Wall Street Zen Upgrades John B. Sanfilippo & Son (NASDAQ:JBSS) to “Buy”

John B. Sanfilippo & Son (NASDAQ:JBSS) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

JBSS has been the topic of a number of other reports. Freedom Capital upgraded John B. Sanfilippo & Son to a “hold” rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, John B. Sanfilippo & Son has an average rating of “Hold” and an average price target of $109.00.

John B. Sanfilippo & Son Price Performance

Shares of NASDAQ:JBSS opened at $81.19 on Friday. The company’s fifty day moving average is $80.61 and its two-hundred day moving average is $79.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.65 and a current ratio of 2.30. John B. Sanfilippo & Son has a 1-year low of $59.07 and a 1-year high of $92.08. The stock has a market capitalization of $949.11 million, a price-to-earnings ratio of 14.24 and a beta of 0.32.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its quarterly earnings data on Wednesday, April 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.27. John B. Sanfilippo & Son had a net margin of 5.76% and a return on equity of 18.11%. The firm had revenue of $281.78 million for the quarter, compared to analyst estimates of $260.82 million. Equities analysts anticipate that John B. Sanfilippo & Son will post 5.85 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in John B. Sanfilippo & Son by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 312,802 shares of the company’s stock worth $24,815,000 after purchasing an additional 12,056 shares in the last quarter. Deutsche Bank AG boosted its stake in John B. Sanfilippo & Son by 22.8% during the 4th quarter. Deutsche Bank AG now owns 256,526 shares of the company’s stock valued at $18,111,000 after purchasing an additional 47,559 shares in the last quarter. Royce & Associates LP boosted its stake in John B. Sanfilippo & Son by 2.5% during the 4th quarter. Royce & Associates LP now owns 249,068 shares of the company’s stock valued at $17,584,000 after purchasing an additional 6,170 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of John B. Sanfilippo & Son by 19.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company’s stock valued at $14,425,000 after purchasing an additional 32,800 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of John B. Sanfilippo & Son by 2.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 152,762 shares of the company’s stock valued at $9,820,000 after purchasing an additional 3,866 shares during the period. Institutional investors and hedge funds own 70.64% of the company’s stock.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a family?held processor and marketer of tree nuts and snack nut products. Headquartered in Elgin, Illinois, the company operates manufacturing facilities, processing plants and sales offices across the United States and abroad. It supplies a broad range of channels, including retail, foodservice, industrial and private?label customers.

The company’s product portfolio spans in?shell and shelled pecans, walnuts, almonds, cashews, pistachios and peanuts, as well as mixed?nut blends, chocolate?covered treats, granolas and specialty snack items.