Thrivent Financial for Lutherans Lowers Position in John B. Sanfilippo & Son, Inc. $JBSS

Thrivent Financial for Lutherans cut its stake in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 820,904 shares of the company’s stock after selling 148,651 shares during the period. Thrivent Financial for Lutherans owned 7.05% of John B. Sanfilippo & Son worth $57,955,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JBSS. EverSource Wealth Advisors LLC lifted its holdings in John B. Sanfilippo & Son by 1,238.7% in the second quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock worth $26,000 after buying an additional 384 shares during the period. Quarry LP purchased a new stake in John B. Sanfilippo & Son in the third quarter worth about $32,000. Virtus Advisers LLC purchased a new stake in John B. Sanfilippo & Son in the third quarter worth about $42,000. Tower Research Capital LLC TRC lifted its holdings in John B. Sanfilippo & Son by 225.6% in the second quarter. Tower Research Capital LLC TRC now owns 915 shares of the company’s stock worth $58,000 after buying an additional 634 shares during the period. Finally, AlphaQuest LLC increased its stake in shares of John B. Sanfilippo & Son by 266.1% during the third quarter. AlphaQuest LLC now owns 992 shares of the company’s stock valued at $64,000 after purchasing an additional 721 shares in the last quarter. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JBSS has been the subject of a number of analyst reports. BWS Financial reaffirmed a “buy” rating and set a $109.00 target price on shares of John B. Sanfilippo & Son in a research note on Monday, February 2nd. Wall Street Zen raised shares of John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $109.00.

John B. Sanfilippo & Son Price Performance

Shares of NASDAQ JBSS opened at $74.91 on Friday. John B. Sanfilippo & Son, Inc. has a fifty-two week low of $59.07 and a fifty-two week high of $85.15. The company has a 50 day simple moving average of $78.74 and a two-hundred day simple moving average of $75.34. The company has a market capitalization of $875.70 million, a price-to-earnings ratio of 13.14 and a beta of 0.38. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.65 and a current ratio of 2.30.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.27. John B. Sanfilippo & Son had a net margin of 5.76% and a return on equity of 18.11%. The business had revenue of $281.78 million during the quarter, compared to the consensus estimate of $260.83 million. Analysts expect that John B. Sanfilippo & Son, Inc. will post 5.85 EPS for the current fiscal year.

John B. Sanfilippo & Son Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, May 21st. Investors of record on Monday, April 27th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, April 27th. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is 15.79%.

John B. Sanfilippo & Son Company 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.