John B. Sanfilippo & Son (NASDAQ:JBSS) Upgraded at Freedom Capital

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

JBSS has been the subject of several other reports. Weiss Ratings raised John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Wall Street Zen cut shares of John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $109.00.

John B. Sanfilippo & Son Price Performance

Shares of John B. Sanfilippo & Son stock opened at $88.20 on Tuesday. The firm has a market cap of $1.03 billion, a PE ratio of 15.47 and a beta of 0.34. John B. Sanfilippo & Son has a twelve month low of $59.07 and a twelve month high of $88.66. The company has a quick ratio of 0.65, a current ratio of 2.30 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $78.44 and a 200 day moving average price of $77.59.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $281.78 million for the quarter, compared to the consensus estimate of $260.82 million. Sell-side analysts predict that John B. Sanfilippo & Son will post 5.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On John B. Sanfilippo & Son

Several large investors have recently bought and sold shares of JBSS. Quantbot Technologies LP lifted its position in shares of John B. Sanfilippo & Son by 2.7% in the third quarter. Quantbot Technologies LP now owns 7,059 shares of the company’s stock valued at $454,000 after acquiring an additional 184 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of John B. Sanfilippo & Son by 4.7% during the first quarter. Illinois Municipal Retirement Fund now owns 4,907 shares of the company’s stock worth $389,000 after purchasing an additional 220 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of John B. Sanfilippo & Son by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,336 shares of the company’s stock worth $378,000 after purchasing an additional 234 shares in the last quarter. Sound Income Strategies LLC raised its stake in John B. Sanfilippo & Son by 150.9% in the 1st quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock valued at $33,000 after purchasing an additional 243 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in John B. Sanfilippo & Son by 0.9% in the 1st quarter. First Trust Advisors LP now owns 29,520 shares of the company’s stock valued at $2,342,000 after purchasing an additional 272 shares during the last quarter. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

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.