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 bought 300 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was bought at an average cost of $54.57 per share, with a total value of $16,371.00. Following the completion of the transaction, the vice president owned 7,076 shares in the company, valued at approximately $386,137.32. This trade represents a 4.43% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

John B. Sanfilippo & Son Stock Up 0.8%

Shares of NASDAQ JBSS opened at $54.96 on Friday. John B. Sanfilippo & Son, Inc. has a 1 year low of $50.73 and a 1 year high of $92.08. The company has a market cap of $642.48 million, a P/E ratio of 11.27 and a beta of 0.34. The firm has a 50-day simple moving average of $66.50 and a two-hundred day simple moving average of $76.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.96 and a quick ratio of 0.60.

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

Institutional Trading of John B. Sanfilippo & Son

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBSS. Illinois Municipal Retirement Fund increased its holdings in John B. Sanfilippo & Son by 9.4% during the third quarter. Illinois Municipal Retirement Fund now owns 4,847 shares of the company’s stock worth $322,000 after buying an additional 415 shares during the last quarter. CenterBook Partners LP bought a new position in John B. Sanfilippo & Son in the 3rd quarter worth approximately $231,000. Signaturefd LLC lifted its holdings in shares of John B. Sanfilippo & Son by 35.3% during the 3rd quarter. Signaturefd LLC now owns 908 shares of the company’s stock worth $60,000 after acquiring an additional 237 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of John B. Sanfilippo & Son by 42.7% during the third quarter. Nisa Investment Advisors LLC now owns 4,366 shares of the company’s stock worth $290,000 after purchasing an additional 1,307 shares during the period. Finally, Viking Fund Management LLC purchased a new stake in shares of John B. Sanfilippo & Son in the 3rd quarter worth approximately $532,000. 70.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Freedom Capital raised John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Freedom Broker raised John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and cut their price objective for the stock from $95.00 to $91.00 in a report on Thursday, August 20th. BWS Financial reaffirmed a “buy” rating and issued a $109.00 price objective on shares of John B. Sanfilippo & Son in a research report on Wednesday, September 30th. Finally, Zacks Research cut John B. Sanfilippo & Son from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued 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 an average price target 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.