John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Stock Has Average Price Target of $100.00 According to Analysts

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $100.00.

A number of research firms have recently weighed in on JBSS. 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, September 30th. Freedom Capital raised shares of John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Wall Street Zen lowered John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research downgraded John B. Sanfilippo & Son from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 1st. Finally, Freedom Broker upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $95.00 to $91.00 in a report on Thursday, August 20th.

John B. Sanfilippo & Son Price Performance

John B. Sanfilippo & Son stock opened at $65.73 on Wednesday. The stock has a market capitalization of $768.38 million, a price-to-earnings ratio of 12.50 and a beta of 0.32. John B. Sanfilippo & Son has a 52-week low of $59.07 and a 52-week high of $92.08. The stock’s 50 day moving average price is $71.41 and its two-hundred day moving average price is $77.47. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 2.08.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its earnings results on Wednesday, August 19th. The company reported $0.71 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 16.51%. On average, equities analysts predict that John B. Sanfilippo & Son will post 5.56 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JBSS. Nisa Investment Advisors LLC lifted its position in John B. Sanfilippo & Son by 42.7% in the third quarter. Nisa Investment Advisors LLC now owns 4,366 shares of the company’s stock valued at $290,000 after purchasing an additional 1,307 shares during the last quarter. Viking Fund Management LLC purchased a new stake in John B. Sanfilippo & Son during the 3rd quarter valued at $532,000. Engineers Gate Manager LP purchased a new position in shares of John B. Sanfilippo & Son in the second quarter valued at about $254,000. Integrated Wealth Concepts LLC bought a new position in shares of John B. Sanfilippo & Son during the second quarter valued at about $52,000. Finally, Arizona State Retirement System bought a new stake in shares of John B. Sanfilippo & Son in the second quarter worth about $210,000. Institutional investors own 70.64% of the company’s stock.

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.