John B. Sanfilippo & Son (NASDAQ:JBSS) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Several other research firms have also recently commented on JBSS. Freedom Capital upgraded John B. Sanfilippo & Son to a “hold” rating in a research note on Tuesday, June 30th. Weiss Ratings raised shares of John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, John B. Sanfilippo & Son currently has an average rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Trading Down 0.4%

Shares of JBSS opened at $83.16 on Friday. John B. Sanfilippo & Son has a one year low of $59.07 and a one year high of $92.08. The stock has a 50-day moving average price of $82.18 and a 200 day moving average price of $79.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.65 and a current ratio of 2.30. The company has a market capitalization of $972.14 million, a P/E ratio of 14.59 and a beta of 0.32.

John B. Sanfilippo & Son Dividend Announcement

The business also recently announced a special dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio is 15.79%.

Institutional Trading of John B. Sanfilippo & Son

Several hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in John B. Sanfilippo & Son by 1,238.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock valued at $26,000 after purchasing an additional 384 shares during the period. Quarry LP bought a new stake in John B. Sanfilippo & Son in the third quarter valued at $32,000. Sound Income Strategies LLC lifted its stake in 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 buying an additional 243 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of John B. Sanfilippo & Son during the fourth quarter valued at $40,000. Finally, Virtus Advisers LLC acquired a new position in shares of John B. Sanfilippo & Son during the third quarter valued at $42,000. 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.