Renaissance Technologies LLC Trims Position in John B. Sanfilippo & Son, Inc. $JBSS

Renaissance Technologies LLC decreased its stake in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,345 shares of the company’s stock after selling 17,500 shares during the quarter. Renaissance Technologies LLC’s holdings in John B. Sanfilippo & Son were worth $14,703,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in shares of John B. Sanfilippo & Son during the first quarter valued at approximately $579,000. Maxi Investments CY Ltd bought a new position in John B. Sanfilippo & Son in the fourth quarter worth approximately $1,134,000. Horizon Investments LLC bought a new position in John B. Sanfilippo & Son in the fourth quarter worth approximately $586,000. Gamco Investors INC. ET AL grew its stake in John B. Sanfilippo & Son by 19.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company’s stock worth $14,425,000 after purchasing an additional 32,800 shares in the last quarter. Finally, Dean Capital Management increased its holdings in John B. Sanfilippo & Son by 33.2% during the 4th quarter. Dean Capital Management now owns 47,478 shares of the company’s stock worth $3,352,000 after purchasing an additional 11,821 shares during the period. 70.64% of the stock is owned by hedge funds and other institutional investors.

John B. Sanfilippo & Son Stock Performance

Shares of JBSS stock opened at $82.76 on Friday. The firm has a market cap of $967.46 million, a price-to-earnings ratio of 14.52 and a beta of 0.32. John B. Sanfilippo & Son, Inc. has a 52-week low of $59.07 and a 52-week high of $92.08. The company has a quick ratio of 0.65, a current ratio of 2.30 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $81.37 and its 200 day moving average is $79.40.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.27. The company had revenue of $281.78 million during the quarter, compared to analyst estimates of $260.82 million. John B. Sanfilippo & Son had a return on equity of 18.11% and a net margin of 5.76%. On average, sell-side analysts anticipate that John B. Sanfilippo & Son, Inc. will post 5.85 EPS for the current fiscal year.

John B. Sanfilippo & Son Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be issued a $1.05 dividend. The ex-dividend date is Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is currently 15.79%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JBSS. Freedom Capital raised John B. Sanfilippo & Son to a “hold” rating in a research report on Tuesday, June 30th. Wall Street Zen raised John B. Sanfilippo & Son from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Profile

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.