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John B. Sanfilippo & Son (NASDAQ:JBSS) Sees Strong Trading Volume - Here's What Happened

John B. Sanfilippo & Son logo with Consumer Staples background

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 71,489 shares were traded during mid-day 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 report on Monday, November 4th.

Read Our Latest Stock Analysis on JBSS

John B. Sanfilippo & Son Trading Down 1.2 %

The company has a market cap of $971.98 million, a price-to-earnings ratio of 18.02 and a beta of 0.13. The company has a quick ratio of 0.66, a current ratio of 2.06 and a debt-to-equity ratio of 0.02. The company's fifty day moving average price is $87.89 and its two-hundred day moving average price is $93.50.

Institutional Trading of John B. Sanfilippo & Son

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp grew its position 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 buying an additional 7,213 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of John B. Sanfilippo & Son by 6.5% in the second quarter. Pacer Advisors Inc. now owns 345,252 shares of the company's stock valued at $33,548,000 after purchasing an additional 21,069 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in John B. Sanfilippo & Son by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 136,987 shares of the company's stock valued at $13,311,000 after acquiring an additional 1,436 shares in the last quarter. American Century Companies Inc. grew its stake in shares of John B. Sanfilippo & Son by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 115,376 shares of the company's stock worth $11,211,000 after acquiring an additional 10,514 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC raised its holdings in shares of 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 valued at $7,901,000 after purchasing an additional 6,331 shares during the last quarter. 70.64% of the stock is currently owned by institutional investors and hedge funds.

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.

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