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John B. Sanfilippo & Son (NASDAQ:JBSS) Shares Up 11.7%

Defense World · Aug 27, 2022 05:11

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS – Get Rating) shares shot up 11.7% during trading on Thursday . The stock traded as high as $80.54 and last traded at $80.54. 427 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 57,984 shares. The stock had previously closed at $72.11.

Analysts Set New Price Targets

Separately, StockNews.com upgraded John B. Sanfilippo & Son from a "buy" rating to a "strong-buy" rating in a research report on Friday.

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John B. Sanfilippo & Son Trading Up 0.4 %

The company has a market cap of $949.51 million, a PE ratio of 15.48 and a beta of 0.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.98 and a quick ratio of 0.53. The company has a 50-day moving average of $73.76 and a 200 day moving average of $77.06.

John B. Sanfilippo & Son Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 12th will be given a dividend of $2.25 per share. The ex-dividend date is Thursday, August 11th. This represents a dividend yield of 3%. John B. Sanfilippo & Son's dividend payout ratio (DPR) is presently 14.10%.

Institutional Trading of John B. Sanfilippo & Son

A number of large investors have recently modified their holdings of JBSS. Cambridge Investment Research Advisors Inc. raised its stake in John B. Sanfilippo & Son by 10.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,235 shares of the company's stock worth $382,000 after buying an additional 384 shares in the last quarter. Arizona State Retirement System purchased a new stake in John B. Sanfilippo & Son in the fourth quarter valued at $215,000. Envestnet Asset Management Inc. boosted its holdings in John B. Sanfilippo & Son by 6.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,805 shares of the company's stock valued at $433,000 after purchasing an additional 301 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in John B. Sanfilippo & Son by 4.0% in the fourth quarter. Victory Capital Management Inc. now owns 6,817 shares of the company's stock valued at $615,000 after purchasing an additional 264 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of John B. Sanfilippo & Son during the 4th quarter worth about $200,000. Hedge funds and other institutional investors own 68.67% of the company's stock.

John B. Sanfilippo & Son Company Profile

(Get Rating)

John B. Sanfilippo & Son, Inc, through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.