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

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

John B. Sanfilippo & Son Stock Performance

Shares of John B. Sanfilippo & Son stock opened at $87.41 on Monday. The firm has a market capitalization of $1.01 billion, a P/E ratio of 18.80 and a beta of 0.11. John B. Sanfilippo & Son has a 52 week low of $79.07 and a 52 week high of $108.96. The company has a quick ratio of 0.66, a current ratio of 2.06 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $93.05 and its two-hundred day moving average is $96.97.

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

Institutional Investors Weigh In On John B. Sanfilippo & Son

Several large investors have recently modified their holdings of JBSS. nVerses Capital LLC acquired a new stake in shares of John B. Sanfilippo & Son in the second quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of John B. Sanfilippo & Son in the third quarter valued at approximately $33,000. Copeland Capital Management LLC acquired a new stake in shares of John B. Sanfilippo & Son during the third quarter worth $39,000. GAMMA Investing LLC lifted its holdings in shares of John B. Sanfilippo & Son by 90.5% during the second quarter. GAMMA Investing LLC now owns 579 shares of the company’s stock worth $56,000 after purchasing an additional 275 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of John B. Sanfilippo & Son during the second quarter worth $68,000. 70.64% of the stock is owned by institutional investors and hedge funds.

About John B. Sanfilippo & Son

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.