John B. Sanfilippo & Son (NASDAQ:JBSS) Rating Increased to Strong-Buy at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSS – Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday morning.

JBSS has been the subject of a number of other reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a research note on Wednesday, October 8th. BWS Financial restated a “buy” rating and issued a $109.00 price objective on shares of John B. Sanfilippo & Son in a report on Monday, November 3rd. Finally, Zacks Research upgraded shares of John B. Sanfilippo & Son to a “hold” rating in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $109.00.

Get Our Latest Stock Report on JBSS

John B. Sanfilippo & Son Stock Down 0.3%

Shares of John B. Sanfilippo & Son stock traded down $0.17 on Friday, hitting $67.45. 55,114 shares of the company traded hands, compared to its average volume of 78,886. John B. Sanfilippo & Son has a 12-month low of $58.47 and a 12-month high of $91.98. The company has a quick ratio of 0.59, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. The company has a market cap of $785.32 million, a PE ratio of 12.00 and a beta of 0.36. The company has a 50-day moving average price of $63.39 and a 200 day moving average price of $63.79.

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

John B. Sanfilippo & Son Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $1.00 dividend. The ex-dividend date is Monday, December 1st. John B. Sanfilippo & Son’s payout ratio is presently 16.01%.

Hedge Funds Weigh In On John B. Sanfilippo & Son

A number of institutional investors have recently made changes to their positions in the business. SageView Advisory Group LLC increased its stake in shares of John B. Sanfilippo & Son by 3.5% in the 1st 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 boosted its holdings in John B. Sanfilippo & Son by 4.1% in the first 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 last quarter. Central Pacific Bank Trust Division increased its position in John B. Sanfilippo & Son by 6.7% in the third 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 during the period. GAMMA Investing LLC raised its holdings in John B. Sanfilippo & Son by 30.0% during 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in John B. Sanfilippo & Son by 4.6% during the 1st 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 during the period. 70.64% of the stock is currently owned by institutional investors.

John B. Sanfilippo & Son Company Profile

(Get Free Report)

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.

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