John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $100.00.

JBSS has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Freedom Broker upgraded John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and dropped their price objective for the company from $95.00 to $91.00 in a research note on Thursday, August 20th. Freedom Capital raised John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. BWS Financial reiterated a “buy” rating and set a $109.00 target price on shares of John B. Sanfilippo & Son in a research note on Friday, August 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research note on Tuesday, September 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JBSS. Public Employees Retirement System of Ohio acquired a new stake in shares of John B. Sanfilippo & Son during the second quarter worth $32,000. Sound Income Strategies LLC grew its stake in shares of John B. Sanfilippo & Son by 150.9% in the first quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock valued at $33,000 after acquiring an additional 243 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of John B. Sanfilippo & Son in the fourth quarter valued at about $40,000. Integrated Wealth Concepts LLC bought a new position in John B. Sanfilippo & Son during the second quarter worth about $52,000. Finally, Parallel Advisors LLC increased its position in John B. Sanfilippo & Son by 66.1% during the first quarter. Parallel Advisors LLC now owns 822 shares of the company’s stock worth $65,000 after acquiring an additional 327 shares during the period. Institutional investors and hedge funds own 70.64% of the company’s stock.

John B. Sanfilippo & Son Trading Up 0.3%

Shares of John B. Sanfilippo & Son stock opened at $67.24 on Friday. John B. Sanfilippo & Son has a 12-month low of $59.07 and a 12-month high of $92.08. The stock has a market cap of $786.04 million, a P/E ratio of 12.78 and a beta of 0.32. The company has a quick ratio of 0.62, a current ratio of 2.08 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $76.73 and its 200-day moving average is $78.65.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its quarterly earnings data on Wednesday, August 19th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.46). The company had revenue of $280.43 million during the quarter, compared to analyst estimates of $274.87 million. John B. Sanfilippo & Son had a net margin of 5.27% and a return on equity of 16.51%. Equities research analysts predict that John B. Sanfilippo & Son will post 6.42 earnings per share for the current fiscal year.

John B. Sanfilippo & Son Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is currently 18.06%.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a food manufacturer and marketer specializing in tree nuts, peanuts, snack mixes and related snack products. The company processes, packages and distributes products for retail, foodservice and industrial customers, including branded, private-label and contract-manufactured offerings.

Its brand portfolio includes Fisher, a consumer brand known for cooking and baking nuts, snacking nuts and nut toppings, as well as Orchard Valley Harvest and Sunshine Country.