John B. Sanfilippo & Son (NASDAQ:JBSS) Sees Unusually-High Trading Volume – Still a Buy?

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) saw an uptick in trading volume on Tuesday . 71,489 shares changed hands during trading, an increase of 7% from the previous session’s volume of 66,638 shares.The stock last traded at $84.40 and had previously closed at $84.80.

Wall Street Analyst Weigh In

Separately, StockNews.com cut John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

John B. Sanfilippo & Son Price Performance

The firm has a market capitalization of $979.41 million, a PE ratio of 18.15 and a beta of 0.13. The firm’s fifty day moving average price is $88.09 and its 200 day moving average price is $93.60. The company has a current ratio of 2.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02.

Institutional Trading of John B. Sanfilippo & Son

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its position in John B. Sanfilippo & Son by 10.3% in the 3rd quarter. Franklin Resources Inc. now owns 5,817 shares of the company’s stock worth $551,000 after purchasing an additional 545 shares in the last quarter. Virtu Financial LLC purchased a new stake in John B. Sanfilippo & Son during the third quarter worth $263,000. Barclays PLC grew its position in John B. Sanfilippo & Son by 386.6% during the third quarter. Barclays PLC now owns 18,471 shares of the company’s stock valued at $1,741,000 after buying an additional 14,675 shares during the period. XTX Topco Ltd acquired a new stake in John B. Sanfilippo & Son during the third quarter valued at $213,000. Finally, Weiss Asset Management LP acquired a new position in shares of John B. Sanfilippo & Son in the third quarter worth about $1,678,000. 70.64% of the stock is owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Company 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.