Insider Buying: John B. Sanfilippo & Son (NASDAQ:JBSS) VP Acquires $16,371.00 in Stock

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) VP Michael Finn acquired 300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were bought at an average cost of $54.57 per share, for a total transaction of $16,371.00. Following the acquisition, the vice president owned 7,076 shares of the company’s stock, valued at $386,137.32. This represents a 4.43% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

John B. Sanfilippo & Son Price Performance

Shares of JBSS traded up $2.32 on Wednesday, reaching $54.91. The stock had a trading volume of 203,066 shares, compared to its average volume of 110,771. The firm has a market capitalization of $641.93 million, a PE ratio of 11.49 and a beta of 0.34. The company has a quick ratio of 0.60, a current ratio of 1.96 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $67.71 and a 200 day moving average of $76.80. John B. Sanfilippo & Son, Inc. has a twelve month low of $50.73 and a twelve month high of $92.08.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.42). The firm had revenue of $288.14 million for the quarter, compared to analyst estimates of $306.92 million. John B. Sanfilippo & Son had a return on equity of 14.95% and a net margin of 4.84%. Sell-side analysts expect that John B. Sanfilippo & Son, Inc. will post 5.45 EPS for the current year.

Hedge Funds Weigh In On John B. Sanfilippo & Son

A number of institutional investors have recently made changes to their positions in JBSS. Dimensional Fund Advisors LP lifted its holdings in John B. Sanfilippo & Son by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 312,802 shares of the company’s stock valued at $24,815,000 after purchasing an additional 12,056 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of John B. Sanfilippo & Son in the 2nd quarter worth $9,083,000. Heartland Advisors Inc. lifted its stake in shares of John B. Sanfilippo & Son by 18.6% in the 1st quarter. Heartland Advisors Inc. now owns 70,000 shares of the company’s stock valued at $5,553,000 after purchasing an additional 11,000 shares in the last quarter. Dean Capital Management lifted its position in John B. Sanfilippo & Son by 13.8% during the first quarter. Dean Capital Management now owns 54,044 shares of the company’s stock valued at $4,287,000 after buying an additional 6,566 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of John B. Sanfilippo & Son by 11.3% in the 1st quarter. Principal Financial Group Inc. now owns 48,015 shares of the company’s stock valued at $3,809,000 after acquiring an additional 4,871 shares during the period. 70.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. BWS Financial reaffirmed a “buy” rating and set a $109.00 price target on shares of John B. Sanfilippo & Son in a research note on Wednesday, September 30th. Freedom Capital upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Freedom Broker upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and cut their target price for the stock from $95.00 to $91.00 in a research report on Thursday, August 20th. Wall Street Zen lowered shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $100.00.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a food company that processes, packages and distributes nuts and related snack products. Its product portfolio includes peanuts, tree nuts, seeds, snack mixes, nut butters and other snack foods sold through grocery, mass merchandise, club, convenience and foodservice channels.

The company markets products under brands including Fisher, Orchard Valley Harvest and Sunshine Country, while also producing private-label products for retailers and other customers.