John B. Sanfilippo & Son (NASDAQ:JBSS) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a hold rating to a buy rating in a report released on Saturday.

A number of other equities analysts have also recently issued reports on JBSS. 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 to a “hold” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Stock Up 1.0%

Shares of NASDAQ:JBSS opened at $81.19 on Friday. John B. Sanfilippo & Son has a 1 year low of $59.07 and a 1 year high of $92.08. The business has a 50 day simple moving average of $80.61 and a two-hundred day simple moving average of $78.93. The firm has a market capitalization of $949.11 million, a PE ratio of 14.24 and a beta of 0.32. 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 released its earnings results on Wednesday, April 29th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.27. John B. Sanfilippo & Son had a return on equity of 18.11% and a net margin of 5.76%.The firm had revenue of $281.78 million for the quarter, compared to analysts’ expectations of $260.82 million. On average, equities analysts predict that John B. Sanfilippo & Son will post 5.85 EPS for the current year.

John B. Sanfilippo & Son Announces Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be paid a $1.05 dividend. The ex-dividend date is Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio is currently 15.79%.

Institutional Trading of John B. Sanfilippo & Son

Several institutional investors and hedge funds have recently modified their holdings of JBSS. Dimensional Fund Advisors LP grew its stake in John B. Sanfilippo & Son by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 312,802 shares of the company’s stock worth $24,815,000 after purchasing an additional 12,056 shares in the last quarter. Deutsche Bank AG increased its holdings in John B. Sanfilippo & Son by 22.8% during the 4th quarter. Deutsche Bank AG now owns 256,526 shares of the company’s stock worth $18,111,000 after purchasing an additional 47,559 shares during the period. Royce & Associates LP raised its position in John B. Sanfilippo & Son by 2.5% during the 4th quarter. Royce & Associates LP now owns 249,068 shares of the company’s stock valued at $17,584,000 after purchasing an additional 6,170 shares in the last quarter. Gamco Investors INC. ET AL raised its position in John B. Sanfilippo & Son by 19.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company’s stock valued at $14,425,000 after purchasing an additional 32,800 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of John B. Sanfilippo & Son by 2.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 152,762 shares of the company’s stock worth $9,820,000 after buying an additional 3,866 shares during the period. Institutional investors own 70.64% of the company’s stock.

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.