John B. Sanfilippo & Son initiated with a Buy at BWS Financial

BWS Financial initiated coverage of John B. Sanfilippo & Son with a Buy rating and $109 price target The company’s core business remains “a reliable generator of cash flow” while JBS is aggressively expanding into the higher-margin, private-label snack bar category, says the analyst, who sees the company’s soon-expanded capacity for producing snack bars allowing it to broaden its market reach and add to its customer base.