John B. Sanfilippo & Son, Inc. $JBSS Holdings Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,470 shares of the company’s stock after purchasing an additional 1,853 shares during the quarter. Bank of New York Mellon Corp owned 1.11% of John B. Sanfilippo & Son worth $8,251,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of John B. Sanfilippo & Son during the first quarter worth $8,985,000. Vanguard Group Inc. boosted its holdings in shares of John B. Sanfilippo & Son by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 785,730 shares of the company’s stock valued at $55,677,000 after buying an additional 79,763 shares during the period. Gamco Investors INC. ET AL grew its position in shares of John B. Sanfilippo & Son by 49.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 130,805 shares of the company’s stock valued at $9,269,000 after buying an additional 43,160 shares during the last quarter. Nuveen LLC acquired a new stake in John B. Sanfilippo & Son during the first quarter worth about $1,813,000. Finally, Hunter Perkins Capital Management LLC lifted its holdings in John B. Sanfilippo & Son by 21.1% in the second quarter. Hunter Perkins Capital Management LLC now owns 144,998 shares of the company’s stock worth $9,170,000 after acquiring an additional 25,229 shares during the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.

Analyst Upgrades and Downgrades

JBSS has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of John B. Sanfilippo & Son in a report on Wednesday. Zacks Research upgraded John B. Sanfilippo & Son to a “hold” rating in a research report on Tuesday, September 23rd. Wall Street Zen raised John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 9th. Finally, BWS Financial reissued a “buy” rating and set a $109.00 price target on shares of John B. Sanfilippo & Son in a report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Stock Performance

Shares of John B. Sanfilippo & Son stock opened at $68.90 on Friday. 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 has a market cap of $802.27 million, a price-to-earnings ratio of 12.26 and a beta of 0.36. The business has a fifty day simple moving average of $64.18 and a 200-day simple moving average of $63.97. John B. Sanfilippo & Son, Inc. has a fifty-two week low of $58.47 and a fifty-two week high of $91.98.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its earnings results on Wednesday, October 29th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. The business had revenue of $298.68 million for the quarter, compared to the consensus estimate of $273.93 million. John B. Sanfilippo & Son had a net margin of 5.84% and a return on equity of 19.17%.

John B. Sanfilippo & Son Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, December 1st. John B. Sanfilippo & Son’s payout ratio is presently 16.01%.

John B. Sanfilippo & Son Company 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.