Short Interest in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Decreases By 8.2%

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 276,100 shares, a decline of 8.2% from the June 30th total of 300,900 shares. Based on an average trading volume of 60,600 shares, the days-to-cover ratio is presently 4.6 days. Currently, 3.3% of the company’s shares are sold short.

Separately, BidaskClub cut shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Friday, August 9th.

Shares of JBSS stock traded up $0.58 during mid-day trading on Friday, reaching $80.89. The stock had a trading volume of 66,230 shares, compared to its average volume of 51,676. The stock’s 50-day moving average price is $82.19 and its two-hundred day moving average price is $75.51. John B. Sanfilippo & Son has a 52-week low of $53.12 and a 52-week high of $88.70. The firm has a market capitalization of $923.45 million, a PE ratio of 27.58 and a beta of 1.06. The company has a current ratio of 2.13, a quick ratio of 0.57 and a debt-to-equity ratio of 0.09.



The company also recently disclosed an annual dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th will be given a $0.60 dividend. This is a boost from John B. Sanfilippo & Son’s previous annual dividend of $0.55. The ex-dividend date of this dividend is Monday, August 5th. This represents a dividend yield of 0.74%.

Several hedge funds have recently added to or reduced their stakes in JBSS. Public Employees Retirement System of Ohio increased its position in shares of John B. Sanfilippo & Son by 49.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 552 shares of the company’s stock valued at $31,000 after acquiring an additional 182 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in shares of John B. Sanfilippo & Son during the second quarter valued at about $40,000. BNP Paribas Arbitrage SA increased its position in shares of John B. Sanfilippo & Son by 2,467.1% during the first quarter. BNP Paribas Arbitrage SA now owns 1,797 shares of the company’s stock valued at $129,000 after buying an additional 1,727 shares during the period. Bank of Montreal Can increased its position in shares of John B. Sanfilippo & Son by 193.7% during the second quarter. Bank of Montreal Can now owns 1,674 shares of the company’s stock valued at $133,000 after buying an additional 1,104 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of John B. Sanfilippo & Son by 365.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,748 shares of the company’s stock valued at $153,000 after buying an additional 2,157 shares during the period. Hedge funds and other institutional investors own 70.44% of the company’s stock.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc, together with 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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