James Investment Research Inc. boosted its stake in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 9.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 13,674 shares of the company’s stock after purchasing an additional 1,190 shares during the period. James Investment Research Inc. owned about 0.12% of John B. Sanfilippo & Son worth $976,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in John B. Sanfilippo & Son in the 2nd quarter valued at approximately $117,000. Piedmont Investment Advisors LLC purchased a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter worth $152,000. Russell Investments Group Ltd. purchased a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter worth $163,000. Delta Capital Management LLC purchased a new stake in John B. Sanfilippo & Son in the second quarter valued at $211,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in John B. Sanfilippo & Son in the second quarter valued at $227,000. 67.86% of the stock is owned by institutional investors.
In other news, CEO Jeffrey T. Sanfilippo sold 8,108 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $71.00, for a total transaction of $575,668.00. Following the transaction, the chief executive officer now directly owns 14,840 shares in the company, valued at $1,053,640. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 22.60% of the company’s stock.
Shares of John B. Sanfilippo & Son stock opened at $63.90 on Monday. John B. Sanfilippo & Son, Inc. has a 52-week low of $54.32 and a 52-week high of $79.37. The company has a current ratio of 1.75, a quick ratio of 0.46 and a debt-to-equity ratio of 0.12. The stock has a market cap of $724.95 million, a PE ratio of 25.66 and a beta of 1.15.
John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.37). John B. Sanfilippo & Son had a return on equity of 12.34% and a net margin of 3.26%. The firm had revenue of $204.29 million for the quarter.
Separately, BidaskClub upgraded shares of John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 7th.
About John B. Sanfilippo & Son
John B. Sanfilippo & Son, Inc, together with 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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