John B. Sanfilippo & Son (NASDAQ:JBSS) Rating Lowered to “Strong Sell” at Zacks Research

John B. Sanfilippo & Son (NASDAQ:JBSS) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday, Zacks reports.

Other analysts also recently issued research reports about the company. Freedom Capital upgraded John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. BWS Financial restated a “buy” rating and issued a $109.00 target price on shares of John B. Sanfilippo & Son in a report on Wednesday. Wall Street Zen downgraded shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Freedom Broker upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and lowered their price target for the company from $95.00 to $91.00 in a report on Thursday, August 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, John B. Sanfilippo & Son presently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

John B. Sanfilippo & Son Stock Up 2.9%

JBSS opened at $68.52 on Thursday. John B. Sanfilippo & Son has a 12 month low of $59.07 and a 12 month high of $92.08. The company has a current ratio of 2.08, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $75.42 and its 200-day moving average price is $78.34. The company has a market cap of $801.00 million, a P/E ratio of 13.03 and a beta of 0.32.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its earnings results on Wednesday, August 19th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.46). John B. Sanfilippo & Son had a net margin of 5.27% and a return on equity of 16.51%. The company had revenue of $280.43 million for the quarter, compared to analysts’ expectations of $274.87 million. On average, equities analysts expect that John B. Sanfilippo & Son will post 5.56 EPS for the current year.

Institutional Investors Weigh In On John B. Sanfilippo & Son

A number of large investors have recently made changes to their positions in JBSS. Engineers Gate Manager LP purchased a new position in shares of John B. Sanfilippo & Son during the second quarter valued at approximately $254,000. Integrated Wealth Concepts LLC purchased a new stake in John B. Sanfilippo & Son in the second quarter worth $52,000. Arizona State Retirement System purchased a new stake in John B. Sanfilippo & Son in the second quarter worth $210,000. Corient Private Wealth LP bought a new stake in John B. Sanfilippo & Son in the second quarter valued at $1,088,000. Finally, Headlands Technologies LLC bought a new stake in John B. Sanfilippo & Son in the second quarter valued at $916,000. 70.64% of the stock is currently owned by institutional investors.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a food company that processes, packages, markets and distributes tree nuts, peanuts and related snack products. Its offerings include roasted and salted nuts, trail mixes, nut-based snacks, baking ingredients and other packaged foods sold through retail, food-service and industrial channels.

The company markets products under brands including Fisher, Orchard Valley Harvest, Sunshine Country and Squirrel Brand, while also producing private-label products for retailers and food manufacturers.