John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Sees Large Decline in Short Interest

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 139,000 shares, a drop of 8.6% from the October 15th total of 152,000 shares. Based on an average daily trading volume, of 76,200 shares, the short-interest ratio is currently 1.8 days. Currently, 1.6% of the shares of the stock are short sold.

John B. Sanfilippo & Son Trading Down 0.4 %

Shares of NASDAQ:JBSS traded down $0.34 during trading on Monday, hitting $82.54. The company had a trading volume of 47,695 shares, compared to its average volume of 63,384. The stock has a market cap of $957.71 million, a price-to-earnings ratio of 17.82 and a beta of 0.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.06 and a quick ratio of 0.66. The company has a fifty day simple moving average of $91.65 and a two-hundred day simple moving average of $96.20. John B. Sanfilippo & Son has a one year low of $79.07 and a one year high of $108.96.

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

Institutional Trading of John B. Sanfilippo & Son

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in shares of John B. Sanfilippo & Son during the second quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale bought a new position in shares of John B. Sanfilippo & Son in the third quarter worth about $33,000. Copeland Capital Management LLC purchased a new position in John B. Sanfilippo & Son in the 3rd quarter worth about $39,000. GAMMA Investing LLC increased its stake in John B. Sanfilippo & Son by 90.5% in the 2nd quarter. GAMMA Investing LLC now owns 579 shares of the company’s stock worth $56,000 after buying an additional 275 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in John B. Sanfilippo & Son during the 3rd quarter valued at about $66,000. 70.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.