Gamco Investors INC. ET AL Has $15.23 Million Stake in John B. Sanfilippo & Son, Inc. $JBSS

Gamco Investors INC. ET AL lowered its stake in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,025 shares of the company’s stock after selling 12,300 shares during the quarter. Gamco Investors INC. ET AL’s holdings in John B. Sanfilippo & Son were worth $15,233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC lifted its position in shares of John B. Sanfilippo & Son by 150.9% during the 1st quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock valued at $33,000 after acquiring an additional 243 shares during the period. EverSource Wealth Advisors LLC raised its stake in John B. Sanfilippo & Son by 1,238.7% in the second quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock valued at $26,000 after purchasing an additional 384 shares in the last quarter. Quarry LP bought a new stake in John B. Sanfilippo & Son during the third quarter worth about $32,000. Leonteq Securities AG acquired a new stake in John B. Sanfilippo & Son during the fourth quarter worth about $40,000. Finally, Virtus Advisers LLC acquired a new stake in John B. Sanfilippo & Son during the third quarter worth about $42,000. 70.64% of the stock is owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Stock Up 1.0%

Shares of NASDAQ JBSS opened at $81.19 on Friday. The company has a market cap of $949.11 million, a price-to-earnings ratio of 14.24 and a beta of 0.32. The company has a current ratio of 2.30, a quick ratio of 0.65 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 $92.08. The stock has a 50-day moving average price of $80.61 and a two-hundred day moving average price of $78.93.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $281.78 million for the quarter, compared to the consensus estimate of $260.82 million. As a group, 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 business also recently disclosed a special dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio is presently 15.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JBSS shares. Weiss Ratings upgraded shares of John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Freedom Capital raised shares of John B. Sanfilippo & Son to a “hold” rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.