StockNews.com Upgrades John B. Sanfilippo & Son (NASDAQ:JBSS) to Buy

StockNews.com upgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSSGet Rating) from a hold rating to a buy rating in a research report released on Saturday.

Shares of JBSS stock opened at $75.56 on Friday. John B. Sanfilippo & Son has a 12 month low of $71.31 and a 12 month high of $94.97. The company has a current ratio of 1.98, a quick ratio of 0.53 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average of $79.86 and a two-hundred day moving average of $82.88. The company has a market capitalization of $871.21 million, a P/E ratio of 15.45 and a beta of 0.28.

John B. Sanfilippo & Son (NASDAQ:JBSSGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.03. John B. Sanfilippo & Son had a return on equity of 22.69% and a net margin of 6.27%.

Several hedge funds have recently modified their holdings of JBSS. Hunter Perkins Capital Management LLC boosted its stake in shares of John B. Sanfilippo & Son by 60.1% in the third quarter. Hunter Perkins Capital Management LLC now owns 238,766 shares of the company’s stock valued at $19,512,000 after buying an additional 89,596 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of John B. Sanfilippo & Son during the fourth quarter worth $7,035,000. Goldman Sachs Group Inc. increased its holdings in shares of John B. Sanfilippo & Son by 66.7% during the third quarter. Goldman Sachs Group Inc. now owns 115,063 shares of the company’s stock worth $9,403,000 after buying an additional 46,033 shares in the last quarter. Vanguard Group Inc. increased its holdings in John B. Sanfilippo & Son by 4.9% in the first quarter. Vanguard Group Inc. now owns 890,074 shares of the company’s stock valued at $74,268,000 after purchasing an additional 41,573 shares during the period. Finally, BlackRock Inc. grew its holdings in John B. Sanfilippo & Son by 2.1% during the 1st quarter. BlackRock Inc. now owns 1,506,312 shares of the company’s stock worth $125,687,000 after acquiring an additional 30,285 shares during the period. Institutional investors and hedge funds own 68.67% of the company’s stock.

John B. Sanfilippo & Son Company Profile (Get Rating)

John B. Sanfilippo & Son, Inc, through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.

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