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

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $100.00.

Several equities analysts recently weighed in on JBSS shares. Freedom Broker upgraded John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and reduced their target price for the stock from $95.00 to $91.00 in a research report on Thursday, August 20th. Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Freedom Capital upgraded John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. BWS Financial reaffirmed a “buy” rating and set a $109.00 price objective on shares of John B. Sanfilippo & Son in a research note on Friday, August 21st. Finally, Wall Street Zen lowered shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Saturday, August 8th.

Hedge Funds Weigh In On John B. Sanfilippo & Son

A number of large investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its holdings in shares of John B. Sanfilippo & Son by 9,287.4% in the 2nd quarter. California State Teachers Retirement System now owns 766,859 shares of the company’s stock valued at $65,942,000 after purchasing an additional 758,690 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of John B. Sanfilippo & Son by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 312,802 shares of the company’s stock worth $24,815,000 after buying an additional 12,056 shares during the last quarter. Deutsche Bank AG raised its position 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 worth $18,111,000 after buying an additional 47,559 shares during the period. Royce & Associates LP raised its position in shares of John B. Sanfilippo & Son by 2.5% in the 4th quarter. Royce & Associates LP now owns 249,068 shares of the company’s stock worth $17,584,000 after buying an additional 6,170 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in shares of John B. Sanfilippo & Son by 19.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company’s stock worth $14,425,000 after buying an additional 32,800 shares during the period. Hedge funds and other institutional investors own 70.64% of the company’s stock.

John B. Sanfilippo & Son Trading Down 1.3%

Shares of JBSS opened at $73.69 on Tuesday. The stock has a fifty day moving average of $82.99 and a two-hundred day moving average of $80.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 2.08. The company has a market capitalization of $861.44 million, a PE ratio of 14.01 and a beta of 0.32. John B. Sanfilippo & Son has a fifty-two week low of $59.07 and a fifty-two week high of $92.08.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its quarterly earnings data 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 business had revenue of $280.43 million for the quarter, compared to analyst estimates of $274.87 million. John B. Sanfilippo & Son had a return on equity of 16.51% and a net margin of 5.27%. As a group, analysts forecast that John B. Sanfilippo & Son will post 6.42 EPS for the current year.

John B. Sanfilippo & Son Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio is 18.06%.

John B. Sanfilippo & Son Company Profile

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.