Zacks: John B. Sanfilippo & Son, Inc. (JBSS) Receives Average Recommendation of “Hold” from Brokerages

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Zacks has also assigned John B. Sanfilippo & Son an industry rank of 166 out of 265 based on the ratings given to its competitors.

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Separately, BidaskClub downgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th.

NASDAQ:JBSS traded down $0.21 on Friday, reaching $57.51. 26,212 shares of the stock traded hands, compared to its average volume of 64,696. The company has a market capitalization of $654.60, a PE ratio of 21.14 and a beta of 1.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.62 and a current ratio of 1.82. John B. Sanfilippo & Son has a 1-year low of $54.32 and a 1-year high of $74.69.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its earnings results on Monday, February 5th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.43). The firm had revenue of $259.10 million for the quarter, compared to analyst estimates of $260.67 million. John B. Sanfilippo & Son had a net margin of 3.68% and a return on equity of 13.78%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS.

In other John B. Sanfilippo & Son news, insider Thomas J. Fordonski sold 2,300 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $58.50, for a total transaction of $134,550.00. Following the completion of the sale, the insider now owns 21,031 shares of the company’s stock, valued at approximately $1,230,313.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 22.09% of the company’s stock.

Several hedge funds have recently made changes to their positions in JBSS. First Trust Advisors LP acquired a new stake in shares of John B. Sanfilippo & Son during the 3rd quarter worth approximately $466,000. BNP Paribas Arbitrage SA grew its position in shares of John B. Sanfilippo & Son by 58.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,973 shares of the company’s stock worth $335,000 after buying an additional 1,828 shares during the period. Sei Investments Co. grew its position in shares of John B. Sanfilippo & Son by 6.8% during the 3rd quarter. Sei Investments Co. now owns 33,129 shares of the company’s stock worth $2,230,000 after buying an additional 2,095 shares during the period. New York State Common Retirement Fund grew its position in shares of John B. Sanfilippo & Son by 14.4% during the 3rd quarter. New York State Common Retirement Fund now owns 10,300 shares of the company’s stock worth $693,000 after buying an additional 1,300 shares during the period. Finally, Rhumbline Advisers grew its position in shares of John B. Sanfilippo & Son by 46.5% during the 3rd quarter. Rhumbline Advisers now owns 23,736 shares of the company’s stock worth $1,598,000 after buying an additional 7,530 shares during the period. 69.73% of the stock is owned by institutional investors.

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John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc, together with its subsidiaries, processes and distributes tree nuts and peanuts in the United States. It offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.

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