BidaskClub Downgrades John B. Sanfilippo & Son (JBSS) to Buy

BidaskClub downgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a strong-buy rating to a buy rating in a research report released on Tuesday morning.

JBSS traded down $0.52 during trading on Tuesday, hitting $64.53. 153 shares of the stock traded hands, compared to its average volume of 59,969. John B. Sanfilippo & Son has a twelve month low of $54.32 and a twelve month high of $79.37. The company has a market cap of $735.16 million, a P/E ratio of 26.02 and a beta of 1.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.75 and a quick ratio of 0.46.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.37). John B. Sanfilippo & Son had a net margin of 3.26% and a return on equity of 12.34%. The firm had revenue of $204.29 million for the quarter.

In other John B. Sanfilippo & Son news, CEO Jeffrey T. Sanfilippo sold 8,108 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $71.00, for a total transaction of $575,668.00. Following the completion of the transaction, the chief executive officer now directly owns 14,840 shares in the company, valued at $1,053,640. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 22.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. WCM Investment Management CA grew its stake in shares of John B. Sanfilippo & Son by 27.3% during the third quarter. WCM Investment Management CA now owns 48,315 shares of the company’s stock worth $3,449,000 after buying an additional 10,347 shares during the last quarter. First Trust Advisors LP grew its stake in shares of John B. Sanfilippo & Son by 17.0% during the second quarter. First Trust Advisors LP now owns 9,914 shares of the company’s stock worth $738,000 after buying an additional 1,437 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of John B. Sanfilippo & Son during the second quarter worth $227,000. Macquarie Group Ltd. bought a new stake in shares of John B. Sanfilippo & Son during the second quarter worth $383,000. Finally, Renaissance Technologies LLC grew its stake in shares of John B. Sanfilippo & Son by 203.1% during the second quarter. Renaissance Technologies LLC now owns 58,800 shares of the company’s stock worth $4,378,000 after buying an additional 39,400 shares during the last quarter. 67.86% of the stock is currently owned by hedge funds and other institutional investors.

John B. Sanfilippo & Son Company Profile

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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