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

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) saw strong trading volume on Monday . 175,164 shares were traded during 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.

Wall Street Analyst Weigh In

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

John B. Sanfilippo & Son Trading Down 2.8 %

The business’s 50-day moving average price is $88.41 and its two-hundred day moving average price is $93.85. The company has a market capitalization of $1.01 billion, a P/E ratio of 18.64 and a beta of 0.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.06 and a quick ratio of 0.66.

Institutional Investors Weigh In On John B. Sanfilippo & Son

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in shares of John B. Sanfilippo & Son by 10.3% during the third quarter. Franklin Resources Inc. now owns 5,817 shares of the company’s stock worth $551,000 after acquiring an additional 545 shares during the period. Virtu Financial LLC acquired a new stake in shares of John B. Sanfilippo & Son during the third quarter worth $263,000. Barclays PLC raised its holdings in shares of John B. Sanfilippo & Son by 386.6% during the third quarter. Barclays PLC now owns 18,471 shares of the company’s stock worth $1,741,000 after acquiring an additional 14,675 shares during the period. XTX Topco Ltd acquired a new stake in shares of John B. Sanfilippo & Son during the third quarter worth $213,000. Finally, Weiss Asset Management LP acquired a new stake in shares of John B. Sanfilippo & Son during the third quarter worth $1,678,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.

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.