Weiss Ratings Reiterates "Hold (C-)" Rating for John B. Sanfilippo & Son (NASDAQ:JBSS)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for John B. Sanfilippo & Son (NASDAQ: JBSS), indicating a cautious stance on the stock.
• Various research firms have shown mixed ratings, with BWS Financial issuing a "buy" rating and a target price of $109.00, while Zacks Research upgraded to a "hold" rating.
• John B. Sanfilippo & Son reported earnings of $1.15 per share with revenues of $269.08 million, and the stock is currently trading down 0.6% at $62.32.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other research firms have also recently issued reports on JBSS. BWS Financial assumed coverage on shares of John B. Sanfilippo & Son in a report on Monday, September 22nd. They issued a "buy" rating and a $109.00 price objective for the company. Zacks Research upgraded shares of John B. Sanfilippo & Son to a "hold" rating in a report on Tuesday, September 23rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $109.00.

John B. Sanfilippo & Son Trading Down 0.6%

John B. Sanfilippo & Son stock opened at $62.32 on Wednesday. The firm has a 50 day simple moving average of $63.77 and a 200-day simple moving average of $64.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 0.59. The stock has a market capitalization of $725.40 million, a PE ratio of 12.39 and a beta of 0.37. 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 posted its quarterly earnings data on Wednesday, August 20th. The company reported $1.15 earnings per share (EPS) for the quarter. The business had revenue of $269.08 million during the quarter. John B. Sanfilippo & Son had a net margin of 5.32% and a return on equity of 17.54%.

Institutional Investors Weigh In On John B. Sanfilippo & Son

Several hedge funds have recently made changes to their positions in the company. Central Pacific Bank Trust Division lifted its position in shares of John B. Sanfilippo & Son by 6.7% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,200 shares of the company's stock valued at $206,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of John B. Sanfilippo & Son by 30.0% in the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the company's stock valued at $57,000 after acquiring an additional 206 shares in the last quarter. Texas Permanent School Fund Corp lifted its position 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 valued at $757,000 after acquiring an additional 1,318 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of John B. Sanfilippo & Son in the 2nd quarter valued at approximately $512,000. Finally, State of Wyoming lifted its position 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 valued at $219,000 after acquiring an additional 2,695 shares in the last quarter. Hedge funds and other institutional investors own 70.64% of the company's stock.

John B. Sanfilippo & Son Company Profile

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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