Inspire Investing LLC Has $2.19 Million Stock Position in John B. Sanfilippo & Son, Inc. $JBSS

Inspire Investing LLC grew its position in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 316.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,589 shares of the company’s stock after acquiring an additional 20,958 shares during the quarter. Inspire Investing LLC owned 0.24% of John B. Sanfilippo & Son worth $2,189,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JBSS. Ameriprise Financial Inc. raised its stake in shares of John B. Sanfilippo & Son by 260.9% in the second quarter. Ameriprise Financial Inc. now owns 148,896 shares of the company’s stock valued at $9,416,000 after purchasing an additional 107,637 shares in the last quarter. Invenomic Capital Management LP increased its holdings in John B. Sanfilippo & Son by 161.6% in the 4th quarter. Invenomic Capital Management LP now owns 77,474 shares of the company’s stock valued at $5,470,000 after buying an additional 47,864 shares during the period. Deutsche Bank AG raised its stake in shares of John B. Sanfilippo & Son by 22.8% in the 4th quarter. Deutsche Bank AG now owns 256,526 shares of the company’s stock valued at $18,111,000 after buying an additional 47,559 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of John B. Sanfilippo & Son by 77.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 100,329 shares of the company’s stock worth $7,083,000 after acquiring an additional 43,902 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in John B. Sanfilippo & Son by 96.3% in the second quarter. Qube Research & Technologies Ltd now owns 80,173 shares of the company’s stock valued at $5,070,000 after acquiring an additional 39,336 shares during the period. Institutional investors and hedge funds own 70.64% of the company’s stock.

John B. Sanfilippo & Son Stock Performance

John B. Sanfilippo & Son stock opened at $85.99 on Wednesday. The stock has a 50-day simple moving average of $78.30 and a 200 day simple moving average of $77.49. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 15.09 and a beta of 0.34. The company has a quick ratio of 0.65, a current ratio of 2.30 and a debt-to-equity ratio of 0.10. John B. Sanfilippo & Son, Inc. has a 12-month low of $59.07 and a 12-month high of $88.66.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $281.78 million during the quarter, compared to analysts’ expectations of $260.82 million. On average, research analysts anticipate that John B. Sanfilippo & Son, Inc. will post 5.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JBSS. Wall Street Zen downgraded John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded shares of John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $109.00.

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.