Invenomic Capital Management LP Invests $1.90 Million in John B. Sanfilippo & Son, Inc. $JBSS

Invenomic Capital Management LP acquired a new position in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) in the third quarter, HoldingsChannel reports. The fund acquired 29,610 shares of the company’s stock, valued at approximately $1,903,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JBSS. Dean Capital Management boosted its holdings in John B. Sanfilippo & Son by 163.3% during the third quarter. Dean Capital Management now owns 35,657 shares of the company’s stock worth $2,292,000 after buying an additional 22,117 shares during the last quarter. Brevan Howard Capital Management LP increased its stake in shares of John B. Sanfilippo & Son by 19.7% in the 3rd quarter. Brevan Howard Capital Management LP now owns 7,184 shares of the company’s stock valued at $462,000 after acquiring an additional 1,181 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of John B. Sanfilippo & Son in the 3rd quarter valued at approximately $229,000. Ameriprise Financial Inc. raised its position in shares of John B. Sanfilippo & Son by 2.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 152,762 shares of the company’s stock valued at $9,820,000 after acquiring an additional 3,866 shares during the period. Finally, Creative Planning boosted its stake in John B. Sanfilippo & Son by 16.4% during the 3rd quarter. Creative Planning now owns 37,415 shares of the company’s stock worth $2,405,000 after acquiring an additional 5,267 shares during the last quarter. Institutional investors own 70.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on JBSS shares. Zacks Research cut shares of John B. Sanfilippo & Son from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Wall Street Zen upgraded shares of John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a research report on Monday, December 29th. Finally, BWS Financial reissued a “buy” rating and issued a $109.00 price target on shares of John B. Sanfilippo & Son in a report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Trading Up 0.2%

NASDAQ JBSS opened at $76.40 on Tuesday. John B. Sanfilippo & Son, Inc. has a one year low of $58.47 and a one year high of $85.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.27 and a quick ratio of 0.69. The firm has a market cap of $893.12 million, a P/E ratio of 12.75 and a beta of 0.35. The stock’s 50-day moving average is $77.25 and its 200-day moving average is $70.67.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings data on Thursday, January 29th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.17. John B. Sanfilippo & Son had a return on equity of 19.54% and a net margin of 6.15%.The business had revenue of $314.78 million during the quarter, compared to analyst estimates of $313.43 million.

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.