John B. Sanfilippo & Son, Inc. $JBSS Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 95.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 687 shares of the company’s stock after purchasing an additional 336 shares during the quarter. GAMMA Investing LLC’s holdings in John B. Sanfilippo & Son were worth $43,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC boosted its stake in John B. Sanfilippo & Son by 4.7% during the 2nd quarter. Exchange Traded Concepts LLC now owns 29,995 shares of the company’s stock worth $1,897,000 after purchasing an additional 1,359 shares during the last quarter. Parallel Advisors LLC boosted its stake in John B. Sanfilippo & Son by 264.8% during the 2nd quarter. Parallel Advisors LLC now owns 974 shares of the company’s stock worth $62,000 after purchasing an additional 707 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in John B. Sanfilippo & Son by 20.0% during the 2nd quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the company’s stock worth $190,000 after purchasing an additional 500 shares during the last quarter. Inspire Investing LLC boosted its stake in John B. Sanfilippo & Son by 4.1% during the 1st quarter. Inspire Investing LLC now owns 4,815 shares of the company’s stock worth $341,000 after purchasing an additional 188 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in John B. Sanfilippo & Son by 21.8% during the 1st quarter. Jane Street Group LLC now owns 17,253 shares of the company’s stock worth $1,223,000 after purchasing an additional 3,090 shares during the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on JBSS. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a research note on Saturday, September 27th. BWS Financial assumed coverage on shares of John B. Sanfilippo & Son in a research report on Monday, September 22nd. They set a “buy” rating and a $109.00 price target on the stock. Finally, Zacks Research raised shares of John B. Sanfilippo & Son to a “hold” rating in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, John B. Sanfilippo & Son has an average rating of “Hold” and an average target price of $109.00.

John B. Sanfilippo & Son Stock Performance

Shares of John B. Sanfilippo & Son stock opened at $64.63 on Friday. The firm has a market capitalization of $752.29 million, a P/E ratio of 12.85 and a beta of 0.37. John B. Sanfilippo & Son, Inc. has a 52 week low of $58.47 and a 52 week high of $97.47. The company has a quick ratio of 0.59, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $63.97 and its two-hundred day moving average is $64.86.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its quarterly earnings data on Wednesday, August 20th. The company reported $1.15 earnings per share for the quarter. The business had revenue of $269.08 million during the quarter. John B. Sanfilippo & Son had a return on equity of 17.54% and a net margin of 5.32%.

John B. Sanfilippo & Son Cuts Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, September 11th. Stockholders of record on Tuesday, August 19th were issued a $0.60 dividend. This represents a dividend yield of 130.0%. The ex-dividend date of this dividend was Tuesday, August 19th. John B. Sanfilippo & Son’s dividend payout ratio is presently 17.89%.

John B. Sanfilippo & Son Profile

John B. Sanfilippo & Son, Inc engages in the processing and distribution of nuts and nut-related products. It offers peanuts, pecans, cashews, walnuts, almonds, and other nuts under the brands of Fisher, Orchard Valley Harvest, Squirrel Brand, and Southern Style Nuts. The company was founded by Gaspare Sanfilippo and John B.