Bridgewater Associates LP Cuts Position in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)

Bridgewater Associates LP lowered its position in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 52.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,609 shares of the company’s stock after selling 6,231 shares during the period. Bridgewater Associates LP’s holdings in John B. Sanfilippo & Son were worth $529,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JBSS. The Manufacturers Life Insurance Company raised its holdings in shares of John B. Sanfilippo & Son by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,371 shares of the company’s stock valued at $328,000 after buying an additional 111 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of John B. Sanfilippo & Son by 8.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,778 shares of the company’s stock worth $270,000 after acquiring an additional 221 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of John B. Sanfilippo & Son by 7.4% in the 2nd quarter. Inspire Investing LLC now owns 3,609 shares of the company’s stock worth $351,000 after acquiring an additional 248 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of John B. Sanfilippo & Son by 90.5% during the 2nd quarter. GAMMA Investing LLC now owns 579 shares of the company’s stock valued at $56,000 after purchasing an additional 275 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in John B. Sanfilippo & Son by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,524 shares of the company’s stock worth $1,327,000 after purchasing an additional 299 shares during the period. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

John B. Sanfilippo & Son Price Performance

Shares of John B. Sanfilippo & Son stock opened at $87.15 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.06 and a quick ratio of 0.66. John B. Sanfilippo & Son, Inc. has a one year low of $79.07 and a one year high of $108.96. The business’s 50 day simple moving average is $89.68 and its two-hundred day simple moving average is $94.84. The stock has a market capitalization of $1.01 billion, a P/E ratio of 18.74 and a beta of 0.11.

Analysts Set New Price Targets

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

John B. Sanfilippo & Son Profile

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.