Arizona State Retirement System Purchases Shares of 2,519 John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)

Arizona State Retirement System bought a new position in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,519 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its position in John B. Sanfilippo & Son by 7.3% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 3,230 shares of the company’s stock worth $263,000 after buying an additional 220 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in John B. Sanfilippo & Son by 49.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,838 shares of the company’s stock valued at $393,000 after purchasing an additional 1,603 shares during the period. Martin & Co. Inc. TN boosted its position in shares of John B. Sanfilippo & Son by 2.9% in the fourth quarter. Martin & Co. Inc. TN now owns 53,413 shares of the company’s stock valued at $4,344,000 after acquiring an additional 1,488 shares during the period. Hodges Capital Management Inc. increased its position in John B. Sanfilippo & Son by 712.5% during the fourth quarter. Hodges Capital Management Inc. now owns 32,500 shares of the company’s stock worth $2,643,000 after acquiring an additional 28,500 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of John B. Sanfilippo & Son by 43.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,300 shares of the company’s stock valued at $675,000 after buying an additional 2,500 shares in the last quarter. Institutional investors own 69.47% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on John B. Sanfilippo & Son in a research report on Thursday, May 18th. They issued a “buy” rating on the stock.

John B. Sanfilippo & Son Trading Up 1.3 %

NASDAQ JBSS opened at $115.09 on Thursday. John B. Sanfilippo & Son, Inc. has a twelve month low of $67.02 and a twelve month high of $119.33. The company has a quick ratio of 0.82, a current ratio of 2.67 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 20.41 and a beta of 0.32. The business’s fifty day moving average is $103.87 and its 200 day moving average is $91.93.

John B. Sanfilippo & Son Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st will be given a dividend of $1.50 per share. This is an increase from John B. Sanfilippo & Son’s previous None dividend of $1.00. The ex-dividend date of this dividend is Wednesday, May 31st. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is 13.30%.

John B. Sanfilippo & Son Profile

(Get Rating)

John B. Sanfilippo & Son, Inc engages in selling nut and nut products through distribution channels. It offers dried fruit based products that are sold under, Fisher nuts, Orchard Valley Harvest, Southern Style Nuts, and Squirrel Brand. The company was founded by Gaspare Sanfilippo and John B. Sanfilippo in 1922 and is headquartered in Elgin, IL.