Wall Street Zen Downgrades John B. Sanfilippo & Son (NASDAQ:JBSS) to Buy

Key Points

• Wall Street Zen downgraded John B. Sanfilippo & Son (NASDAQ:JBSS) from "strong-buy" to "buy"; analyst coverage is mixed — Zacks cut to Hold while BWS Financial kept a Buy — and MarketBeat shows an average rating of Hold with an average price target of $109.
• JBSS stock opened at $79.65 and was down 2.6%, with a market cap around $930.9M, a P/E of 13.97, and a 52‑week range of $58.47–$85.15.
• The company beat quarterly estimates (EPS $1.43 vs. $1.16 consensus; revenue $281.78M vs. $260.83M) and institutional investors own about 70.64% of the shares, with several large funds recently increasing their stakes.

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

Several other research analysts also recently weighed in on JBSS. Zacks Research downgraded John B. Sanfilippo & Son from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 2nd. BWS Financial reiterated a "buy" rating and set a $109.00 price target on shares of John B. Sanfilippo & Son in a research note on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $109.00.

John B. Sanfilippo & Son Stock Down 2.6%

JBSS stock opened at $79.65 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.69 and a current ratio of 2.30. The company has a market capitalization of $930.87 million, a price-to-earnings ratio of 13.97 and a beta of 0.35. John B. Sanfilippo & Son has a fifty-two week low of $58.47 and a fifty-two week high of $85.15. The stock has a fifty day moving average of $79.63 and a 200-day moving average of $74.25.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.27. The company had revenue of $281.78 million during the quarter, compared to the consensus estimate of $260.83 million. John B. Sanfilippo & Son had a return on equity of 18.11% and a net margin of 5.76%. As a group, equities research analysts predict that John B. Sanfilippo & Son will post 5.57 earnings per share for the current year.

Institutional Trading of John B. Sanfilippo & Son

A number of large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its position in shares of John B. Sanfilippo & Son by 5.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 969,555 shares of the company's stock valued at $62,323,000 after acquiring an additional 51,658 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of John B. Sanfilippo & Son by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 300,746 shares of the company's stock valued at $21,233,000 after acquiring an additional 3,007 shares during the last quarter. Deutsche Bank AG boosted its position in shares of John B. Sanfilippo & Son by 22.8% during the 4th quarter. Deutsche Bank AG now owns 256,526 shares of the company's stock valued at $18,111,000 after acquiring an additional 47,559 shares during the last quarter. Royce & Associates LP boosted its position in shares of 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 acquiring an additional 6,170 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in shares of John B. Sanfilippo & Son by 19.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company's stock valued at $14,425,000 after acquiring an additional 32,800 shares during the last quarter. Institutional investors own 70.64% of the company's stock.

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.

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