John B. Sanfilippo & Son (NASDAQ:JBSS) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded John B. Sanfilippo & Son from Buy to Strong-Buy in a Sunday research report. BWS Financial also reiterated a Buy rating with a $109 price target.
• The company reported strong quarterly results, posting $1.43 EPS versus the $1.16 consensus estimate and $281.78 million in revenue versus expectations of $260.83 million. It also delivered a 18.11% return on equity.
• Shares recently traded at $77.95, below the average analyst target of $109, while institutional investors own about 70.64% of the stock. The company has a market cap of about $911 million and a low debt load.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Sunday.

Separately, BWS Financial reaffirmed a "buy" rating and set a $109.00 price objective on shares of John B. Sanfilippo & Son in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $109.00.

John B. Sanfilippo & Son Price Performance

NASDAQ JBSS opened at $77.95 on Friday. The company has a market capitalization of $911.24 million, a price-to-earnings ratio of 13.68 and a beta of 0.38. John B. Sanfilippo & Son has a one year low of $59.07 and a one year high of $85.15. The stock has a 50-day moving average of $79.40 and a 200 day moving average of $74.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.65 and a current ratio of 2.30.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.27. The firm had revenue of $281.78 million during the quarter, compared to analysts' expectations of $260.83 million. John B. Sanfilippo & Son had a return on equity of 18.11% and a net margin of 5.76%. On average, sell-side analysts forecast that John B. Sanfilippo & Son will post 5.85 EPS for the current year.

Hedge Funds Weigh In On John B. Sanfilippo & Son

Hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its stake in shares of John B. Sanfilippo & Son by 5.6% during the third quarter. Thrivent Financial for Lutherans now owns 969,555 shares of the company's stock valued at $62,323,000 after buying an additional 51,658 shares during the period. Dimensional Fund Advisors LP grew its holdings in John B. Sanfilippo & Son by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 312,802 shares of the company's stock worth $24,815,000 after acquiring an additional 12,056 shares in the last quarter. Deutsche Bank AG grew its holdings in John B. Sanfilippo & Son by 22.8% during the 4th quarter. Deutsche Bank AG now owns 256,526 shares of the company's stock worth $18,111,000 after acquiring an additional 47,559 shares in the last quarter. Royce & Associates LP increased its position in John B. Sanfilippo & Son by 2.5% during the 4th quarter. Royce & Associates LP now owns 249,068 shares of the company's stock valued at $17,584,000 after purchasing an additional 6,170 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in shares of John B. Sanfilippo & Son by 19.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company's stock valued at $14,425,000 after purchasing an additional 32,800 shares in the last quarter. 70.64% of the stock is currently owned by 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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