Insider Buying: John B. Sanfilippo & Son (NASDAQ:JBSS) VP Purchases $11,216.00 in Stock

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) VP Michael Finn bought 200 shares of the stock in a transaction dated Thursday, November 5th. The stock was acquired at an average price of $56.08 per share, with a total value of $11,216.00. Following the completion of the purchase, the vice president owned 7,276 shares of the company’s stock, valued at $408,038.08. This represents a 2.83% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

John B. Sanfilippo & Son Stock Up 0.8%

Shares of NASDAQ JBSS opened at $54.96 on Friday. The firm’s 50-day simple moving average is $66.50 and its 200 day simple moving average is $76.51. The company has a market cap of $642.65 million, a price-to-earnings ratio of 11.50 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. John B. Sanfilippo & Son, Inc. has a 12-month low of $50.73 and a 12-month high of $92.08.

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 net margin of 4.84% and a return on equity of 14.95%. The company had revenue of $288.14 million during the quarter, compared to analyst estimates of $306.92 million. On average, research analysts expect that John B. Sanfilippo & Son, Inc. will post 5.45 earnings per share for the current fiscal year.

Institutional Trading of John B. Sanfilippo & Son

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

Analyst Upgrades and Downgrades

JBSS has been the subject of several research analyst reports. Freedom Capital upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. BWS Financial reiterated 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. Wall Street Zen cut John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research downgraded John B. Sanfilippo & Son from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus 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.