Short Interest in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Increases By 40.7%

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 211,400 shares, a growth of 40.7% from the September 30th total of 150,200 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average trading volume of 96,800 shares, the short-interest ratio is presently 2.2 days.

In related news, Director Jim Edgar sold 3,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $85.50, for a total value of $256,500.00. Following the completion of the transaction, the director now directly owns 20,634 shares in the company, valued at $1,764,207. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Frank S. Pellegrino sold 1,116 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $93.05, for a total transaction of $103,843.80. Following the completion of the transaction, the vice president now owns 16,651 shares of the company’s stock, valued at $1,549,375.55. The disclosure for this sale can be found here. Insiders sold 30,513 shares of company stock valued at $2,900,548 over the last quarter. 22.35% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of JBSS. C M Bidwell & Associates Ltd. purchased a new stake in John B. Sanfilippo & Son during the second quarter valued at about $40,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of John B. Sanfilippo & Son by 143.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 603 shares of the company’s stock valued at $58,000 after acquiring an additional 355 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of John B. Sanfilippo & Son by 714.7% during the third quarter. Tower Research Capital LLC TRC now owns 611 shares of the company’s stock valued at $59,000 after acquiring an additional 536 shares during the last quarter. Convergence Investment Partners LLC bought a new position in shares of John B. Sanfilippo & Son during the third quarter valued at about $120,000. Finally, Bank of Montreal Can raised its stake 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 acquiring an additional 1,104 shares during the last quarter. Institutional investors and hedge funds own 68.25% of the company’s stock.

NASDAQ JBSS traded down $1.79 during trading on Tuesday, hitting $99.81. 5,747 shares of the company’s stock traded hands, compared to its average volume of 89,227. The stock has a fifty day moving average of $97.16 and a two-hundred day moving average of $85.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.14 and a quick ratio of 0.64. John B. Sanfilippo & Son has a 12-month low of $53.12 and a 12-month high of $107.86. The firm has a market cap of $1.16 billion, a P/E ratio of 25.53 and a beta of 0.98.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.21. John B. Sanfilippo & Son had a net margin of 5.15% and a return on equity of 18.95%. The business had revenue of $217.85 million during the quarter.

The firm also recently declared a None dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 26th will be given a dividend of $2.00 per share. The ex-dividend date is Monday, November 25th.

JBSS has been the subject of several research reports. BidaskClub upgraded shares of John B. Sanfilippo & Son from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Sidoti upped their target price on shares of John B. Sanfilippo & Son from $83.00 to $91.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Finally, ValuEngine lowered shares of John B. Sanfilippo & Son from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.

About John B. Sanfilippo & Son

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.

Featured Article: Why Invest in Dividend Achievers?

Receive News & Ratings for John B. Sanfilippo & Son Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John B. Sanfilippo & Son and related companies with MarketBeat.com's FREE daily email newsletter.