Lazard Asset Management LLC Has $3.63 Million Position in John B. Sanfilippo & Son, Inc. $JBSS

Lazard Asset Management LLC raised its stake in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 65.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,720 shares of the company’s stock after acquiring an additional 18,142 shares during the quarter. Lazard Asset Management LLC’s holdings in John B. Sanfilippo & Son were worth $3,627,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC grew its holdings in shares of John B. Sanfilippo & Son by 150.9% in the 1st quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock worth $33,000 after purchasing an additional 243 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of John B. Sanfilippo & Son by 1,238.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 415 shares of the company’s stock worth $26,000 after purchasing an additional 384 shares in the last quarter. Quarry LP acquired a new stake in shares of John B. Sanfilippo & Son during the 3rd quarter worth about $32,000. Leonteq Securities AG bought a new position in John B. Sanfilippo & Son during the 4th quarter valued at about $40,000. Finally, Virtus Advisers LLC bought a new position in John B. Sanfilippo & Son during the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 70.64% of the company’s stock.

John B. Sanfilippo & Son Price Performance

Shares of JBSS stock opened at $82.76 on Friday. The stock’s fifty day moving average is $81.37 and its 200-day moving average is $79.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.65 and a current ratio of 2.30. The stock has a market capitalization of $967.46 million, a PE 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.

John B. Sanfilippo & Son (NASDAQ:JBSS) last announced its earnings results on Wednesday, April 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.27. John B. Sanfilippo & Son had a return on equity of 18.11% and a net margin of 5.76%.The company had revenue of $281.78 million during the quarter, compared to analyst estimates of $260.82 million. Equities research analysts expect 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 disclosed a special dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio is currently 15.79%.

Analysts Set New Price Targets

Several brokerages have weighed in on JBSS. Weiss Ratings raised shares of John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Wall Street Zen raised shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Freedom Capital upgraded shares of John B. Sanfilippo & Son to a “hold” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.