BidaskClub upgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a hold rating to a buy rating in a research note released on Saturday morning.

Shares of NASDAQ JBSS opened at $73.41 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.11 and a quick ratio of 0.62. The firm has a market capitalization of $831.25 million, a PE ratio of 25.89 and a beta of 1.06. John B. Sanfilippo & Son has a 1 year low of $54.32 and a 1 year high of $79.37.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings data on Thursday, August 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.33). The firm had revenue of $211.51 million during the quarter. John B. Sanfilippo & Son had a return on equity of 14.04% and a net margin of 3.65%.

The company also recently disclosed an annual dividend, which was paid on Friday, August 17th. Stockholders of record on Friday, August 3rd were paid a $0.55 dividend. The ex-dividend date was Thursday, August 2nd. This is a boost from John B. Sanfilippo & Son’s previous annual dividend of $0.50. This represents a dividend yield of 0.72%.

In other news, CEO Jeffrey T. Sanfilippo sold 8,108 shares of the stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $71.00, for a total value of $575,668.00. Following the completion of the sale, the chief executive officer now directly owns 14,840 shares of the company’s stock, valued at $1,053,640. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 22.09% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in JBSS. SG Americas Securities LLC purchased a new stake in shares of John B. Sanfilippo & Son in the second quarter worth $117,000. Piedmont Investment Advisors LLC purchased a new position in John B. Sanfilippo & Son during the second quarter valued at $152,000. Russell Investments Group Ltd. purchased a new position in John B. Sanfilippo & Son during the second quarter valued at $163,000. Delta Capital Management LLC purchased a new position in John B. Sanfilippo & Son during the second quarter valued at $211,000. Finally, Trexquant Investment LP purchased a new position in John B. Sanfilippo & Son during the first quarter valued at $213,000. 67.90% of the stock is owned by hedge funds and other institutional investors.

About John B. Sanfilippo & Son

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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