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John B. Sanfilippo & Son (NASDAQ:JBSS) Sees Strong Trading Volume - Time to Buy?

John B. Sanfilippo & Son logo with Consumer Staples background

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Get Free Report) saw an uptick in trading volume on Monday . 175,164 shares changed hands during mid-day trading, an increase of 170% from the previous session's volume of 64,810 shares.The stock last traded at $91.51 and had previously closed at $90.33.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on JBSS

John B. Sanfilippo & Son Trading Down 0.1 %

The company has a 50-day moving average price of $88.68 and a two-hundred day moving average price of $94.06. The stock has a market cap of $1.05 billion, a P/E ratio of 19.28 and a beta of 0.13. 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 Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JBSS. State Street Corp boosted its stake in shares of John B. Sanfilippo & Son by 2.1% during the 3rd 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. Pacer Advisors Inc. lifted its stake in John B. Sanfilippo & Son by 6.5% in the second quarter. Pacer Advisors Inc. now owns 345,252 shares of the company's stock worth $33,548,000 after purchasing an additional 21,069 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of John B. Sanfilippo & Son by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 136,987 shares of the company's stock valued at $13,311,000 after buying an additional 1,436 shares during the period. American Century Companies Inc. grew its stake in shares of John B. Sanfilippo & Son by 10.0% during the second quarter. American Century Companies Inc. now owns 115,376 shares of the company's stock valued at $11,211,000 after buying an additional 10,514 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC grew its stake in shares of John B. Sanfilippo & Son by 8.2% during the third quarter. Hunter Perkins Capital Management LLC now owns 83,773 shares of the company's stock valued at $7,901,000 after buying an additional 6,331 shares during the last quarter. Institutional investors own 70.64% of the company's stock.

John B. Sanfilippo & Son Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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