Insider Buying: John B. Sanfilippo & Son (NASDAQ:JBSS) VP Purchases $16,371.00 in Stock

Key Points

• VP Michael Finn bought 300 JBSS shares at $54.57 each, spending $16,371 and increasing his direct stake by 4.43% to 7,076 shares.
• The company missed quarterly expectations, reporting EPS of $1.11 versus $1.53 forecast and revenue of $288.14 million versus $306.92 million expected.
• Analyst views are mixed, though MarketBeat reports a consensus “Moderate Buy” rating and a $100 target price; the stock traded at $54.91 in the article.

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Get Free Report) VP Michael Finn purchased 300 shares of the business's stock in a transaction that occurred on Wednesday, November 4th. The shares were bought at an average price of $54.57 per share, for a total transaction of $16,371.00. Following the completion of the purchase, the vice president directly owned 7,076 shares in the company, valued at $386,137.32. This represents a 4.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

John B. Sanfilippo & Son Stock Performance

JBSS traded up $2.32 on Wednesday, reaching $54.91. The company had a trading volume of 203,066 shares, compared to its average volume of 110,771. The company has a quick ratio of 0.60, a current ratio of 1.96 and a debt-to-equity ratio of 0.12. John B. Sanfilippo & Son, Inc. has a 1 year low of $50.73 and a 1 year high of $92.08. The stock has a market capitalization of $641.93 million, a PE ratio of 11.49 and a beta of 0.34. The stock has a 50-day moving average price of $67.71 and a 200-day moving average price of $76.80.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $1.11 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.42). John B. Sanfilippo & Son had a return on equity of 14.95% and a net margin of 4.84%. The firm had revenue of $288.14 million for the quarter, compared to analyst estimates of $306.92 million. As a group, research analysts forecast that John B. Sanfilippo & Son, Inc. will post 5.45 EPS for the current fiscal year.

Institutional Trading of John B. Sanfilippo & Son

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBSS. CenterBook Partners LP purchased a new position in John B. Sanfilippo & Son in the 3rd quarter valued at $231,000. Signaturefd LLC raised its stake in shares of John B. Sanfilippo & Son by 35.3% during the 3rd quarter. Signaturefd LLC now owns 908 shares of the company's stock worth $60,000 after buying an additional 237 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of John B. Sanfilippo & Son by 42.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,366 shares of the company's stock valued at $290,000 after buying an additional 1,307 shares during the period. Viking Fund Management LLC acquired a new stake in shares of John B. Sanfilippo & Son in the 3rd quarter valued at approximately $532,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of John B. Sanfilippo & Son in the second quarter valued at approximately $254,000. 70.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JBSS has been the topic of several research analyst reports. Wall Street Zen lowered John B. Sanfilippo & Son from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Zacks Research cut John B. Sanfilippo & Son from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 1st. Weiss Ratings reissued a "hold (c)" rating on shares of John B. Sanfilippo & Son in a report on Tuesday, September 8th. Freedom Capital raised John B. Sanfilippo & Son from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. Finally, Freedom Broker upgraded shares of John B. Sanfilippo & Son from a "hold" rating to a "buy" rating and lowered their target price for the stock from $95.00 to $91.00 in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $100.00.

John B. Sanfilippo & Son Company Profile

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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