Lazard Asset Management LLC Boosts Stock Holdings in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)

Lazard Asset Management LLC boosted its stake in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSSGet Rating) by 53.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,747 shares of the company’s stock after acquiring an additional 608 shares during the period. Lazard Asset Management LLC’s holdings in John B. Sanfilippo & Son were worth $126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Board of Administration of Florida Retirement System purchased a new position in shares of John B. Sanfilippo & Son in the 2nd quarter worth $204,000. Los Angeles Capital Management LLC grew its stake in shares of John B. Sanfilippo & Son by 13.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 8,460 shares of the company’s stock worth $613,000 after buying an additional 1,020 shares in the last quarter. Royce & Associates LP grew its stake in shares of John B. Sanfilippo & Son by 8.3% in the 2nd quarter. Royce & Associates LP now owns 550,537 shares of the company’s stock worth $39,908,000 after buying an additional 42,060 shares in the last quarter. Aviva PLC purchased a new position in shares of John B. Sanfilippo & Son in the 2nd quarter worth $2,013,000. Finally, SG Americas Securities LLC grew its stake in shares of John B. Sanfilippo & Son by 525.8% in the 2nd quarter. SG Americas Securities LLC now owns 8,792 shares of the company’s stock worth $637,000 after buying an additional 7,387 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of John B. Sanfilippo & Son from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 6th.

John B. Sanfilippo & Son Price Performance

John B. Sanfilippo & Son stock opened at $86.96 on Wednesday. The firm has a 50-day moving average price of $79.53 and a 200-day moving average price of $76.02. The firm has a market capitalization of $1.00 billion, a PE ratio of 17.39 and a beta of 0.33. The company has a current ratio of 2.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03. John B. Sanfilippo & Son, Inc. has a 12-month low of $67.02 and a 12-month high of $92.10.

John B. Sanfilippo & Son (NASDAQ:JBSSGet Rating) last released its earnings results on Wednesday, August 24th. The company reported $1.50 earnings per share (EPS) for the quarter. The firm had revenue of $257.75 million during the quarter. John B. Sanfilippo & Son had a net margin of 5.91% and a return on equity of 22.24%.

John B. Sanfilippo & Son Cuts Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Friday, December 2nd will be issued a $1.00 dividend. The ex-dividend date is Thursday, December 1st. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is presently 15.00%.

John B. Sanfilippo & Son Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for John B. Sanfilippo & Son (NASDAQ:JBSS)

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