John B. Sanfilippo & Son (NASDAQ:JBSS) Stock Rating Upgraded by Freedom Capital

John B. Sanfilippo & Son (NASDAQ:JBSS) was upgraded by stock analysts at Freedom Capital to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Wall Street Zen downgraded John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, John B. Sanfilippo & Son presently has a consensus rating of “Hold” and an average price target of $109.00.

John B. Sanfilippo & Son Trading Up 2.6%

JBSS opened at $88.20 on Tuesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 15.47 and a beta of 0.34. The company’s 50 day simple moving average is $78.44 and its two-hundred day simple moving average is $77.59. John B. Sanfilippo & Son has a 1-year low of $59.07 and a 1-year high of $88.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.30 and a quick ratio of 0.65.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.27. The business had revenue of $281.78 million during the quarter, compared to analyst estimates of $260.82 million. John B. Sanfilippo & Son had a return on equity of 18.11% and a net margin of 5.76%. Analysts expect that John B. Sanfilippo & Son will post 5.85 EPS for the current fiscal year.

Institutional Trading of John B. Sanfilippo & Son

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of John B. Sanfilippo & Son by 1,238.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock valued at $26,000 after buying an additional 384 shares during the period. Quarry LP purchased a new position in John B. Sanfilippo & Son in the third quarter worth approximately $32,000. Sound Income Strategies LLC increased its stake in John B. Sanfilippo & Son by 150.9% during the first quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock worth $33,000 after acquiring an additional 243 shares during the last quarter. Leonteq Securities AG acquired a new stake in John B. Sanfilippo & Son during the fourth quarter worth $40,000. Finally, Virtus Advisers LLC purchased a new stake in John B. Sanfilippo & Son in the third quarter valued at $42,000. Institutional investors and hedge funds own 70.64% of the company’s stock.

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.