John B. Sanfilippo & Son (NASDAQ:JBSS) Downgraded to “Sell” at BidaskClub

BidaskClub cut shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a hold rating to a sell rating in a report issued on Tuesday, BidAskClub reports.

A number of other research firms also recently issued reports on JBSS. Sidoti increased their price objective on John B. Sanfilippo & Son from $83.00 to $91.00 and gave the stock a neutral rating in a report on Thursday, September 5th. ValuEngine cut shares of John B. Sanfilippo & Son from a hold rating to a sell rating in a report on Wednesday, October 2nd.

JBSS stock opened at $98.34 on Tuesday. John B. Sanfilippo & Son has a 1 year low of $53.12 and a 1 year high of $107.86. The company has a market cap of $1.11 billion, a P/E ratio of 24.56 and a beta of 0.92. The firm has a 50-day moving average of $99.15 and a 200 day moving average of $88.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.14 and a quick ratio of 0.64.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.21. The business had revenue of $217.85 million for the quarter. John B. Sanfilippo & Son had a return on equity of 18.95% and a net margin of 5.15%.

The firm also recently disclosed a None dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 26th will be issued a $2.00 dividend. The ex-dividend date is Monday, November 25th.

In related news, CFO Michael J. Valentine sold 5,362 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $95.03, for a total value of $509,550.86. Following the sale, the chief financial officer now owns 41,619 shares in the company, valued at approximately $3,955,053.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Howard Brandeisky sold 2,866 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $94.17, for a total value of $269,891.22. Following the transaction, the vice president now directly owns 8,651 shares of the company’s stock, valued at approximately $814,664.67. The disclosure for this sale can be found here. Insiders have sold 23,533 shares of company stock valued at $2,288,395 in the last ninety days. Insiders own 22.35% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. C M Bidwell & Associates Ltd. bought a new position in John B. Sanfilippo & Son in the 2nd quarter worth about $40,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of John B. Sanfilippo & Son by 143.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 603 shares of the company’s stock worth $58,000 after buying an additional 355 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of John B. Sanfilippo & Son by 714.7% during the third quarter. Tower Research Capital LLC TRC now owns 611 shares of the company’s stock valued at $59,000 after buying an additional 536 shares during the last quarter. Convergence Investment Partners LLC purchased a new stake in shares of John B. Sanfilippo & Son during the third quarter valued at approximately $120,000. Finally, Larson Financial Group LLC bought a new stake in shares of John B. Sanfilippo & Son during the third quarter valued at approximately $133,000. 66.57% of the stock is currently owned by institutional investors and hedge funds.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc, together with its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.

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