John B. Sanfilippo & Son (NASDAQ:JBSS) Stock Rating Upgraded by Wall Street Zen

John B. Sanfilippo & Son (NASDAQ:JBSS) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Sunday.

Other equities analysts have also issued reports about the stock. Zacks Research upgraded shares of John B. Sanfilippo & Son to a “hold” rating in a report on Tuesday, September 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a research note on Wednesday, October 8th. Finally, BWS Financial reaffirmed a “buy” rating and set a $109.00 price objective on shares of John B. Sanfilippo & Son in a research report on Monday, November 3rd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, John B. Sanfilippo & Son currently has a consensus rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Stock Performance

Shares of John B. Sanfilippo & Son stock opened at $67.45 on Friday. John B. Sanfilippo & Son has a 1 year low of $58.47 and a 1 year high of $91.98. The firm’s 50-day moving average is $63.44 and its 200 day moving average is $63.78. The stock has a market cap of $785.32 million, a price-to-earnings ratio of 12.00 and a beta of 0.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 0.59.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. The business had revenue of $298.68 million during the quarter, compared to analyst estimates of $273.93 million. John B. Sanfilippo & Son had a net margin of 5.84% and a return on equity of 19.17%.

Hedge Funds Weigh In On John B. Sanfilippo & Son

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SageView Advisory Group LLC grew its position in John B. Sanfilippo & Son by 3.5% during the first quarter. SageView Advisory Group LLC now owns 4,967 shares of the company’s stock valued at $352,000 after buying an additional 169 shares during the period. Inspire Investing LLC grew its position in shares of John B. Sanfilippo & Son by 4.1% during the 1st quarter. Inspire Investing LLC now owns 4,815 shares of the company’s stock valued at $341,000 after acquiring an additional 188 shares during the period. Central Pacific Bank Trust Division increased its stake in shares of John B. Sanfilippo & Son by 6.7% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,200 shares of the company’s stock worth $206,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC raised its holdings in John B. Sanfilippo & Son by 30.0% in the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock worth $57,000 after purchasing an additional 206 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in John B. Sanfilippo & Son by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,336 shares of the company’s stock valued at $378,000 after purchasing an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc engages in the processing and distribution of nuts and nut-related products. It offers peanuts, pecans, cashews, walnuts, almonds, and other nuts under the brands of Fisher, Orchard Valley Harvest, Squirrel Brand, and Southern Style Nuts. The company was founded by Gaspare Sanfilippo and John B.