John B. Sanfilippo & Son, Inc. $JBSS Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lessened its stake in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 41.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,269 shares of the company’s stock after selling 10,959 shares during the quarter. Confluence Investment Management LLC owned 0.13% of John B. Sanfilippo & Son worth $1,078,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in John B. Sanfilippo & Son by 1,238.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock valued at $26,000 after purchasing an additional 384 shares during the last quarter. Quarry LP acquired a new position in John B. Sanfilippo & Son during the third quarter worth $32,000. HM Payson & Co. acquired a new position in John B. Sanfilippo & Son during the third quarter worth $35,000. Virtus Advisers LLC purchased a new position in shares of John B. Sanfilippo & Son during the third quarter worth $42,000. Finally, GAMMA Investing LLC boosted its position in shares of John B. Sanfilippo & Son by 30.0% during the third quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock worth $57,000 after buying an additional 206 shares during the period. 70.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JBSS shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a report on Monday, December 29th. Wall Street Zen upgraded John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Zacks Research lowered shares of John B. Sanfilippo & Son from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Finally, BWS Financial reissued a “buy” rating and set a $109.00 price target on shares of John B. Sanfilippo & Son in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $109.00.

John B. Sanfilippo & Son Trading Down 2.2%

Shares of NASDAQ:JBSS opened at $74.45 on Friday. John B. Sanfilippo & Son, Inc. has a 52 week low of $58.47 and a 52 week high of $85.15. The company’s 50 day moving average is $77.69 and its two-hundred day moving average is $70.88. The company has a market cap of $870.32 million, a PE ratio of 12.43 and a beta of 0.35. The company has a current ratio of 2.27, a quick ratio of 0.69 and a debt-to-equity ratio of 0.08.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its quarterly earnings data on Thursday, January 29th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.17. The business had revenue of $314.78 million during the quarter, compared to analysts’ expectations of $313.43 million. John B. Sanfilippo & Son had a net margin of 6.15% and a return on equity of 19.54%.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc is a family‐held processor and marketer of tree nuts and snack nut products. Headquartered in Elgin, Illinois, the company operates manufacturing facilities, processing plants and sales offices across the United States and abroad. It supplies a broad range of channels, including retail, foodservice, industrial and private‐label customers.

The company’s product portfolio spans in‐shell and shelled pecans, walnuts, almonds, cashews, pistachios and peanuts, as well as mixed‐nut blends, chocolate‐covered treats, granolas and specialty snack items.