John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Short Interest Down 8.2% in July

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 276,100 shares, a drop of 8.2% from the June 30th total of 300,900 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 60,600 shares, the days-to-cover ratio is presently 4.6 days.

Separately, BidaskClub downgraded John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Friday, August 9th.

Several large investors have recently modified their holdings of JBSS. Public Employees Retirement System of Ohio grew its position in John B. Sanfilippo & Son by 49.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 552 shares of the company’s stock worth $31,000 after buying an additional 182 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in John B. Sanfilippo & Son during the second quarter worth about $40,000. BNP Paribas Arbitrage SA grew its position in John B. Sanfilippo & Son by 2,467.1% during the first quarter. BNP Paribas Arbitrage SA now owns 1,797 shares of the company’s stock worth $129,000 after buying an additional 1,727 shares in the last quarter. Bank of Montreal Can grew its position in John B. Sanfilippo & Son by 193.7% during the second quarter. Bank of Montreal Can now owns 1,674 shares of the company’s stock worth $133,000 after buying an additional 1,104 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in John B. Sanfilippo & Son by 365.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,748 shares of the company’s stock worth $153,000 after buying an additional 2,157 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors.

Shares of NASDAQ:JBSS traded up $0.85 during midday trading on Thursday, hitting $80.31. The company’s stock had a trading volume of 64,538 shares, compared to its average volume of 51,583. The stock has a market capitalization of $914.57 million, a price-to-earnings ratio of 26.96 and a beta of 1.06. The stock’s 50 day simple moving average is $82.14 and its 200 day simple moving average is $75.48. John B. Sanfilippo & Son has a fifty-two week low of $53.12 and a fifty-two week high of $88.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.57 and a current ratio of 2.13.

The firm also recently declared an annual dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th will be given a $0.60 dividend. This is an increase from John B. Sanfilippo & Son’s previous annual dividend of $0.55. This represents a dividend yield of 0.74%. The ex-dividend date is Monday, August 5th.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc, together with 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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