John B. Sanfilippo & Son (NASDAQ:JBSS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a hold rating to a buy rating in a research note released on Saturday.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Freedom Capital raised shares of John B. Sanfilippo & Son to a “hold” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $109.00.

John B. Sanfilippo & Son Stock Up 3.0%

John B. Sanfilippo & Son stock opened at $83.64 on Friday. The business’s 50-day simple moving average is $80.77 and its two-hundred day simple moving average is $79.10. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.65 and a current ratio of 2.30. The company has a market cap of $977.75 million, a PE ratio of 14.67 and a beta of 0.32. 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 announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $281.78 million during the quarter, compared to analysts’ expectations of $260.82 million. Equities analysts anticipate that John B. Sanfilippo & Son will post 5.85 EPS for the current year.

John B. Sanfilippo & Son Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be given a $1.05 dividend. The ex-dividend date is Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is 15.79%.

Institutional Trading of John B. Sanfilippo & Son

A number of institutional investors have recently made changes to their positions in the company. 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. EverSource Wealth Advisors LLC boosted its stake in John B. Sanfilippo & Son by 1,238.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock worth $26,000 after purchasing an additional 384 shares during the last quarter. Quarry LP acquired a new stake in John B. Sanfilippo & Son during the 3rd quarter worth $32,000. Leonteq Securities AG purchased a new stake in shares of John B. Sanfilippo & Son during the fourth quarter worth $40,000. Finally, Virtus Advisers LLC purchased a new stake in shares of John B. Sanfilippo & Son during the third quarter worth $42,000. 70.64% of the stock is owned by institutional investors and hedge funds.

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.