John B. Sanfilippo & Son, Inc. $JBSS Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its stake in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 41.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,269 shares of the company’s stock after selling 10,959 shares during the period. Confluence Investment Management LLC’s holdings in John B. Sanfilippo & Son were worth $1,078,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in John B. Sanfilippo & Son by 1,238.7% in the second quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock valued at $26,000 after acquiring an additional 384 shares during the last quarter. Quarry LP acquired a new position in John B. Sanfilippo & Son in the third quarter valued at $32,000. HM Payson & Co. purchased a new position in shares of John B. Sanfilippo & Son during the third quarter worth about $35,000. Virtus Advisers LLC acquired a new stake in shares of John B. Sanfilippo & Son during the third quarter worth about $42,000. Finally, GAMMA Investing LLC increased its position in shares of John B. Sanfilippo & Son by 30.0% during the third quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock worth $57,000 after purchasing an additional 206 shares in the last quarter. 70.64% of the stock is currently owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Price Performance

John B. Sanfilippo & Son stock opened at $74.45 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.27 and a quick ratio of 0.69. The business has a 50 day simple moving average of $77.69 and a 200-day simple moving average of $70.88. John B. Sanfilippo & Son, Inc. has a 12 month low of $58.47 and a 12 month high of $85.15. The stock has a market capitalization of $870.32 million, a PE ratio of 12.43 and a beta of 0.35.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its quarterly earnings data on Thursday, January 29th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. The firm had revenue of $314.78 million for the quarter, compared to analyst estimates of $313.43 million. John B. Sanfilippo & Son had a net margin of 6.15% and a return on equity of 19.54%.

Analysts Set New Price Targets

Several research firms have recently weighed in on JBSS. Wall Street Zen raised John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. BWS Financial reaffirmed a “buy” rating and set a $109.00 price target on shares of John B. Sanfilippo & Son in a research report on Monday, February 2nd. Zacks Research cut John B. Sanfilippo & Son from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of John B. Sanfilippo & Son in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $109.00.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a family‐held processor and marketer of tree nuts and snack nut products. Headquartered in Elgin, Illinois, the company operates manufacturing facilities, processing plants and sales offices across the United States and abroad. It supplies a broad range of channels, including retail, foodservice, industrial and private‐label customers.

The company’s product portfolio spans in‐shell and shelled pecans, walnuts, almonds, cashews, pistachios and peanuts, as well as mixed‐nut blends, chocolate‐covered treats, granolas and specialty snack items.