John B. Sanfilippo & Son (NASDAQ:JBSS) Stock: Insider Michael Finn Purchases 200 Shares

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

John B. Sanfilippo & Son Stock Performance

Shares of John B. Sanfilippo & Son stock opened at $54.96 on Friday. The business has a 50 day moving average price of $66.50 and a 200-day moving average price of $76.51. John B. Sanfilippo & Son, Inc. has a 52 week low of $50.73 and a 52 week high of $92.08. The company has a market cap of $642.48 million, a PE ratio of 11.27 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 (NASDAQ:JBSS) last released its quarterly earnings data on Wednesday, October 28th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.42). The firm had revenue of $288.14 million for the quarter, compared to the consensus estimate of $306.92 million. John B. Sanfilippo & Son had a net margin of 4.84% and a return on equity of 14.95%. Equities analysts anticipate that John B. Sanfilippo & Son, Inc. will post 5.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on JBSS. Freedom Broker upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating and lowered their price objective for the company from $95.00 to $91.00 in a research report on Thursday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of John B. Sanfilippo & Son in a report on Tuesday, September 8th. BWS Financial reiterated a “buy” rating and set a $109.00 target price 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 report on Saturday, August 8th. Finally, Freedom Capital upgraded John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, John B. Sanfilippo & Son presently has an average rating of “Moderate Buy” and an average target price of $100.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter worth $32,000. Sound Income Strategies LLC boosted its holdings in shares of John B. Sanfilippo & Son by 150.9% in the 1st quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock worth $33,000 after acquiring an additional 243 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of John B. Sanfilippo & Son in the 2nd quarter valued at about $52,000. Signaturefd LLC grew its position in shares of John B. Sanfilippo & Son by 35.3% during the 3rd quarter. Signaturefd LLC now owns 908 shares of the company’s stock worth $60,000 after purchasing an additional 237 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of John B. Sanfilippo & Son by 66.1% during the first quarter. Parallel Advisors LLC now owns 822 shares of the company’s stock valued at $65,000 after buying an additional 327 shares during the last quarter. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

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.