BWS Financial Reiterates Buy Rating for John B. Sanfilippo & Son (NASDAQ:JBSS)

Key Points

• BWS Financial reiterated its Buy rating on John B. Sanfilippo & Son and maintained a $109 price target, implying approximately 45.7% upside from the reported $74.80 share price.
• JBSS shares fell 1.3% to $74.80, while the company’s latest quarterly earnings of $0.71 per share missed analyst expectations of $1.17 despite revenue of $280.43 million exceeding estimates.
• Analyst sentiment remains cautious overall: one analyst rates the stock Buy and three rate it Hold, producing a consensus Hold rating and $109 target price. Institutional investors own 70.64% of the company.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at BWS Financial in a report issued on Friday,Benzinga reports. They currently have a $109.00 target price on the stock. BWS Financial's price objective points to a potential upside of 45.72% from the stock's current price.

A number of other equities analysts also recently commented on 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 upgraded shares of John B. Sanfilippo & Son to a "hold" rating in a research note on Tuesday, June 30th. 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. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $109.00.

John B. Sanfilippo & Son Stock Down 1.3%

Shares of NASDAQ:JBSS traded down $0.96 on Friday, reaching $74.80. The company had a trading volume of 60,149 shares, compared to its average volume of 98,765. John B. Sanfilippo & Son has a 52-week low of $59.07 and a 52-week high of $92.08. The firm's 50 day simple moving average is $83.53 and its 200-day simple moving average is $80.33. The firm has a market capitalization of $874.41 million, a PE ratio of 14.22 and a beta of 0.32. The company has a current ratio of 2.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.10.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by ($0.46). John B. Sanfilippo & Son had a return on equity of 16.58% and a net margin of 5.27%.The company had revenue of $280.43 million for the quarter, compared to analysts' expectations of $274.87 million. As a group, analysts expect that John B. Sanfilippo & Son will post 6.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On John B. Sanfilippo & Son

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in John B. Sanfilippo & Son in the second quarter worth about $916,000. Two Sigma Securities LLC increased its holdings in shares of John B. Sanfilippo & Son by 12.7% during the second quarter. Two Sigma Securities LLC now owns 3,055 shares of the company's stock valued at $263,000 after acquiring an additional 345 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of John B. Sanfilippo & Son during the second quarter valued at about $32,000. Cullen Capital Management LLC purchased a new position in shares of John B. Sanfilippo & Son in the 2nd quarter valued at approximately $297,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of John B. Sanfilippo & Son in the 2nd quarter valued at approximately $9,083,000. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

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.

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