BidaskClub upgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a sell rating to a hold rating in a research note released on Saturday morning.

Separately, Sidoti cut John B. Sanfilippo & Son from a buy rating to a neutral rating and set a $70.00 price target on the stock. in a report on Tuesday, October 31st.

John B. Sanfilippo & Son (JBSS) traded up $0.67 during trading on Friday, hitting $62.52. The company’s stock had a trading volume of 210,925 shares, compared to its average volume of 83,720. The company has a market cap of $706.29, a PE ratio of 19.66 and a beta of 0.95. John B. Sanfilippo & Son has a 52-week low of $55.10 and a 52-week high of $74.69. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.04 and a quick ratio of 0.65.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its quarterly earnings results on Monday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.07. The firm had revenue of $214.80 million for the quarter, compared to analysts’ expectations of $216.11 million. John B. Sanfilippo & Son had a return on equity of 16.16% and a net margin of 4.34%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS.

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of John B. Sanfilippo & Son by 7.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the company’s stock worth $140,000 after purchasing an additional 155 shares during the period. Acrospire Investment Management LLC raised its position in shares of John B. Sanfilippo & Son by 20.2% during the second quarter. Acrospire Investment Management LLC now owns 2,380 shares of the company’s stock worth $150,000 after purchasing an additional 400 shares during the period. First Interstate Bank raised its position in shares of John B. Sanfilippo & Son by 10.2% during the second quarter. First Interstate Bank now owns 2,430 shares of the company’s stock worth $153,000 after purchasing an additional 225 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of John B. Sanfilippo & Son by 42.1% during the second quarter. BNP Paribas Arbitrage SA now owns 3,145 shares of the company’s stock worth $198,000 after purchasing an additional 931 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of John B. Sanfilippo & Son by 24.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 3,433 shares of the company’s stock worth $217,000 after purchasing an additional 679 shares during the period. 72.86% of the stock is currently owned by institutional investors.

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John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc is a processor and distributor of peanuts, pecans, cashews, walnuts, almonds and other nuts. The Company offers nuts under a range of private brands and under the Fisher, Orchard Valley Harvest, Fisher Nut Exactly and Sunshine Country brand names. The Company also markets and distributes a diverse product line of food and snack products, including snack mixes, salad toppings, snacks, snack bites, trail mixes, dried fruit, and chocolate and yogurt coated products under private brands and brand names.

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