John B. Sanfilippo & Son (NASDAQ:JBSS) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a hold rating to a buy rating in a report published on Saturday, BidAskClub reports.

Shares of NASDAQ JBSS opened at $80.94 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.57 and a current ratio of 2.13. John B. Sanfilippo & Son has a 52 week low of $53.12 and a 52 week high of $88.70. The stock has a market capitalization of $914.57 million, a P/E ratio of 27.32 and a beta of 1.06. The stock’s fifty day moving average is $82.26 and its 200 day moving average is $75.59.

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, August 5th. This is a positive change from John B. Sanfilippo & Son’s previous annual dividend of $0.55. This represents a yield of 0.74%.

A number of large investors have recently added to or reduced their stakes in JBSS. Geode Capital Management LLC boosted its holdings in shares of John B. Sanfilippo & Son by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 98,627 shares of the company’s stock worth $5,489,000 after purchasing an additional 7,106 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of John B. Sanfilippo & Son by 49.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 552 shares of the company’s stock worth $31,000 after purchasing an additional 182 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of John B. Sanfilippo & Son during the first quarter worth approximately $237,000. Capital Management Corp VA boosted its holdings in shares of John B. Sanfilippo & Son by 0.8% during the first quarter. Capital Management Corp VA now owns 129,845 shares of the company’s stock worth $9,332,000 after purchasing an additional 1,000 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of John B. Sanfilippo & Son by 2,467.1% during the first quarter. BNP Paribas Arbitrage SA now owns 1,797 shares of the company’s stock worth $129,000 after purchasing an additional 1,727 shares during the period. 68.81% of the stock is currently owned by institutional investors and hedge funds.

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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