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

John B. Sanfilippo & Son logo with Consumer Staples background

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Monday.

John B. Sanfilippo & Son Stock Down 2.5 %

Shares of NASDAQ:JBSS traded down $2.15 during trading on Monday, hitting $83.16. 80,593 shares of the company were exchanged, compared to its average volume of 63,480. The stock has a market cap of $964.66 million, a price-to-earnings ratio of 17.88 and a beta of 0.11. John B. Sanfilippo & Son has a fifty-two week low of $79.07 and a fifty-two week high of $108.96. The firm has a fifty day moving average price of $93.31 and a two-hundred day moving average price of $97.13. The company has a current ratio of 2.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.02.

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

Institutional Trading of John B. Sanfilippo & Son

Institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter valued at $29,000. DekaBank Deutsche Girozentrale bought a new stake in shares of John B. Sanfilippo & Son during the 3rd quarter valued at $33,000. Copeland Capital Management LLC bought a new stake in shares of John B. Sanfilippo & Son during the 3rd quarter valued at $39,000. GAMMA Investing LLC lifted 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. Finally, Quest Partners LLC bought a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter valued at $68,000. 70.64% of the stock is currently owned by institutional investors.

John B. Sanfilippo & Son Company Profile

(Get Free Report)

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.

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