Hsbc Holdings PLC Has $1.45 Million Stake in John B. Sanfilippo & Son, Inc. $JBSS

Hsbc Holdings PLC grew its holdings in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 82.6% in the 4th quarter, Holdings Channel reports. The fund owned 20,413 shares of the company’s stock after buying an additional 9,234 shares during the period. Hsbc Holdings PLC’s holdings in John B. Sanfilippo & Son were worth $1,447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of John B. Sanfilippo & Son by 1,238.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock valued at $26,000 after purchasing an additional 384 shares in the last quarter. Quarry LP bought a new position in John B. Sanfilippo & Son in the 3rd quarter valued at approximately $32,000. Leonteq Securities AG acquired a new stake in John B. Sanfilippo & Son in the fourth quarter valued at approximately $40,000. Virtus Advisers LLC acquired a new stake in John B. Sanfilippo & Son in the third quarter valued at approximately $42,000. Finally, Tower Research Capital LLC TRC grew its stake 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 buying an additional 634 shares during the last quarter. Institutional investors own 70.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JBSS shares. Weiss Ratings upgraded shares of John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Wall Street Zen downgraded John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $109.00.

John B. Sanfilippo & Son Stock Performance

Shares of JBSS stock opened at $85.99 on Wednesday. The stock has a market capitalization of $1.01 billion, a PE ratio of 15.09 and a beta of 0.34. The business’s 50 day simple moving average is $78.30 and its 200 day simple moving average is $77.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.30 and a quick ratio of 0.65. John B. Sanfilippo & Son, Inc. has a one year low of $59.07 and a one year high of $88.66.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.27. John B. Sanfilippo & Son had a net margin of 5.76% and a return on equity of 18.11%. The firm had revenue of $281.78 million for the quarter, compared to the consensus estimate of $260.82 million. As a group, research analysts forecast that John B. Sanfilippo & Son, Inc. will post 5.85 earnings per share for the current year.

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.