John B. Sanfilippo & Son (NASDAQ:JBSS) Cut to Hold at StockNews.com

StockNews.com lowered shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a buy rating to a hold rating in a research note issued to investors on Monday.

John B. Sanfilippo & Son Stock Performance

Shares of NASDAQ JBSS opened at $86.34 on Monday. The company has a 50 day simple moving average of $92.90 and a two-hundred day simple moving average of $96.89. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 18.57 and a beta of 0.11. The company has a current ratio of 2.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. John B. Sanfilippo & Son has a 12 month low of $79.07 and a 12 month high of $108.96.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL grew its stake in shares of John B. Sanfilippo & Son by 15.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 42,675 shares of the company’s stock worth $4,520,000 after purchasing an additional 5,650 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in John B. Sanfilippo & Son in the first quarter valued at $617,000. Hunter Perkins Capital Management LLC increased its holdings in John B. Sanfilippo & Son by 8.2% in the third quarter. Hunter Perkins Capital Management LLC now owns 83,773 shares of the company’s stock valued at $7,901,000 after buying an additional 6,331 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of John B. Sanfilippo & Son by 2.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,524 shares of the company’s stock worth $1,327,000 after acquiring an additional 299 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of John B. Sanfilippo & Son by 90.5% during the 2nd quarter. GAMMA Investing LLC now owns 579 shares of the company’s stock valued at $56,000 after acquiring an additional 275 shares during the period. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

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.