John B. Sanfilippo & Son (NASDAQ:JBSS) Rating Increased to Strong-Buy at BidaskClub

John B. Sanfilippo & Son (NASDAQ:JBSS) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday, BidAskClub reports.

A number of other analysts also recently issued reports on JBSS. ValuEngine downgraded John B. Sanfilippo & Son from a “hold” rating to a “sell” rating in a research note on Wednesday. Sidoti lifted their price objective on John B. Sanfilippo & Son from $83.00 to $91.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th.

NASDAQ:JBSS traded down $0.38 during trading hours on Friday, reaching $96.21. The stock had a trading volume of 5,655 shares, compared to its average volume of 114,792. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 2.69. John B. Sanfilippo & Son has a 52 week low of $53.12 and a 52 week high of $99.85. The company has a 50 day moving average price of $91.61 and a two-hundred day moving average price of $80.87. The stock has a market capitalization of $1.11 billion, a PE ratio of 28.30 and a beta of 0.99.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.32. John B. Sanfilippo & Son had a return on equity of 16.55% and a net margin of 4.50%. The business had revenue of $216.76 million for the quarter.

In other news, CFO Michael J. Valentine sold 5,362 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $95.03, for a total transaction of $509,550.86. Following the transaction, the chief financial officer now owns 41,619 shares of the company’s stock, valued at approximately $3,955,053.57. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey T. Sanfilippo sold 3,832 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $95.28, for a total value of $365,112.96. Following the transaction, the chief executive officer now directly owns 19,940 shares in the company, valued at approximately $1,899,883.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,516 shares of company stock worth $2,480,369. Corporate insiders own 22.35% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. bought a new position in shares of John B. Sanfilippo & Son during the 2nd quarter valued at approximately $40,000. Bank of Montreal Can increased its position in shares of John B. Sanfilippo & Son by 193.7% during the 2nd quarter. Bank of Montreal Can now owns 1,674 shares of the company’s stock valued at $133,000 after purchasing an additional 1,104 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of John B. Sanfilippo & Son during the 2nd quarter valued at approximately $220,000. Ibex Investors LLC bought a new position in shares of John B. Sanfilippo & Son during the 2nd quarter valued at approximately $222,000. Finally, Pacer Advisors Inc. bought a new position in shares of John B. Sanfilippo & Son during the 2nd quarter valued at approximately $230,000. 68.86% of the stock is currently owned by hedge funds and other institutional investors.

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.

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