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

John B. Sanfilippo & Son (NASDAQ:JBSS)‘s stock had its “buy” rating reiterated by 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 suggests a potential upside of 62.95% from the stock’s current price.

Several other brokerages have also recently issued reports on JBSS. Freedom Broker raised John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $95.00 to $91.00 in a research note on Thursday, August 20th. Wall Street Zen lowered John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings restated a “hold (c)” rating on shares of John B. Sanfilippo & Son in a report on Tuesday, September 8th. Finally, Freedom Capital upgraded John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to 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 0.7%

NASDAQ:JBSS traded down $0.45 during midday trading on Wednesday, hitting $66.89. The stock had a trading volume of 109,227 shares, compared to its average volume of 104,772. John B. Sanfilippo & Son has a one year low of $59.07 and a one year high of $92.08. The company has a market capitalization of $781.98 million, a price-to-earnings ratio of 12.68 and a beta of 0.32. The stock has a 50-day moving average of $76.23 and a 200 day moving average of $78.55. 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 (NASDAQ:JBSS) last announced its quarterly earnings data 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 return on equity of 16.51% and a net margin of 5.27%.The firm had revenue of $280.43 million during the quarter, compared to the consensus estimate of $274.87 million. As a group, sell-side analysts forecast that John B. Sanfilippo & Son will post 6.42 EPS for the current year.

Institutional Trading of John B. Sanfilippo & Son

Several hedge funds and other institutional investors have recently made changes to their positions in JBSS. Engineers Gate Manager LP purchased a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter valued at $254,000. Integrated Wealth Concepts LLC purchased a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter valued at $52,000. Arizona State Retirement System purchased a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter valued at $210,000. Corient Private Wealth LP purchased a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter valued at $1,088,000. Finally, Headlands Technologies LLC purchased a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter valued at $916,000. Hedge funds and other institutional investors own 70.64% of the company’s stock.

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.