Vanguard Group Inc. Cuts Stock Position in John B. Sanfilippo & Son, Inc. $JBSS

Vanguard Group Inc. lessened its position in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 719,576 shares of the company’s stock after selling 64,311 shares during the quarter. Vanguard Group Inc. owned about 6.18% of John B. Sanfilippo & Son worth $50,802,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of John B. Sanfilippo & Son by 1,238.7% during the second quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock worth $26,000 after purchasing an additional 384 shares in the last quarter. Quarry LP purchased a new stake in shares of John B. Sanfilippo & Son during the third quarter worth approximately $32,000. Virtus Advisers LLC purchased a new stake in shares of John B. Sanfilippo & Son during the third quarter worth approximately $42,000. Tower Research Capital LLC TRC increased its position in shares of John B. Sanfilippo & Son by 225.6% during the second quarter. Tower Research Capital LLC TRC now owns 915 shares of the company’s stock worth $58,000 after purchasing an additional 634 shares in the last quarter. Finally, AlphaQuest LLC increased its position in shares of John B. Sanfilippo & Son by 266.1% during the third quarter. AlphaQuest LLC now owns 992 shares of the company’s stock worth $64,000 after purchasing an additional 721 shares in the last quarter. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JBSS has been the subject of several research reports. Wall Street Zen upgraded John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. BWS Financial reiterated a “buy” rating and set a $109.00 price target on shares of John B. Sanfilippo & Son in a research report on Monday, February 2nd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, John B. Sanfilippo & Son presently has a consensus rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Stock Up 0.2%

Shares of NASDAQ:JBSS opened at $74.91 on Friday. The company has a quick ratio of 0.65, a current ratio of 2.30 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $78.74 and a two-hundred day moving average of $75.34. The stock has a market cap of $875.70 million, a P/E ratio of 13.14 and a beta of 0.38. John B. Sanfilippo & Son, Inc. has a 52-week low of $59.07 and a 52-week high of $85.15.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.16 by $0.27. John B. Sanfilippo & Son had a return on equity of 18.11% and a net margin of 5.76%.The business had revenue of $281.78 million for the quarter, compared to analyst estimates of $260.83 million. On average, research analysts expect that John B. Sanfilippo & Son, Inc. will post 5.85 earnings per share for the current year.

John B. Sanfilippo & Son Announces Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, May 21st. Stockholders of record on Monday, April 27th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, April 27th. John B. Sanfilippo & Son’s dividend payout ratio is 15.79%.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a family‐held processor and marketer of tree nuts and snack nut products. Headquartered in Elgin, Illinois, the company operates manufacturing facilities, processing plants and sales offices across the United States and abroad. It supplies a broad range of channels, including retail, foodservice, industrial and private‐label customers.

The company’s product portfolio spans in‐shell and shelled pecans, walnuts, almonds, cashews, pistachios and peanuts, as well as mixed‐nut blends, chocolate‐covered treats, granolas and specialty snack items.