BidaskClub downgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

Separately, Sidoti initiated coverage on shares of John B. Sanfilippo & Son in a research note on Monday, April 1st. They issued a neutral rating on the stock.

Shares of NASDAQ:JBSS opened at $71.18 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.57 and a current ratio of 1.94. John B. Sanfilippo & Son has a 12-month low of $53.12 and a 12-month high of $79.37. The firm has a market cap of $811.77 million, a price-to-earnings ratio of 25.51 and a beta of 1.28.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its earnings results on Wednesday, January 30th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.02). John B. Sanfilippo & Son had a net margin of 3.68% and a return on equity of 13.75%. The firm had revenue of $253.32 million for the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of JBSS. Public Employees Retirement System of Ohio increased its stake in shares of John B. Sanfilippo & Son by 49.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 552 shares of the company’s stock worth $31,000 after acquiring an additional 182 shares during the last quarter. Bank of Montreal Can increased its position in John B. Sanfilippo & Son by 36.4% during the fourth quarter. Bank of Montreal Can now owns 656 shares of the company’s stock worth $36,000 after buying an additional 175 shares during the last quarter. Cavalier Investments LLC acquired a new position in John B. Sanfilippo & Son during the fourth quarter worth $82,000. Pacer Advisors Inc. increased its position in John B. Sanfilippo & Son by 126.1% during the third quarter. Pacer Advisors Inc. now owns 1,680 shares of the company’s stock worth $120,000 after buying an additional 937 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in John B. Sanfilippo & Son by 365.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,748 shares of the company’s stock worth $153,000 after buying an additional 2,157 shares during the last quarter. 72.53% of the stock is currently owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc, together with its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.

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