Russell Investments Group Ltd. Purchases 1,429 Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)

Russell Investments Group Ltd. raised its stake in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 34.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,606 shares of the company’s stock after acquiring an additional 1,429 shares during the quarter. Russell Investments Group Ltd.’s holdings in John B. Sanfilippo & Son were worth $543,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of JBSS. Raymond James Financial Services Advisors Inc. boosted its position in shares of John B. Sanfilippo & Son by 35.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,706 shares of the company’s stock worth $1,644,000 after purchasing an additional 5,166 shares in the last quarter. US Bancorp DE lifted its holdings in shares of John B. Sanfilippo & Son by 27.4% in the 1st quarter. US Bancorp DE now owns 1,474 shares of the company’s stock valued at $123,000 after buying an additional 317 shares during the period. Citigroup Inc. raised its holdings in John B. Sanfilippo & Son by 1.6% in the 1st quarter. Citigroup Inc. now owns 8,845 shares of the company’s stock worth $738,000 after purchasing an additional 142 shares during the period. PNC Financial Services Group Inc. raised its holdings in John B. Sanfilippo & Son by 244.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,307 shares of the company’s stock worth $108,000 after purchasing an additional 928 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in John B. Sanfilippo & Son by 58.5% in the 1st quarter. MetLife Investment Management LLC now owns 4,515 shares of the company’s stock worth $377,000 after purchasing an additional 1,666 shares during the period. Institutional investors own 70.58% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on John B. Sanfilippo & Son in a research report on Thursday, August 17th. They issued a “buy” rating for the company.

John B. Sanfilippo & Son Stock Down 0.2 %

NASDAQ:JBSS opened at $100.14 on Friday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 18.54 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 2.97 and a debt-to-equity ratio of 0.02. John B. Sanfilippo & Son, Inc. has a 52 week low of $74.33 and a 52 week high of $127.26. The stock’s fifty day moving average is $108.56 and its two-hundred day moving average is $106.31.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its earnings results on Wednesday, August 23rd. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.86 by $0.40. John B. Sanfilippo & Son had a return on equity of 22.26% and a net margin of 6.29%. The firm had revenue of $234.22 million for the quarter.

John B. Sanfilippo & Son Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $2.00 per share. The ex-dividend date is Monday, August 21st. This represents a dividend yield of 1.78%. John B. Sanfilippo & Son’s payout ratio is 14.81%.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc, through 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.