Royce & Associates LP Cuts Position in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)

Key Points

• Royce & Associates LP has decreased its holdings in John B. Sanfilippo & Son, Inc. by selling 39,251 shares, resulting in an 11.4% reduction in their investment.
• John B. Sanfilippo & Son, Inc. has declared a special dividend of $0.60 per share, with a payout ratio of 17.93% and a dividend yield of 1.3%.
• The company's stock has seen a decline of 0.9%, with current trading at $68.07 and a market capitalization of approximately $800.50 million.

Royce & Associates LP trimmed its holdings in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Free Report) by 11.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 303,846 shares of the company's stock after selling 39,251 shares during the quarter. Royce & Associates LP owned about 2.61% of John B. Sanfilippo & Son worth $21,531,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBSS. Raymond James Financial Inc. purchased a new stake in John B. Sanfilippo & Son in the fourth quarter valued at approximately $5,943,000. Two Sigma Investments LP lifted its stake in John B. Sanfilippo & Son by 148.9% in the fourth quarter. Two Sigma Investments LP now owns 89,773 shares of the company's stock valued at $7,820,000 after buying an additional 53,702 shares during the last quarter. Deutsche Bank AG lifted its stake in John B. Sanfilippo & Son by 42.8% in the fourth quarter. Deutsche Bank AG now owns 110,265 shares of the company's stock valued at $9,605,000 after buying an additional 33,061 shares during the last quarter. Dean Investment Associates LLC purchased a new stake in John B. Sanfilippo & Son in the fourth quarter valued at approximately $2,851,000. Finally, Norges Bank purchased a new stake in John B. Sanfilippo & Son in the fourth quarter valued at approximately $2,814,000. 70.64% of the stock is owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Stock Performance

NASDAQ JBSS traded down $0.53 on Monday, reaching $67.55. The stock had a trading volume of 14,912 shares, compared to its average volume of 79,433. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.53 and a current ratio of 2.01. John B. Sanfilippo & Son, Inc. has a 12-month low of $58.47 and a 12-month high of $105.63. The business's 50-day moving average price is $64.21 and its 200 day moving average price is $69.19. The stock has a market cap of $794.26 million, a P/E ratio of 14.25 and a beta of 0.35.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.72 earnings per share for the quarter. John B. Sanfilippo & Son had a return on equity of 16.98% and a net margin of 5.00%. The company had revenue of $260.91 million during the quarter.

John B. Sanfilippo & Son Cuts Dividend

The business also recently declared a special dividend, which will be paid on Thursday, September 11th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.60 per share. This represents a dividend yield of 1.3%. The ex-dividend date is Tuesday, August 19th. John B. Sanfilippo & Son's dividend payout ratio (DPR) is presently 18.99%.

John B. Sanfilippo & Son 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.