BidaskClub Downgrades John B. Sanfilippo & Son (NASDAQ:JBSS) to Sell

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John B. Sanfilippo & Son (NASDAQ:JBSS) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, BidAskClub reports.

Several other brokerages also recently weighed in on JBSS. Sidoti upped their target price on shares of John B. Sanfilippo & Son from $83.00 to $91.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. ValuEngine downgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.

John B. Sanfilippo & Son stock opened at $97.70 on Tuesday. John B. Sanfilippo & Son has a 52-week low of $53.12 and a 52-week high of $107.86. The firm has a fifty day moving average of $99.04 and a 200-day moving average of $88.49. The firm has a market capitalization of $1.11 billion, a P/E ratio of 24.56 and a beta of 0.92. The company has a quick ratio of 0.64, a current ratio of 2.14 and a debt-to-equity ratio of 0.09.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its earnings results on Tuesday, October 29th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.21. The business had revenue of $217.85 million during the quarter. John B. Sanfilippo & Son had a net margin of 5.15% and a return on equity of 18.95%.

In other news, VP Howard Brandeisky sold 2,866 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $94.17, for a total value of $269,891.22. Following the completion of the transaction, the vice president now directly owns 8,651 shares in the company, valued at $814,664.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Frank S. Pellegrino sold 750 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $94.78, for a total transaction of $71,085.00. Following the completion of the transaction, the vice president now owns 15,901 shares of the company’s stock, valued at $1,507,096.78. The disclosure for this sale can be found here. Insiders sold 23,533 shares of company stock valued at $2,288,395 over the last 90 days. Insiders own 22.35% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of JBSS. BlackRock Inc. boosted its stake in John B. Sanfilippo & Son by 4.0% during the 2nd quarter. BlackRock Inc. now owns 1,625,742 shares of the company’s stock valued at $129,556,000 after acquiring an additional 62,177 shares during the last quarter. Invesco Ltd. boosted its stake in John B. Sanfilippo & Son by 106.2% during the 2nd quarter. Invesco Ltd. now owns 101,356 shares of the company’s stock valued at $8,077,000 after acquiring an additional 52,195 shares during the last quarter. Vanguard Group Inc. boosted its stake in John B. Sanfilippo & Son by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 593,047 shares of the company’s stock valued at $47,260,000 after acquiring an additional 38,119 shares during the last quarter. Nuveen Asset Management LLC bought a new position in John B. Sanfilippo & Son during the 2nd quarter valued at $2,756,000. Finally, Assenagon Asset Management S.A. bought a new position in John B. Sanfilippo & Son during the 3rd quarter valued at $2,891,000. Hedge funds and other institutional investors own 66.57% of the company’s stock.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc, together with its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.

See Also: What Does a Sell-Side Analyst Rating Mean?

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