John B. Sanfilippo & Son (NASDAQ:JBSS) Cut to Hold at Wall Street Zen

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

A number of other equities research analysts also recently weighed in on JBSS. Freedom Capital raised John B. Sanfilippo & Son to a “hold” rating in a report on Tuesday, June 30th. Weiss Ratings raised John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Stock Down 0.7%

Shares of NASDAQ JBSS opened at $82.57 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.65 and a current ratio of 2.30. John B. Sanfilippo & Son has a 52 week low of $59.07 and a 52 week high of $92.08. The stock has a market capitalization of $965.24 million, a P/E ratio of 14.49 and a beta of 0.32. The stock’s fifty day moving average is $82.35 and its 200 day moving average is $79.89.

John B. Sanfilippo & Son Dividend Announcement

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

Hedge Funds Weigh In On John B. Sanfilippo & Son

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in shares of John B. Sanfilippo & Son during the first quarter worth $579,000. Maxi Investments CY Ltd acquired a new stake in shares of John B. Sanfilippo & Son during the 4th quarter valued at $1,134,000. Dimensional Fund Advisors LP grew its position in John B. Sanfilippo & Son by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 312,802 shares of the company’s stock worth $24,815,000 after acquiring an additional 12,056 shares during the last quarter. Lazard Asset Management LLC grew its position in John B. Sanfilippo & Son by 65.8% during 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 during the last quarter. Finally, Horizon Investments LLC acquired a new position in John B. Sanfilippo & Son in the 4th quarter worth about $586,000. Institutional investors own 70.64% of the company’s stock.

About John B. Sanfilippo & Son

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.