John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Short Interest Update

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 145,800 shares, a decline of 12.3% from the December 15th total of 166,200 shares. Based on an average trading volume of 79,700 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.7% of the shares of the company are sold short.

Hedge Funds Weigh In On John B. Sanfilippo & Son

Several hedge funds and other institutional investors have recently modified their holdings of JBSS. State Street Corp lifted its holdings in John B. Sanfilippo & Son by 2.1% in the third quarter. State Street Corp now owns 356,169 shares of the company’s stock worth $33,590,000 after purchasing an additional 7,213 shares during the period. Summit Global Investments acquired a new stake in John B. Sanfilippo & Son in the third quarter worth about $715,000. Hunter Perkins Capital Management LLC lifted its holdings in John B. Sanfilippo & Son by 8.2% in the third quarter. Hunter Perkins Capital Management LLC now owns 83,773 shares of the company’s stock worth $7,901,000 after purchasing an additional 6,331 shares during the period. BNP Paribas Financial Markets lifted its holdings in John B. Sanfilippo & Son by 248.7% in the third quarter. BNP Paribas Financial Markets now owns 40,413 shares of the company’s stock worth $3,811,000 after purchasing an additional 28,822 shares during the period. Finally, Barclays PLC lifted its holdings in John B. Sanfilippo & Son by 386.6% in the third quarter. Barclays PLC now owns 18,471 shares of the company’s stock worth $1,741,000 after purchasing an additional 14,675 shares during the period. Institutional investors and hedge funds own 70.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

John B. Sanfilippo & Son Stock Performance

Shares of JBSS traded down $0.59 during midday trading on Friday, hitting $89.43. 58,456 shares of the stock traded hands, compared to its average volume of 108,126. John B. Sanfilippo & Son has a 1-year low of $79.07 and a 1-year high of $108.96. The firm has a market capitalization of $1.04 billion, a PE ratio of 19.23 and a beta of 0.14. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 2.06. The business’s 50 day moving average price is $86.37 and its two-hundred day moving average price is $92.17.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc engages in selling nuts and nut-related products. It offers dried fruit-based products that are sold under, Fisher Nuts, Orchard Valley Harvest, Southern Style Nuts, and Squirrel Brand. The company was founded by Gaspare Sanfilippo and John B. Sanfilippo in 1922 and is headquartered in Elgin, IL.