John B. Sanfilippo & Son (NASDAQ:JBSS) Given Buy Rating at BWS Financial

John B. Sanfilippo & Son (NASDAQ:JBSS)‘s stock had its “buy” rating reissued by analysts at BWS Financial in a report issued on Wednesday, Benzinga reports. They currently have a $109.00 price objective on the stock. BWS Financial’s price objective indicates a potential upside of 64.23% from the stock’s current price.

Several other brokerages have also weighed in on JBSS. Wall Street Zen lowered John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Freedom Capital raised John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research note on Tuesday, September 8th. Finally, Freedom Broker upgraded John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and decreased their price target for the stock from $95.00 to $91.00 in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

John B. Sanfilippo & Son Stock Down 1.4%

JBSS stock traded down $0.97 during mid-day trading on Wednesday, hitting $66.37. The stock had a trading volume of 54,811 shares, compared to its average volume of 104,524. The company has a current ratio of 2.08, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11. John B. Sanfilippo & Son has a 1-year low of $59.07 and a 1-year high of $92.08. The company has a fifty day moving average of $76.23 and a 200 day moving average of $78.55. The stock has a market capitalization of $775.85 million, a price-to-earnings ratio of 12.62 and a beta of 0.32.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its earnings results on Wednesday, August 19th. The company reported $0.71 earnings per share 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 firm had revenue of $280.43 million during the quarter, compared to analyst estimates of $274.87 million. On average, equities analysts expect that John B. Sanfilippo & Son will post 6.42 EPS for the current fiscal year.

Institutional Trading of John B. Sanfilippo & Son

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in John B. Sanfilippo & Son by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 312,802 shares of the company’s stock valued at $24,815,000 after purchasing an additional 12,056 shares during the period. Bank of New York Mellon Corp bought a new stake in John B. Sanfilippo & Son during the 2nd quarter valued at approximately $9,083,000. Invenomic Capital Management LP boosted its stake 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 valued at $5,470,000 after purchasing an additional 47,864 shares during the period. Heartland Advisors Inc. boosted its stake in John B. Sanfilippo & Son by 18.6% during the 1st quarter. Heartland Advisors Inc. now owns 70,000 shares of the company’s stock valued at $5,553,000 after purchasing an additional 11,000 shares during the period. Finally, Dean Capital Management boosted its stake in John B. Sanfilippo & Son by 13.8% during the 1st quarter. Dean Capital Management now owns 54,044 shares of the company’s stock valued at $4,287,000 after purchasing an additional 6,566 shares during the period. Institutional investors own 70.64% of the company’s stock.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a food manufacturer and marketer specializing in tree nuts, peanuts, snack mixes and related snack products. The company processes, packages and distributes products for retail, foodservice and industrial customers, including branded, private-label and contract-manufactured offerings.

Its brand portfolio includes Fisher, a consumer brand known for cooking and baking nuts, snacking nuts and nut toppings, as well as Orchard Valley Harvest and Sunshine Country.