Vanguard Group Inc. Buys 79,763 Shares of John B. Sanfilippo & Son, Inc. $JBSS

Key Points

• Vanguard Group Inc. increased its stake in John B. Sanfilippo & Son, Inc. by 11.3%, owning approximately 6.75%, worth $55.7 million as of the latest filing.
• John B. Sanfilippo & Son reported $1.15 earnings per share with a revenue of $269.08 million during its most recent quarter.
• The company will be paying a special dividend of $0.60 per share, translating to a 130.0% dividend yield, with the ex-dividend date set for August 19.

Vanguard Group Inc. boosted its position in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Free Report) by 11.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 785,730 shares of the company's stock after acquiring an additional 79,763 shares during the period. Vanguard Group Inc. owned approximately 6.75% of John B. Sanfilippo & Son worth $55,677,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in John B. Sanfilippo & Son during the first quarter valued at about $326,000. Costello Asset Management INC bought a new position in John B. Sanfilippo & Son during the first quarter valued at about $34,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in John B. Sanfilippo & Son during the first quarter valued at about $201,000. IFG Advisory LLC bought a new position in John B. Sanfilippo & Son during the first quarter valued at about $1,231,000. Finally, Legato Capital Management LLC increased its stake in John B. Sanfilippo & Son by 21.6% during the first quarter. Legato Capital Management LLC now owns 16,874 shares of the company's stock valued at $1,196,000 after acquiring an additional 3,001 shares during the period. 70.64% of the stock is currently owned by institutional investors.

John B. Sanfilippo & Son Stock Performance

JBSS traded up $0.31 on Friday, hitting $64.90. 73,306 shares of the stock traded hands, compared to its average volume of 88,435. John B. Sanfilippo & Son, Inc. has a 52 week low of $58.47 and a 52 week high of $97.47. The company has a current ratio of 2.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $755.44 million, a PE ratio of 12.90 and a beta of 0.39. The business has a fifty day moving average price of $65.10 and a two-hundred day moving average price of $66.24.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $269.08 million for the quarter.

John B. Sanfilippo & Son Cuts Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, September 11th. Stockholders of record on Tuesday, August 19th will be paid 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 is currently 17.89%.

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.