John B. Sanfilippo & Son (NASDAQ:JBSS) Upgraded at Zacks Research

Key Points

• John B. Sanfilippo & Son's stock was upgraded to a "hold" rating by Zacks Research, while BWS Financial set a "buy" rating with a target price of $109.00.
• The company's stock currently trades at $63.44, with a market capitalization of $738.44 million and a P/E ratio of 12.61.
• After recent trading activity, institutional investors own 70.64% of John B. Sanfilippo & Son's stock, indicating strong investor confidence in the company.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) was upgraded by equities research analysts at Zacks Research to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, BWS Financial began coverage on shares of John B. Sanfilippo & Son in a report on Monday. They set a "buy" rating and a $109.00 target price on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $109.00.

John B. Sanfilippo & Son Stock Performance

Shares of JBSS stock opened at $63.44 on Tuesday. The stock has a market capitalization of $738.44 million, a P/E ratio of 12.61 and a beta of 0.39. The company has a current ratio of 2.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.04. The firm's 50 day moving average is $64.51 and its 200 day moving average is $65.28. John B. Sanfilippo & Son has a 12 month low of $58.47 and a 12 month high of $97.47.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The company reported $1.15 EPS for the quarter. The company had revenue of $269.08 million for the quarter. John B. Sanfilippo & Son had a net margin of 5.32% and a return on equity of 17.54%.

Hedge Funds Weigh In On John B. Sanfilippo & Son

A number of institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund Corp increased its holdings in shares of John B. Sanfilippo & Son by 12.4% in the 2nd quarter. Texas Permanent School Fund Corp now owns 11,978 shares of the company's stock worth $757,000 after buying an additional 1,318 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of John B. Sanfilippo & Son in the 2nd quarter worth $512,000. State of Wyoming increased its holdings in shares of John B. Sanfilippo & Son by 347.7% in the 2nd quarter. State of Wyoming now owns 3,470 shares of the company's stock worth $219,000 after buying an additional 2,695 shares during the last quarter. Caxton Associates LLP bought a new position in shares of John B. Sanfilippo & Son in the 2nd quarter worth $233,000. Finally, Public Sector Pension Investment Board increased its holdings in shares of John B. Sanfilippo & Son by 8.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 31,205 shares of the company's stock worth $1,973,000 after buying an additional 2,516 shares during the last quarter. Institutional investors own 70.64% of the company's stock.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc engages in the processing and distribution of nuts and nut-related products. It offers peanuts, pecans, cashews, walnuts, almonds, and other nuts under the brands of Fisher, Orchard Valley Harvest, Squirrel Brand, and Southern Style Nuts. The company was founded by Gaspare Sanfilippo and John B.

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