John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) have earned an average rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $100.00.

Several equities research analysts have issued reports on the stock. 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. BWS Financial reissued a “buy” rating and issued a $109.00 price target on shares of John B. Sanfilippo & Son in a research note on Wednesday, September 30th. Freedom Broker raised shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and decreased their price target for the stock from $95.00 to $91.00 in a report on Thursday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of John B. Sanfilippo & Son in a report on Tuesday, September 8th. Finally, Wall Street Zen cut shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th.

John B. Sanfilippo & Son Stock Performance

Shares of JBSS opened at $54.96 on Friday. The company has a market cap of $642.65 million, a PE ratio of 11.50 and a beta of 0.34. The company has a current ratio of 1.96, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $66.50 and a 200-day moving average price of $76.51. John B. Sanfilippo & Son has a 12-month low of $50.73 and a 12-month high of $92.08.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.42). The business had revenue of $288.14 million for the quarter, compared to analysts’ expectations of $306.92 million. John B. Sanfilippo & Son had a return on equity of 14.95% and a net margin of 4.84%. As a group, equities analysts forecast that John B. Sanfilippo & Son will post 5.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund lifted its stake in John B. Sanfilippo & Son by 9.4% during the third quarter. Illinois Municipal Retirement Fund now owns 4,847 shares of the company’s stock worth $322,000 after purchasing an additional 415 shares during the last quarter. CenterBook Partners LP bought a new position in shares of John B. Sanfilippo & Son during the 3rd quarter valued at about $231,000. Signaturefd LLC increased its position in shares of John B. Sanfilippo & Son by 35.3% during the 3rd quarter. Signaturefd LLC now owns 908 shares of the company’s stock valued at $60,000 after purchasing an additional 237 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of John B. Sanfilippo & Son by 42.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,366 shares of the company’s stock valued at $290,000 after purchasing an additional 1,307 shares during the last quarter. Finally, Viking Fund Management LLC purchased a new position in shares of John B. Sanfilippo & Son during the 3rd quarter valued at about $532,000. 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 food company that processes, packages and distributes nuts and related snack products. Its product portfolio includes peanuts, tree nuts, seeds, snack mixes, nut butters and other snack foods sold through grocery, mass merchandise, club, convenience and foodservice channels.

The company markets products under brands including Fisher, Orchard Valley Harvest and Sunshine Country, while also producing private-label products for retailers and other customers.