BWS Financial Reaffirms Buy Rating for John B. Sanfilippo & Son (NASDAQ:JBSS)

John B. Sanfilippo & Son (NASDAQ:JBSS)‘s stock had its “buy” rating reiterated by BWS Financial in a research note issued to investors on Monday,Benzinga reports. They currently have a $109.00 price objective on the stock. BWS Financial’s target price would indicate a potential upside of 75.31% from the stock’s current price.

A number of other brokerages have also issued reports on JBSS. Weiss Ratings restated a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a research report on Wednesday, October 8th. Zacks Research raised John B. Sanfilippo & Son to a “hold” rating in a research report on Tuesday, September 23rd. Finally, Wall Street Zen raised John B. Sanfilippo & Son from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $109.00.

John B. Sanfilippo & Son Stock Performance

NASDAQ:JBSS traded down $0.61 on Monday, hitting $62.18. The company’s stock had a trading volume of 17,073 shares, compared to its average volume of 78,687. John B. Sanfilippo & Son has a one year low of $58.47 and a one year high of $91.98. The firm has a market capitalization of $723.90 million, a P/E ratio of 11.06 and a beta of 0.37. The stock has a fifty day moving average of $63.15 and a two-hundred day moving average of $63.83. The company has a current ratio of 2.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.04.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.31. The firm had revenue of $298.68 million during the quarter, compared to the consensus estimate of $273.93 million. John B. Sanfilippo & Son had a net margin of 5.84% and a return on equity of 19.17%.

Hedge Funds Weigh In On John B. Sanfilippo & Son

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in John B. Sanfilippo & Son by 1,238.7% in the second quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock valued at $26,000 after buying an additional 384 shares in the last quarter. Costello Asset Management INC bought a new position in shares of John B. Sanfilippo & Son in the 1st quarter valued at $34,000. HM Payson & Co. acquired a new stake in shares of John B. Sanfilippo & Son during the 3rd quarter valued at $35,000. GAMMA Investing LLC boosted its holdings in shares of John B. Sanfilippo & Son by 95.7% during the 2nd quarter. GAMMA Investing LLC now owns 687 shares of the company’s stock valued at $43,000 after acquiring an additional 336 shares in the last quarter. Finally, Signaturefd LLC grew its position in John B. Sanfilippo & Son by 295.3% during the 2nd quarter. Signaturefd LLC now owns 680 shares of the company’s stock worth $43,000 after acquiring an additional 508 shares during the last quarter. Institutional investors own 70.64% of the company’s stock.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc engages in the processing and distribution of nuts and nut-related products. It offers peanuts, pecans, cashews, walnuts, almonds, and other nuts under the brands of Fisher, Orchard Valley Harvest, Squirrel Brand, and Southern Style Nuts. The company was founded by Gaspare Sanfilippo and John B.