John B. Sanfilippo & Son (NASDAQ:JBSS) Upgraded by Freedom Capital to “Hold” Rating

Freedom Capital upgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSS) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Wall Street Zen cut shares of John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $109.00.

John B. Sanfilippo & Son Trading Up 2.6%

John B. Sanfilippo & Son stock opened at $88.20 on Tuesday. The stock has a 50-day moving average price of $78.44 and a 200 day moving average price of $77.59. The company has a current ratio of 2.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.03 billion, a PE ratio of 15.47 and a beta of 0.34. John B. Sanfilippo & Son has a 52 week low of $59.07 and a 52 week high of $88.66.

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

Institutional Trading of John B. Sanfilippo & Son

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBSS. Empowered Funds LLC acquired a new stake in shares of John B. Sanfilippo & Son during the 1st quarter valued at $205,000. Parallel Advisors LLC boosted its holdings 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 purchasing an additional 327 shares during the period. Bank of America Corp DE grew its holdings in shares of John B. Sanfilippo & Son by 42.1% during the 1st quarter. Bank of America Corp DE now owns 41,611 shares of the company’s stock valued at $3,301,000 after acquiring an additional 12,332 shares in the last quarter. Amundi bought a new stake in shares of John B. Sanfilippo & Son in the 1st quarter valued at approximately $293,000. Finally, Quantinno Capital Management LP increased its position in John B. Sanfilippo & Son by 37.1% during the first quarter. Quantinno Capital Management LP now owns 18,913 shares of the company’s stock worth $1,500,000 after buying an additional 5,121 shares during the last quarter. 70.64% of the stock is owned by institutional investors and hedge funds.

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.