John B. Sanfilippo & Son (JBSS) Raised to Hold at BidaskClub

BidaskClub upgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a sell rating to a hold rating in a report issued on Friday.

Shares of NASDAQ:JBSS traded down $0.72 during mid-day trading on Friday, hitting $57.87. 33,304 shares of the company’s stock were exchanged, compared to its average volume of 68,925. John B. Sanfilippo & Son has a twelve month low of $54.32 and a twelve month high of $74.69. The firm has a market cap of $656.30, a price-to-earnings ratio of 21.20 and a beta of 1.00. The company has a quick ratio of 0.62, a current ratio of 1.82 and a debt-to-equity ratio of 0.14.

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John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.43). John B. Sanfilippo & Son had a return on equity of 13.78% and a net margin of 3.68%. The business had revenue of $259.10 million for the quarter, compared to analyst estimates of $260.67 million. During the same quarter last year, the company earned $1.13 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year.

In other news, insider Thomas J. Fordonski sold 2,300 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $58.50, for a total transaction of $134,550.00. Following the transaction, the insider now owns 21,031 shares in the company, valued at approximately $1,230,313.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 22.09% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Martin & Co. Inc. TN grew its stake in John B. Sanfilippo & Son by 3.3% in the 4th quarter. Martin & Co. Inc. TN now owns 43,392 shares of the company’s stock valued at $2,745,000 after buying an additional 1,375 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in John B. Sanfilippo & Son in the 4th quarter valued at $262,000. Millennium Management LLC acquired a new position in John B. Sanfilippo & Son in the 4th quarter valued at $2,888,000. Goldman Sachs Group Inc. grew its stake in John B. Sanfilippo & Son by 6.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 49,807 shares of the company’s stock valued at $3,151,000 after buying an additional 3,228 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new position in John B. Sanfilippo & Son in the 4th quarter valued at $545,000. Institutional investors own 69.73% of the company’s stock.

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John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc is a processor and distributor of peanuts, pecans, cashews, walnuts, almonds and other nuts. The Company offers nuts under a range of private brands and under the Fisher, Orchard Valley Harvest, Fisher Nut Exactly and Sunshine Country brand names. The Company also markets and distributes a diverse product line of food and snack products, including snack mixes, salad toppings, snacks, snack bites, trail mixes, dried fruit, and chocolate and yogurt coated products under private brands and brand names.

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