John B. Sanfilippo & Son, Inc. $JBSS Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing cut its JBSS stake by 73.6% in the third quarter, selling 26,748 shares and retaining 9,595 shares valued at approximately $638,000. Institutional investors collectively own 70.64% of the company.
• John B. Sanfilippo & Son reported quarterly EPS of $1.11, missing the $1.53 analyst consensus, while revenue of $288.14 million also fell short of expectations.
• JBSS shares opened at $66.34, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating with a $100 price target.

Inspire Investing LLC lowered its holdings in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Free Report) by 73.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,595 shares of the company's stock after selling 26,748 shares during the period. Inspire Investing LLC owned approximately 0.08% of John B. Sanfilippo & Son worth $638,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in shares of John B. Sanfilippo & Son in the second quarter valued at approximately $9,083,000. Strs Ohio purchased a new position in John B. Sanfilippo & Son in the 1st quarter worth approximately $579,000. Lazard Asset Management LLC raised its position in shares of John B. Sanfilippo & Son by 65.8% during the 1st quarter. Lazard Asset Management LLC now owns 45,720 shares of the company's stock valued at $3,627,000 after buying an additional 18,142 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of John B. Sanfilippo & Son by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 312,802 shares of the company's stock worth $24,815,000 after acquiring an additional 12,056 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of John B. Sanfilippo & Son by 42.1% during the 1st quarter. Bank of America Corp DE now owns 41,611 shares of the company's stock worth $3,301,000 after acquiring an additional 12,332 shares during the last quarter. Hedge funds and other institutional investors own 70.64% of the company's stock.

John B. Sanfilippo & Son Price Performance

Shares of John B. Sanfilippo & Son stock opened at $66.34 on Thursday. The company's fifty day simple moving average is $69.50 and its two-hundred day simple moving average is $77.16. John B. Sanfilippo & Son, Inc. has a 12-month low of $59.07 and a 12-month high of $92.08. The firm has a market cap of $775.51 million, a PE ratio of 12.61 and a beta of 0.32. The company has a quick ratio of 0.62, a current ratio of 2.08 and a debt-to-equity ratio of 0.11.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.42). The business had revenue of $288.14 million for the quarter, compared to analysts' expectations of $306.92 million. John B. Sanfilippo & Son had a net margin of 5.27% and a return on equity of 16.51%. As a group, equities analysts expect that John B. Sanfilippo & Son, Inc. will post 5.56 EPS for the current year.

Analysts Set New Price Targets

JBSS has been the subject of several research reports. Wall Street Zen lowered shares of John B. Sanfilippo & Son from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Freedom Capital upgraded John B. Sanfilippo & Son from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. Freedom Broker upgraded John B. Sanfilippo & Son from a "hold" rating to a "buy" rating and lowered their price target for the company from $95.00 to $91.00 in a research report on Thursday, August 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of John B. Sanfilippo & Son in a research note on Tuesday, September 8th. Finally, BWS Financial reiterated a "buy" rating and issued a $109.00 price objective on shares of John B. Sanfilippo & Son in a report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.00.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a food company that processes, packages and distributes nuts and related snack products. Its product portfolio includes peanuts, tree nuts, seeds, snack mixes, nut butters and other snack foods sold through grocery, mass merchandise, club, convenience and foodservice channels.

The company markets products under brands including Fisher, Orchard Valley Harvest and Sunshine Country, while also producing private-label products for retailers and other customers.

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