Short Interest in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Decreases By 21.1%

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 153,925 shares, a decrease of 21.1% from the December 15th total of 195,035 shares. Based on an average daily trading volume, of 51,497 shares, the days-to-cover ratio is currently 3.0 days. Approximately 1.9% of the shares of the company are short sold. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 51,497 shares, the days-to-cover ratio is currently 3.0 days.

John B. Sanfilippo & Son Stock Performance

NASDAQ JBSS traded up $1.66 during mid-day trading on Tuesday, reaching $75.15. 34,757 shares of the stock were exchanged, compared to its average volume of 44,171. The company has a market capitalization of $874.75 million, a P/E ratio of 13.37 and a beta of 0.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 2.44. The business’s 50 day moving average is $71.79 and its 200-day moving average is $66.90. John B. Sanfilippo & Son has a 1 year low of $58.47 and a 1 year high of $90.71.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. John B. Sanfilippo & Son had a net margin of 5.84% and a return on equity of 18.92%. The business had revenue of $298.68 million during the quarter, compared to the consensus estimate of $273.93 million.

John B. Sanfilippo & Son Announces Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 1st were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, December 1st. John B. Sanfilippo & Son’s dividend payout ratio is presently 16.01%.

Institutional Trading of John B. Sanfilippo & Son

Institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP raised its stake in shares of John B. Sanfilippo & Son by 2.7% during the 3rd quarter. Quantbot Technologies LP now owns 7,059 shares of the company’s stock worth $454,000 after buying an additional 184 shares during the period. Central Pacific Bank Trust Division grew its stake in John B. Sanfilippo & Son by 6.7% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,200 shares of the company’s stock valued at $206,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC increased its holdings in John B. Sanfilippo & Son by 30.0% in the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock worth $57,000 after acquiring an additional 206 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in John B. Sanfilippo & Son by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,336 shares of the company’s stock worth $378,000 after acquiring an additional 234 shares during the period. Finally, Illinois Municipal Retirement Fund raised its position in John B. Sanfilippo & Son by 5.9% during the third quarter. Illinois Municipal Retirement Fund now owns 4,825 shares of the company’s stock worth $310,000 after acquiring an additional 268 shares during the period. 70.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JBSS has been the subject of several research reports. BWS Financial restated a “buy” rating and set a $109.00 price objective on shares of John B. Sanfilippo & Son in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a report on Monday, December 29th. Zacks Research downgraded John B. Sanfilippo & Son from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Finally, Wall Street Zen upgraded John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 9th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, John B. Sanfilippo & Son currently has a consensus rating of “Hold” and an average target price of $109.00.

About John B. Sanfilippo & Son

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.