Maxi Investments CY Ltd Makes New Investment in John B. Sanfilippo & Son, Inc. $JBSS

Maxi Investments CY Ltd acquired a new position in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 16,062 shares of the company’s stock, valued at approximately $1,134,000.

Other institutional investors have also added to or reduced their stakes in the company. Martin & Co. Inc. TN grew its position in shares of John B. Sanfilippo & Son by 33.0% during the 3rd quarter. Martin & Co. Inc. TN now owns 65,894 shares of the company’s stock valued at $4,236,000 after purchasing an additional 16,338 shares in the last quarter. Heartland Advisors Inc. raised its position in John B. Sanfilippo & Son by 450.0% during the third quarter. Heartland Advisors Inc. now owns 55,000 shares of the company’s stock valued at $3,535,000 after purchasing an additional 45,000 shares in the last quarter. SG Americas Securities LLC boosted its stake in John B. Sanfilippo & Son by 186.8% in the third quarter. SG Americas Securities LLC now owns 15,650 shares of the company’s stock worth $1,006,000 after buying an additional 10,194 shares in the last quarter. Legato Capital Management LLC boosted its stake in shares of John B. Sanfilippo & Son by 163.3% in the 3rd quarter. Legato Capital Management LLC now owns 22,319 shares of the company’s stock valued at $1,435,000 after purchasing an additional 13,841 shares in the last quarter. Finally, Dean Capital Management grew its stake in shares of John B. Sanfilippo & Son by 163.3% during the third quarter. Dean Capital Management now owns 35,657 shares of the company’s stock valued at $2,292,000 after buying an additional 22,117 shares during the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JBSS. BWS Financial reissued a “buy” rating and set a $109.00 price objective on shares of John B. Sanfilippo & Son in a research note on Monday, February 2nd. Wall Street Zen lowered shares of John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, John B. Sanfilippo & Son currently has a consensus rating of “Hold” and an average target price of $109.00.

John B. Sanfilippo & Son Price Performance

Shares of John B. Sanfilippo & Son stock opened at $78.10 on Friday. The company has a market cap of $912.75 million, a PE ratio of 13.70 and a beta of 0.38. The business has a 50 day moving average of $79.40 and a 200 day moving average of $74.82. John B. Sanfilippo & Son, Inc. has a 52 week low of $58.47 and a 52 week high of $85.15. 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 (NASDAQ:JBSS) last posted its earnings results on Wednesday, April 29th. The company reported $1.43 EPS for the quarter, topping 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 $260.83 million. As a group, equities research analysts forecast that John B. Sanfilippo & Son, Inc. will post 5.85 earnings per share for the current year.

John B. Sanfilippo & Son Dividend Announcement

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

About John B. Sanfilippo & Son

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.