 316.1% during the 1st quarter. Inspire Investing LLC now owns 27,589 shares of the company’s stock worth $2,189,000 after purchasing an additional 20,958 shares during the last quarter. Lazard Asset Management LLC boosted its stake in John B. Sanfilippo & Son by 65.8% in the 1st quarter. Lazard Asset Management LLC now owns 45,720 shares of the company’s stock valued at $3,627,000 after purchasing an additional 18,142 shares during the period. Finally, Corient Private Wealth LP bought a new stake in John B. Sanfilippo & Son in the 2nd quarter valued at $1,088,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Stock Down 1.3%

JBSS stock opened at $66.51 on Wednesday. The company has a market cap of $777.50 million, a price-to-earnings ratio of 12.64 and a beta of 0.32. John B. Sanfilippo & Son has a twelve month low of $59.07 and a twelve month high of $92.08. The business has a 50 day moving average price of $73.15 and a two-hundred day moving average price of $77.93. The company has a quick ratio of 0.62, a current ratio of 2.08 and a debt-to-equity ratio of 0.11.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $274.87 million. Analysts anticipate that John B. Sanfilippo & Son will post 5.56 EPS for the current fiscal year.

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.