Gabelli Funds LLC Purchases 4,500 Shares of John B. Sanfilippo & Son, Inc. $JBSS

Key Points

• Gabelli Funds LLC increased its stake in John B. Sanfilippo & Son, Inc. by 40.9%, acquiring an additional 4,500 shares, bringing its total to 15,500 shares valued at approximately $1,098,000.
• The company recently announced a $0.60 special dividend to be paid out to investors, with a yield of 130.0%, reflecting its dividend payout ratio of 17.89%.
• John B. Sanfilippo & Son reported a quarterly revenue of $269.08 million and an EPS of $1.15, highlighting a net margin of 5.32% and a return on equity of 17.54%.

Gabelli Funds LLC grew its holdings in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Free Report) by 40.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,500 shares of the company's stock after purchasing an additional 4,500 shares during the quarter. Gabelli Funds LLC owned about 0.13% of John B. Sanfilippo & Son worth $1,098,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBSS. Vanguard Group Inc. boosted its holdings in John B. Sanfilippo & Son by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 785,730 shares of the company's stock worth $55,677,000 after buying an additional 79,763 shares during the period. Dimensional Fund Advisors LP raised its holdings in John B. Sanfilippo & Son by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 295,263 shares of the company's stock valued at $25,720,000 after acquiring an additional 5,320 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in John B. Sanfilippo & Son by 8.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 154,566 shares of the company's stock valued at $10,953,000 after acquiring an additional 11,955 shares during the period. Deutsche Bank AG raised its holdings in John B. Sanfilippo & Son by 15.3% during the 1st quarter. Deutsche Bank AG now owns 127,140 shares of the company's stock valued at $9,009,000 after acquiring an additional 16,875 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in John B. Sanfilippo & Son during the 1st quarter valued at $8,985,000. Institutional investors own 70.64% of the company's stock.

John B. Sanfilippo & Son Stock Performance

Shares of NASDAQ:JBSS traded up $0.98 during midday trading on Friday, reaching $64.60. 12,522 shares of the company traded hands, compared to its average volume of 79,776. The company has a quick ratio of 0.59, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. John B. Sanfilippo & Son, Inc. has a 12 month low of $58.47 and a 12 month high of $97.47. The firm has a market capitalization of $751.89 million, a price-to-earnings ratio of 12.86 and a beta of 0.39. The firm's fifty day moving average price is $65.12 and its two-hundred day moving average price is $66.10.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The company reported $1.15 earnings per share (EPS) for the quarter. John B. Sanfilippo & Son had a return on equity of 17.54% and a net margin of 5.32%.The company had revenue of $269.08 million for the quarter.

John B. Sanfilippo & Son Cuts Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, September 11th. Stockholders of record on Tuesday, August 19th will be given a $0.60 dividend. This represents a dividend yield of 130.0%. The ex-dividend date is Tuesday, August 19th. John B. Sanfilippo & Son's dividend payout ratio (DPR) is 17.89%.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc engages in the processing and distribution of nuts and nut-related products. It offers peanuts, pecans, cashews, walnuts, almonds, and other nuts under the brands of Fisher, Orchard Valley Harvest, Squirrel Brand, and Southern Style Nuts. The company was founded by Gaspare Sanfilippo and John B.