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

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John B. Sanfilippo & Son (NASDAQ:JBSS) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday, BidAskClub reports.

NASDAQ JBSS opened at $80.89 on Friday. John B. Sanfilippo & Son has a one year low of $53.12 and a one year high of $88.70. The company has a 50-day simple moving average of $82.19 and a 200-day simple moving average of $75.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.57 and a current ratio of 2.13. The firm has a market capitalization of $914.57 million, a PE ratio of 27.32 and a beta of 1.06.

A number of institutional investors have recently bought and sold shares of the business. 6 Meridian boosted its stake in John B. Sanfilippo & Son by 1.4% during the 2nd quarter. 6 Meridian now owns 10,986 shares of the company’s stock valued at $875,000 after purchasing an additional 149 shares during the period. Man Group plc boosted its stake in John B. Sanfilippo & Son by 4.5% during the 2nd quarter. Man Group plc now owns 3,572 shares of the company’s stock valued at $285,000 after purchasing an additional 154 shares during the period. Public Employees Retirement System of Ohio boosted its stake in John B. Sanfilippo & Son by 49.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 552 shares of the company’s stock valued at $31,000 after purchasing an additional 182 shares during the period. Comerica Bank boosted its stake in John B. Sanfilippo & Son by 2.6% during the 1st quarter. Comerica Bank now owns 8,664 shares of the company’s stock valued at $621,000 after purchasing an additional 221 shares during the period. Finally, Texas Permanent School Fund boosted its stake in John B. Sanfilippo & Son by 4.2% during the 1st quarter. Texas Permanent School Fund now owns 5,968 shares of the company’s stock valued at $429,000 after purchasing an additional 243 shares during the period. 70.44% of the stock is owned by hedge funds and other institutional investors.

About John B. Sanfilippo & Son

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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