John B. Sanfilippo & Son (NASDAQ:JBSS) Stock Rating Upgraded by Freedom Capital

John B. Sanfilippo & Son (NASDAQ:JBSS) was upgraded by stock analysts at Freedom Capital to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also commented on JBSS. Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Wall Street Zen lowered John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a research note 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.00.

John B. Sanfilippo & Son Stock Up 2.6%

Shares of NASDAQ JBSS opened at $88.20 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 2.30 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 15.47 and a beta of 0.34. John B. Sanfilippo & Son has a 12-month low of $59.07 and a 12-month high of $88.66. The firm’s 50-day simple moving average is $78.44 and its 200 day simple moving average is $77.59.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its 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 net margin of 5.76% and a return on equity of 18.11%. The company had revenue of $281.78 million during the quarter, compared to the consensus estimate of $260.82 million. On average, research analysts expect that John B. Sanfilippo & Son will post 5.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On John B. Sanfilippo & Son

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBSS. EverSource Wealth Advisors LLC lifted its stake in John B. Sanfilippo & Son by 1,238.7% in the second quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock valued at $26,000 after buying an additional 384 shares during the period. Quarry LP acquired a new position in shares of John B. Sanfilippo & Son during the 3rd quarter worth about $32,000. Sound Income Strategies LLC increased its stake in shares of John B. Sanfilippo & Son by 150.9% in the 1st quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock valued at $33,000 after acquiring an additional 243 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of John B. Sanfilippo & Son in the 4th quarter valued at about $40,000. Finally, Virtus Advisers LLC acquired a new stake in shares of John B. Sanfilippo & Son in the 3rd quarter valued at approximately $42,000. Institutional investors own 70.64% of the company’s stock.

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.