BWS Financial Reaffirms Buy Rating for John B. Sanfilippo & Son (NASDAQ:JBSS)

John B. Sanfilippo & Son (NASDAQ:JBSS)‘s stock had its “buy” rating reiterated by investment analysts at BWS Financial in a research note issued on Wednesday, Benzinga reports. They currently have a $109.00 price target on the stock. BWS Financial’s target price would indicate a potential upside of 63.89% from the company’s current price.

Other equities analysts have also issued reports about the company. Freedom Capital upgraded John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report 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. Freedom Broker raised John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and dropped their target price for the company from $95.00 to $91.00 in a research report on Thursday, August 20th. Finally, Wall Street Zen cut 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 given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

John B. Sanfilippo & Son Trading Down 1.2%

NASDAQ JBSS traded down $0.83 during trading on Wednesday, reaching $66.51. 151,723 shares of the stock traded hands, compared to its average volume of 105,048. The company has a quick ratio of 0.62, a current ratio of 2.08 and a debt-to-equity ratio of 0.11. John B. Sanfilippo & Son has a fifty-two week low of $59.07 and a fifty-two week high of $92.08. The stock’s 50-day moving average price is $75.95 and its 200 day moving average price is $78.48. The firm has a market cap of $777.50 million, a price-to-earnings ratio of 12.64 and a beta of 0.32.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.46). The business had revenue of $280.43 million for the quarter, compared to analyst estimates of $274.87 million. John B. Sanfilippo & Son had a return on equity of 16.51% and a net margin of 5.27%. Analysts predict that John B. Sanfilippo & Son will post 6.42 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JBSS. Public Employees Retirement System of Ohio acquired a new stake in John B. Sanfilippo & Son in the 2nd quarter valued at about $32,000. Sound Income Strategies LLC lifted its stake in shares of John B. Sanfilippo & Son by 150.9% during the 1st quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock worth $33,000 after buying an additional 243 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter worth about $52,000. Parallel Advisors LLC grew its stake in John B. Sanfilippo & Son by 66.1% in the 1st quarter. Parallel Advisors LLC now owns 822 shares of the company’s stock valued at $65,000 after buying an additional 327 shares during the last quarter. Finally, State of Wyoming acquired a new position in John B. Sanfilippo & Son in the 1st quarter valued at about $135,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Company Profile

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.