John B. Sanfilippo & Son’s (JBSS) “Buy” Rating Reaffirmed at BWS Financial

John B. Sanfilippo & Son (NASDAQ:JBSS)‘s stock had its “buy” rating reiterated by equities researchers at BWS Financial in a note issued to investors on Friday,Benzinga reports. They presently have a $109.00 price target on the stock. BWS Financial’s target price would indicate a potential upside of 45.72% from the company’s previous close.

Other analysts also recently issued research reports about the company. Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Freedom Capital raised John B. Sanfilippo & Son to a “hold” rating in a report on Tuesday, June 30th. Finally, Wall Street Zen downgraded John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Stock Performance

Shares of JBSS traded down $0.96 during trading hours on Friday, reaching $74.80. 60,149 shares of the company traded hands, compared to its average volume of 98,765. The stock has a market capitalization of $874.41 million, a P/E ratio of 14.22 and a beta of 0.32. The company has a quick ratio of 0.65, a current ratio of 2.30 and a debt-to-equity ratio of 0.10. John B. Sanfilippo & Son has a 12-month low of $59.07 and a 12-month high of $92.08. The business has a fifty day moving average price of $83.53 and a 200-day moving average price of $80.33.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its earnings results 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). The firm had revenue of $280.43 million during the quarter, compared to analyst estimates of $274.87 million. John B. Sanfilippo & Son had a net margin of 5.27% and a return on equity of 16.58%. Equities analysts anticipate that John B. Sanfilippo & Son will post 6.57 EPS for the current fiscal year.

Institutional Investors Weigh In On John B. Sanfilippo & Son

Several hedge funds have recently added to or reduced their stakes in JBSS. Ameriprise Financial Inc. grew its stake in shares of John B. Sanfilippo & Son by 260.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 148,896 shares of the company’s stock worth $9,416,000 after purchasing an additional 107,637 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of John B. Sanfilippo & Son during the 2nd quarter valued at approximately $9,083,000. Invenomic Capital Management LP lifted its stake in shares of John B. Sanfilippo & Son by 161.6% in the 4th quarter. Invenomic Capital Management LP now owns 77,474 shares of the company’s stock valued at $5,470,000 after purchasing an additional 47,864 shares during the period. Deutsche Bank AG lifted its stake in shares of John B. Sanfilippo & Son by 22.8% in the 4th quarter. Deutsche Bank AG now owns 256,526 shares of the company’s stock valued at $18,111,000 after purchasing an additional 47,559 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in John B. Sanfilippo & Son by 77.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 100,329 shares of the company’s stock worth $7,083,000 after buying an additional 43,902 shares in the last quarter. 70.64% of the stock is owned by hedge funds and other institutional investors.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a family‐held processor and marketer of tree nuts and snack nut products. Headquartered in Elgin, Illinois, the company operates manufacturing facilities, processing plants and sales offices across the United States and abroad. It supplies a broad range of channels, including retail, foodservice, industrial and private‐label customers.

The company’s product portfolio spans in‐shell and shelled pecans, walnuts, almonds, cashews, pistachios and peanuts, as well as mixed‐nut blends, chocolate‐covered treats, granolas and specialty snack items.