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

BWS Financial reiterated their buy rating on shares of John B. Sanfilippo & Son (NASDAQ:JBSS) in a research report released on Wednesday morning,Benzinga reports. They currently have a $109.00 price objective on the stock.

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

John B. Sanfilippo & Son Stock Performance

JBSS stock opened at $68.52 on Wednesday. The company has a 50-day simple moving average of $75.42 and a 200 day simple moving average of $78.34. The company has a market capitalization of $801.00 million, a P/E ratio of 13.03 and a beta of 0.32. The company has a quick ratio of 0.62, a current ratio of 2.08 and a debt-to-equity ratio of 0.11. John B. Sanfilippo & Son has a fifty-two week low of $59.07 and a fifty-two week high of $92.08.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its earnings results on Wednesday, August 19th. The company reported $0.71 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 company had revenue of $280.43 million for the quarter, compared to analyst estimates of $274.87 million. Sell-side analysts predict that John B. Sanfilippo & Son will post 5.56 earnings per share for the current fiscal year.

John B. Sanfilippo & Son Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th were given a $1.05 dividend. The ex-dividend date of this dividend was Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is 18.06%.

Institutional Investors Weigh In On John B. Sanfilippo & Son

Several hedge funds have recently made changes to their positions in JBSS. Bank of New York Mellon Corp purchased a new position in shares of John B. Sanfilippo & Son during the second quarter valued at $9,083,000. Invenomic Capital Management LP lifted its stake in John B. Sanfilippo & Son by 161.6% in the 4th quarter. Invenomic Capital Management LP now owns 77,474 shares of the company’s stock worth $5,470,000 after acquiring an additional 47,864 shares in the last quarter. Inspire Investing LLC lifted its stake in John B. Sanfilippo & Son by 316.1% in the 1st quarter. Inspire Investing LLC now owns 27,589 shares of the company’s stock worth $2,189,000 after acquiring an additional 20,958 shares in the last quarter. Lazard Asset Management LLC lifted its stake in John B. Sanfilippo & Son by 65.8% in the 1st quarter. Lazard Asset Management LLC now owns 45,720 shares of the company’s stock worth $3,627,000 after acquiring an additional 18,142 shares in the last quarter. Finally, Corient Private Wealth LP acquired a new stake in John B. Sanfilippo & Son during the 2nd quarter worth about $1,088,000. Hedge funds and other institutional investors own 70.64% of the company’s stock.

John B. Sanfilippo & Son Company Profile

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.