John B. Sanfilippo & Son (NASDAQ:JBSS) Stock: Insider Michael Finn Buys 300 Shares

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) VP Michael Finn bought 300 shares of the business’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 transaction, the vice president owned 7,076 shares of the company’s stock, valued at $386,137.32. The trade was a 4.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

John B. Sanfilippo & Son Trading Down 0.4%

Shares of John B. Sanfilippo & Son stock opened at $54.52 on Friday. The stock has a fifty day simple moving average of $66.88 and a 200 day simple moving average of $76.61. John B. Sanfilippo & Son, Inc. has a 12-month low of $50.73 and a 12-month high of $92.08. The company has a market capitalization of $637.34 million, a P/E ratio of 11.41 and a beta of 0.34. The company has a current ratio of 1.96, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $306.92 million. John B. Sanfilippo & Son had a return on equity of 14.95% and a net margin of 4.84%. On average, sell-side analysts anticipate that John B. Sanfilippo & Son, Inc. will post 5.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on JBSS. BWS Financial reissued a “buy” rating and issued a $109.00 price objective on shares of John B. Sanfilippo & Son in a report on Wednesday, September 30th. Freedom Capital raised shares of John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of John B. Sanfilippo & Son in a research note on Tuesday, September 8th. Wall Street Zen cut shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Freedom Broker raised shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and lowered their target price for the company from $95.00 to $91.00 in a report on Thursday, August 20th. One 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 issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $100.00.

Institutional Investors Weigh In On John B. Sanfilippo & Son

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in John B. Sanfilippo & Son during the 2nd quarter worth approximately $9,083,000. Lazard Asset Management LLC lifted its position in John B. Sanfilippo & Son by 65.8% in the 1st quarter. Lazard Asset Management LLC now owns 45,720 shares of the company’s stock valued at $3,627,000 after acquiring an additional 18,142 shares in the last quarter. Corient Private Wealth LP acquired a new position in John B. Sanfilippo & Son in the 2nd quarter worth $1,088,000. Bank of America Corp DE boosted its stake in John B. Sanfilippo & Son by 42.1% in the 1st quarter. Bank of America Corp DE now owns 41,611 shares of the company’s stock worth $3,301,000 after purchasing an additional 12,332 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in John B. Sanfilippo & Son by 4.0% during the 1st 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. 70.64% of the stock is currently owned by institutional investors.

John B. Sanfilippo & Son Company Profile

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.