Confluence Investment Management LLC Sells 1,803 Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)

Confluence Investment Management LLC decreased its position in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,312 shares of the company’s stock after selling 1,803 shares during the quarter. Confluence Investment Management LLC owned approximately 0.26% of John B. Sanfilippo & Son worth $2,859,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. raised its holdings in John B. Sanfilippo & Son by 6.5% in the 2nd quarter. Pacer Advisors Inc. now owns 345,252 shares of the company’s stock worth $33,548,000 after acquiring an additional 21,069 shares during the period. Bank of Montreal Can bought a new stake in John B. Sanfilippo & Son during the 2nd quarter valued at approximately $1,062,000. American Century Companies Inc. increased its position in John B. Sanfilippo & Son by 10.0% in the 2nd quarter. American Century Companies Inc. now owns 115,376 shares of the company’s stock worth $11,211,000 after buying an additional 10,514 shares during the period. Oliver Luxxe Assets LLC lifted its holdings in shares of John B. Sanfilippo & Son by 82.8% during the third quarter. Oliver Luxxe Assets LLC now owns 17,434 shares of the company’s stock worth $1,644,000 after buying an additional 7,895 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC boosted its position in shares of John B. Sanfilippo & Son by 8.2% in the third quarter. Hunter Perkins Capital Management LLC now owns 83,773 shares of the company’s stock valued at $7,901,000 after acquiring an additional 6,331 shares during the period. 70.64% of the stock is currently owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Trading Down 0.1 %

Shares of JBSS opened at $86.29 on Friday. The stock’s 50-day moving average price is $92.72 and its 200 day moving average price is $96.81. The company has a quick ratio of 0.66, a current ratio of 2.06 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 18.56 and a beta of 0.11. John B. Sanfilippo & Son, Inc. has a 12-month low of $79.07 and a 12-month high of $108.96.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its earnings results on Tuesday, August 20th. The company reported $0.86 EPS for the quarter. John B. Sanfilippo & Son had a return on equity of 17.21% and a net margin of 4.90%. The firm had revenue of $269.57 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

John B. Sanfilippo & Son Profile

John B. Sanfilippo & Son, Inc, through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.