John B. Sanfilippo & Son, Inc. $JBSS Shares Acquired by Heartland Advisors Inc.

Heartland Advisors Inc. lifted its position in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 18.6% during the 1st quarter, HoldingsChannel reports. The fund owned 70,000 shares of the company’s stock after purchasing an additional 11,000 shares during the period. Heartland Advisors Inc.’s holdings in John B. Sanfilippo & Son were worth $5,553,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of JBSS. Illinois Municipal Retirement Fund increased its stake in shares of John B. Sanfilippo & Son by 4.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 4,907 shares of the company’s stock valued at $389,000 after purchasing an additional 220 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in John B. Sanfilippo & Son by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,336 shares of the company’s stock worth $378,000 after purchasing an additional 234 shares during the period. Sound Income Strategies LLC boosted its position in John B. Sanfilippo & Son by 150.9% during the first quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock worth $33,000 after purchasing an additional 243 shares in the last quarter. Bank of New York Mellon Corp boosted its position in John B. Sanfilippo & Son by 0.3% during the first quarter. Bank of New York Mellon Corp now owns 101,226 shares of the company’s stock worth $8,030,000 after purchasing an additional 282 shares in the last quarter. Finally, Swiss National Bank grew its holdings in John B. Sanfilippo & Son by 1.7% in the fourth quarter. Swiss National Bank now owns 17,776 shares of the company’s stock valued at $1,255,000 after purchasing an additional 300 shares during the period. 70.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on JBSS shares. Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Wall Street Zen lowered John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Freedom Capital raised shares of John B. Sanfilippo & Son to a “hold” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $109.00.

John B. Sanfilippo & Son Price Performance

JBSS stock opened at $79.47 on Monday. John B. Sanfilippo & Son, Inc. has a 52 week low of $59.07 and a 52 week high of $92.08. The company has a quick ratio of 0.65, a current ratio of 2.30 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $80.12 and a 200-day simple moving average of $78.65. The stock has a market capitalization of $929.00 million, a P/E ratio of 13.94 and a beta of 0.32.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.27. John B. Sanfilippo & Son had a return on equity of 18.11% and a net margin of 5.76%.The firm had revenue of $281.78 million for the quarter, compared to analyst estimates of $260.82 million. Equities analysts forecast that John B. Sanfilippo & Son, Inc. will post 5.85 earnings per share for the current fiscal year.

John B. Sanfilippo & Son Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be issued a $1.05 dividend. The ex-dividend date is Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is presently 15.79%.

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.