John B. Sanfilippo & Son (NASDAQ:JBSS) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

JBSS traded up $0.91 during midday trading on Friday, hitting $70.53. 27,800 shares of the company’s stock traded hands, compared to its average volume of 64,092. The firm has a market cap of $800.73 million, a PE ratio of 24.94 and a beta of 1.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 2.11. John B. Sanfilippo & Son has a one year low of $54.32 and a one year high of $79.37.

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

In other John B. Sanfilippo & Son news, CEO Jeffrey T. Sanfilippo sold 8,108 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $71.00, for a total transaction of $575,668.00. Following the transaction, the chief executive officer now owns 14,840 shares in the company, valued at $1,053,640. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 22.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. First Trust Advisors LP grew its holdings in John B. Sanfilippo & Son by 17.0% during the second quarter. First Trust Advisors LP now owns 9,914 shares of the company’s stock valued at $738,000 after purchasing an additional 1,437 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of John B. Sanfilippo & Son in the second quarter worth $2,592,000. Principal Financial Group Inc. grew its stake in shares of John B. Sanfilippo & Son by 4.1% in the first quarter. Principal Financial Group Inc. now owns 71,951 shares of the company’s stock worth $4,164,000 after acquiring an additional 2,830 shares during the last quarter. Royal Bank of Canada grew its stake in shares of John B. Sanfilippo & Son by 3.8% in the first quarter. Royal Bank of Canada now owns 105,048 shares of the company’s stock worth $6,079,000 after acquiring an additional 3,833 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of John B. Sanfilippo & Son in the second quarter worth $534,000. Institutional investors own 67.89% of the company’s stock.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc, together with its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company 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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