John B. Sanfilippo & Son (NASDAQ:JBSS) Earns “Buy” Rating from BWS Financial

John B. Sanfilippo & Son (NASDAQ:JBSS)‘s stock had its “buy” rating restated by stock analysts at BWS Financial in a research report issued on Wednesday, Benzinga reports. They presently have a $109.00 price target on the stock. BWS Financial’s price target indicates a potential upside of 62.54% from the stock’s current price.

JBSS has been the subject of a number of other research reports. Freedom Broker raised John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and dropped their target price for the stock from $95.00 to $91.00 in a report on Thursday, August 20th. Freedom Capital upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research report on Tuesday, September 8th. Finally, Wall Street Zen lowered shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

John B. Sanfilippo & Son Stock Performance

NASDAQ:JBSS traded down $0.28 during mid-day trading on Wednesday, hitting $67.06. 32,274 shares of the stock were exchanged, compared to its average volume of 104,353. The stock has a market capitalization of $783.93 million, a price-to-earnings ratio of 12.75 and a beta of 0.32. The firm’s 50-day simple moving average is $76.23 and its 200 day simple moving average is $78.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 2.08. John B. Sanfilippo & Son has a fifty-two week low of $59.07 and a fifty-two week high of $92.08.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its quarterly earnings results on Wednesday, August 19th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.46). John B. Sanfilippo & Son had a net margin of 5.27% and a return on equity of 16.51%. The firm had revenue of $280.43 million during the quarter, compared to the consensus estimate of $274.87 million. As a group, equities analysts anticipate that John B. Sanfilippo & Son will post 6.42 EPS for the current fiscal year.

Institutional Investors Weigh In On John B. Sanfilippo & Son

Large investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in John B. Sanfilippo & Son during the first quarter valued at approximately $579,000. Bank of New York Mellon Corp bought a new stake in John B. Sanfilippo & Son during the second quarter worth $9,083,000. Lazard Asset Management LLC boosted its holdings in shares of John B. Sanfilippo & Son by 65.8% in the 1st quarter. Lazard Asset Management LLC now owns 45,720 shares of the company’s stock valued at $3,627,000 after purchasing an additional 18,142 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of John B. Sanfilippo & Son by 4.0% in 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 in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of John B. Sanfilippo & Son by 42.1% in the 1st quarter. Bank of America Corp DE now owns 41,611 shares of the company’s stock valued at $3,301,000 after purchasing an additional 12,332 shares during the last quarter. 70.64% of the stock is currently owned by institutional investors and hedge funds.

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.