Insider Buying: John B. Sanfilippo & Son (NASDAQ:JBSS) VP Buys 200 Shares of Company Stock

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) VP Michael Finn purchased 200 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were purchased at an average cost of $56.08 per share, with a total value of $11,216.00. Following the completion of the acquisition, the vice president directly owned 7,276 shares in the company, valued at $408,038.08. The trade was a 2.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

John B. Sanfilippo & Son Price Performance

NASDAQ:JBSS traded down $0.31 on Thursday, reaching $54.44. The stock had a trading volume of 217,079 shares, compared to its average volume of 111,268. 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 company has a market capitalization of $636.57 million, a P/E ratio of 11.39 and a beta of 0.34. John B. Sanfilippo & Son, Inc. has a 1-year low of $50.73 and a 1-year high of $92.08. The stock has a fifty day moving average price of $67.31 and a 200-day moving average price of $76.70.

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

Analyst Upgrades and Downgrades

JBSS has been the topic of a number of recent analyst reports. Zacks Research lowered John B. Sanfilippo & Son from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research note on Tuesday, September 8th. Wall Street Zen cut John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. BWS Financial reaffirmed a “buy” rating and issued a $109.00 price target on shares of John B. Sanfilippo & Son in a report on Wednesday, September 30th. Finally, Freedom Broker upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and reduced their price target for the stock from $95.00 to $91.00 in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $100.00.

Institutional Trading of John B. Sanfilippo & Son

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in John B. Sanfilippo & Son in the 2nd quarter worth approximately $32,000. Sound Income Strategies LLC boosted its position in John B. Sanfilippo & Son by 150.9% in the 1st quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock valued at $33,000 after buying an additional 243 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in John B. Sanfilippo & Son in the 2nd quarter valued at $52,000. Parallel Advisors LLC increased its stake in shares of John B. Sanfilippo & Son by 66.1% in the 1st quarter. Parallel Advisors LLC now owns 822 shares of the company’s stock valued at $65,000 after buying an additional 327 shares during the period. Finally, Signaturefd LLC increased its stake in shares of John B. Sanfilippo & Son by 35.3% in the 3rd quarter. Signaturefd LLC now owns 908 shares of the company’s stock valued at $60,000 after buying an additional 237 shares during the period. Institutional investors and hedge funds own 70.64% of the company’s stock.

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.