John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Short Interest Up 154.7% in August

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 285,000 shares, an increase of 154.7% from the August 15th total of 111,900 shares. Based on an average trading volume of 70,300 shares, the days-to-cover ratio is presently 4.1 days. Currently, 3.2% of the company’s stock are short sold.

Institutional Trading of John B. Sanfilippo & Son

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in shares of John B. Sanfilippo & Son by 11.0% in the 4th quarter. Russell Investments Group Ltd. now owns 6,370 shares of the company’s stock valued at $656,000 after acquiring an additional 629 shares during the period. Victory Capital Management Inc. raised its holdings in shares of John B. Sanfilippo & Son by 32.0% in the fourth quarter. Victory Capital Management Inc. now owns 5,251 shares of the company’s stock valued at $541,000 after buying an additional 1,274 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of John B. Sanfilippo & Son by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 130,072 shares of the company’s stock worth $13,403,000 after buying an additional 1,183 shares during the period. UBS Group AG boosted its stake in shares of John B. Sanfilippo & Son by 5.6% during the fourth quarter. UBS Group AG now owns 138,086 shares of the company’s stock worth $14,228,000 after buying an additional 7,333 shares during the period. Finally, Gladstone Institutional Advisory LLC purchased a new position in shares of John B. Sanfilippo & Son during the fourth quarter worth about $255,000. Institutional investors and hedge funds own 70.64% of the company’s stock.

John B. Sanfilippo & Son Stock Up 1.1 %

Shares of JBSS traded up $1.00 during mid-day trading on Friday, reaching $92.81. The company’s stock had a trading volume of 57,738 shares, compared to its average volume of 61,214. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 0.77. John B. Sanfilippo & Son has a 12-month low of $89.73 and a 12-month high of $108.96. The stock has a market cap of $1.08 billion, a PE ratio of 16.69 and a beta of 0.10. The company’s 50 day moving average is $97.56 and its 200 day moving average is $99.59.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.86 earnings per share for the quarter. The company had revenue of $269.57 million for the quarter. John B. Sanfilippo & Son had a net margin of 5.65% and a return on equity of 19.45%.

John B. Sanfilippo & Son Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 20th were issued a dividend of $2.10 per share. This is a positive change from John B. Sanfilippo & Son’s previous annual dividend of $2.00. The ex-dividend date was Tuesday, August 20th. This represents a dividend yield of 2.09%. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is presently 15.29%.

About John B. Sanfilippo & Son

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.