Viking Fund Management LLC Acquires New Stake in John B. Sanfilippo & Son, Inc. $JBSS

Viking Fund Management LLC bought a new stake in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,000 shares of the company’s stock, valued at approximately $532,000.

A number of other institutional investors also recently modified their holdings of the company. Illinois Municipal Retirement Fund boosted its holdings in shares of John B. Sanfilippo & Son by 4.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 4,907 shares of the company’s stock worth $389,000 after acquiring an additional 220 shares in the last quarter. Sound Income Strategies LLC raised its position in John B. Sanfilippo & Son by 150.9% in the 1st quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock valued at $33,000 after purchasing an additional 243 shares during the last quarter. First Trust Advisors LP raised its position in John B. Sanfilippo & Son by 0.9% in the 1st quarter. First Trust Advisors LP now owns 29,520 shares of the company’s stock valued at $2,342,000 after purchasing an additional 272 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in John B. Sanfilippo & Son by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 101,226 shares of the company’s stock worth $8,030,000 after purchasing an additional 282 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in John B. Sanfilippo & Son by 66.1% in the first quarter. Parallel Advisors LLC now owns 822 shares of the company’s stock worth $65,000 after purchasing an additional 327 shares in the last quarter. Institutional investors own 70.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on JBSS shares. Freedom Broker upgraded John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and decreased their target price for the stock from $95.00 to $91.00 in a report on Thursday, August 20th. Weiss Ratings restated a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research note on Tuesday, September 8th. Freedom Capital raised John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Zacks Research downgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. Finally, BWS Financial reissued a “buy” rating and set a $109.00 price objective on shares of John B. Sanfilippo & Son in a report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.00.

John B. Sanfilippo & Son Stock Performance

Shares of John B. Sanfilippo & Son stock opened at $66.74 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.08 and a quick ratio of 0.62. The firm has a market cap of $780.19 million, a P/E ratio of 12.64 and a beta of 0.32. The firm has a 50 day simple moving average of $72.78 and a 200 day simple moving average of $77.86. John B. Sanfilippo & Son, Inc. has a fifty-two week low of $59.07 and a fifty-two week high of $92.08.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.46). John B. Sanfilippo & Son had a return on equity of 16.51% and a net margin of 5.27%. The firm had revenue of $280.43 million for the quarter, compared to analyst estimates of $274.87 million. Sell-side analysts predict that John B. Sanfilippo & Son, Inc. will post 5.56 earnings per share for the current fiscal year.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a food company that processes, packages, markets and distributes tree nuts, peanuts and related snack products. Its offerings include roasted and salted nuts, trail mixes, nut-based snacks, baking ingredients and other packaged foods sold through retail, food-service and industrial channels.

The company markets products under brands including Fisher, Orchard Valley Harvest, Sunshine Country and Squirrel Brand, while also producing private-label products for retailers and food manufacturers.