StockNews.com Downgrades John B. Sanfilippo & Son (NASDAQ:JBSS) to Buy

StockNews.com downgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSSGet Rating) from a strong-buy rating to a buy rating in a report released on Tuesday morning.

Shares of NASDAQ JBSS opened at $75.68 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 0.53 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $81.34 and a 200-day simple moving average of $83.75. The company has a market cap of $872.29 million, a PE ratio of 15.48 and a beta of 0.28. John B. Sanfilippo & Son has a 12-month low of $71.32 and a 12-month high of $94.97.

John B. Sanfilippo & Son (NASDAQ:JBSSGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.03. John B. Sanfilippo & Son had a return on equity of 22.69% and a net margin of 6.27%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBSS. Signaturefd LLC lifted its position in John B. Sanfilippo & Son by 190.1% in the first quarter. Signaturefd LLC now owns 673 shares of the company’s stock worth $56,000 after purchasing an additional 441 shares during the period. Advisor Group Holdings Inc. lifted its position in John B. Sanfilippo & Son by 95.2% in the third quarter. Advisor Group Holdings Inc. now owns 1,015 shares of the company’s stock worth $83,000 after purchasing an additional 495 shares during the period. Lazard Asset Management LLC lifted its position in John B. Sanfilippo & Son by 19.9% in the fourth quarter. Lazard Asset Management LLC now owns 1,019 shares of the company’s stock worth $91,000 after purchasing an additional 169 shares during the period. PNC Financial Services Group Inc. lifted its position in John B. Sanfilippo & Son by 244.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,307 shares of the company’s stock worth $108,000 after purchasing an additional 928 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in John B. Sanfilippo & Son in the first quarter worth approximately $117,000. Hedge funds and other institutional investors own 68.67% of the company’s stock.

John B. Sanfilippo & Son Company Profile (Get Rating)

John B. Sanfilippo & Son, Inc, through 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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