Headlands Technologies LLC Purchases Shares of 10,650 John B. Sanfilippo & Son, Inc. $JBSS

Headlands Technologies LLC purchased a new stake in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,650 shares of the company’s stock, valued at approximately $916,000. Headlands Technologies LLC owned about 0.09% of John B. Sanfilippo & Son at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JBSS. Dimensional Fund Advisors LP increased its position 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 acquiring an additional 12,056 shares during the period. Deutsche Bank AG increased its holdings in shares of John B. Sanfilippo & Son by 22.8% during the fourth quarter. Deutsche Bank AG now owns 256,526 shares of the company’s stock valued at $18,111,000 after purchasing an additional 47,559 shares during the period. Royce & Associates LP raised its holdings in John B. Sanfilippo & Son by 2.5% during the fourth quarter. Royce & Associates LP now owns 249,068 shares of the company’s stock worth $17,584,000 after purchasing an additional 6,170 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of John B. Sanfilippo & Son by 19.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company’s stock worth $14,425,000 after buying an additional 32,800 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in John B. Sanfilippo & Son by 2.6% in the third quarter. Ameriprise Financial Inc. now owns 152,762 shares of the company’s stock worth $9,820,000 after acquiring an additional 3,866 shares in the last quarter. 70.64% of the stock is currently owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Price Performance

NASDAQ:JBSS opened at $73.88 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.08 and a quick ratio of 0.62. John B. Sanfilippo & Son, Inc. has a one year low of $59.07 and a one year high of $92.08. The company has a fifty day moving average price of $82.83 and a 200 day moving average price of $80.08. The stock has a market cap of $863.66 million, a P/E ratio of 14.05 and a beta of 0.32.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.46). The company had revenue of $280.43 million during the quarter, compared to analyst estimates of $274.87 million. John B. Sanfilippo & Son had a return on equity of 16.51% and a net margin of 5.27%. Analysts anticipate that John B. Sanfilippo & Son, Inc. will post 6.42 earnings per share for the current year.

John B. Sanfilippo & Son Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is 18.06%.

Analyst Upgrades and Downgrades

JBSS has been the subject of several recent research reports. Freedom Broker upgraded 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. Wall Street Zen lowered shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. BWS Financial reissued a “buy” rating and set a $109.00 target price on shares of John B. Sanfilippo & Son in a research report on Friday, August 21st. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.00.

John B. Sanfilippo & Son 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.