John B. Sanfilippo & Son (NASDAQ:JBSS) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a buy rating to a hold rating in a research report released on Monday morning.

John B. Sanfilippo & Son Stock Down 1.2 %

JBSS opened at $86.34 on Monday. The company has a market cap of $1.00 billion, a PE ratio of 18.57 and a beta of 0.11. John B. Sanfilippo & Son has a twelve month low of $79.07 and a twelve month high of $108.96. The company has a 50-day moving average price of $92.90 and a 200 day moving average price of $96.89. The company has a quick ratio of 0.66, a current ratio of 2.06 and a debt-to-equity ratio of 0.02.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its earnings results on Tuesday, August 20th. The company reported $0.86 earnings per share for the quarter. John B. Sanfilippo & Son had a return on equity of 17.21% and a net margin of 4.90%. The business had revenue of $269.57 million for the quarter.

Hedge Funds Weigh In On John B. Sanfilippo & Son

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quest Partners LLC lifted its stake in John B. Sanfilippo & Son by 821.3% in the 3rd quarter. Quest Partners LLC now owns 6,477 shares of the company’s stock worth $611,000 after purchasing an additional 5,774 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of John B. Sanfilippo & Son in the third quarter valued at approximately $2,610,000. Summit Global Investments purchased a new position in John B. Sanfilippo & Son during the third quarter worth approximately $715,000. Nisa Investment Advisors LLC boosted its stake in John B. Sanfilippo & Son by 13.1% during the third quarter. Nisa Investment Advisors LLC now owns 6,407 shares of the company’s stock worth $604,000 after buying an additional 743 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in John B. Sanfilippo & Son in the 3rd quarter valued at $33,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Company Profile

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.