John B. Sanfilippo & Son’s (JBSS) Buy Rating Reiterated at BWS Financial

John B. Sanfilippo & Son (NASDAQ:JBSS)‘s stock had its “buy” rating restated by equities research analysts at BWS Financial in a research note issued on Wednesday, Benzinga reports. They currently have a $109.00 target price on the stock. BWS Financial’s price target indicates a potential upside of 60.22% from the company’s previous close.

A number of other equities research analysts have also commented on JBSS. Wall Street Zen lowered shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Freedom Broker upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and dropped their target price for the company from $95.00 to $91.00 in a research report on Thursday, August 20th. Freedom Capital upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, John B. Sanfilippo & Son has an average rating of “Moderate Buy” and a consensus price target of $100.00.

John B. Sanfilippo & Son Price Performance

JBSS stock opened at $68.03 on Wednesday. The company has a 50 day simple moving average of $75.11 and a 200 day simple moving average of $78.30. The stock has a market cap of $795.27 million, a price-to-earnings ratio of 12.93 and a beta of 0.32. John B. Sanfilippo & Son has a 1 year low of $59.07 and a 1 year high of $92.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.08 and a quick ratio of 0.62.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.46). John B. Sanfilippo & Son had a net margin of 5.27% and a return on equity of 16.51%. The business had revenue of $280.43 million during the quarter, compared to analyst estimates of $274.87 million. Research analysts anticipate that John B. Sanfilippo & Son will post 5.56 EPS for the current fiscal year.

Hedge Funds Weigh In On John B. Sanfilippo & Son

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in John B. Sanfilippo & Son by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 312,802 shares of the company’s stock valued at $24,815,000 after purchasing an additional 12,056 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in John B. Sanfilippo & Son during the second quarter valued at approximately $9,083,000. Invenomic Capital Management LP lifted its position in John B. Sanfilippo & Son by 161.6% during the fourth quarter. Invenomic Capital Management LP now owns 77,474 shares of the company’s stock valued at $5,470,000 after purchasing an additional 47,864 shares during the last quarter. Heartland Advisors Inc. lifted its position in John B. Sanfilippo & Son by 18.6% during the first quarter. Heartland Advisors Inc. now owns 70,000 shares of the company’s stock valued at $5,553,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Dean Capital Management lifted its position in John B. Sanfilippo & Son by 13.8% during the first quarter. Dean Capital Management now owns 54,044 shares of the company’s stock valued at $4,287,000 after purchasing an additional 6,566 shares during the last quarter. 70.64% of the stock is currently owned by institutional investors.

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.