Royce & Associates Updates JBSS Stake to 386,049 Shares
Ticker: JBSS · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 880117
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-holding
TL;DR
**Royce & Associates LP now owns 386,049 shares of JBSS, showing a continued significant institutional stake.**
AI Summary
Royce & Associates, LP, an investment firm, filed an amended SC 13G/A on January 30, 2024, disclosing its beneficial ownership in John B. Sanfilippo & Son, Inc. (JBSS) as of December 31, 2023. The filing indicates Royce & Associates, LP holds sole voting and sole dispositive power over 386,049 shares of JBSS Common Stock. This matters to investors because it shows a significant institutional investor's updated stake, which can influence market perception and liquidity for JBSS shares.
Why It Matters
This filing updates the public on a major institutional investor's position, providing transparency into their holdings and potential influence on John B. Sanfilippo & Son, Inc.'s stock.
Risk Assessment
Risk Level: low — This filing is a routine update of an institutional holding and does not indicate any immediate financial risk or significant change in company operations.
Analyst Insight
Investors should note that a prominent institutional investor, Royce & Associates, LP, continues to hold a substantial stake in John B. Sanfilippo & Son, Inc. This indicates continued institutional confidence, but the filing itself doesn't suggest any immediate catalysts for price movement. It's a data point for understanding institutional ownership structure.
Key Numbers
- 386,049 — Shares Beneficially Owned (Represents the total number of Common Stock shares of John B. Sanfilippo & Son, Inc. over which Royce & Associates, LP has sole voting and sole dispositive power as of December 31, 2023.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- John B. Sanfilippo & Son, Inc. (company) — the issuer of the securities
- 386,049 (dollar_amount) — number of shares beneficially owned
- December 31, 2023 (date) — date of the event requiring the filing
- January 30, 2024 (date) — date the filing was made
Forward-Looking Statements
- Royce & Associates, LP will maintain a significant, non-controlling stake in John B. Sanfilippo & Son, Inc. for the foreseeable future. (Royce & Associates, LP) — high confidence, target: December 31, 2024
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by institutional investors who beneficially own more than 5% of a company's stock but do not intend to influence or control the company. The '/A' indicates it's an amendment to a previously filed statement, updating the information.
Who is the reporting person in this filing?
The reporting person is Royce & Associates, LP, an investment firm based in New York, as indicated by the 'NAME OF REPORTING PERSON' section and their business address at 745 Fifth Avenue, New York, NY 10151.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of John B. Sanfilippo & Son, Inc. is 800422107, as stated in the 'CUSIP Number' section of the filing.
As of what date did the event requiring this filing occur?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
What type of power does Royce & Associates, LP have over the reported shares?
Royce & Associates, LP has sole voting power over 386,049 shares and sole dispositive power over 386,049 shares, as detailed in items 5 and 7 of the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding SANFILIPPO JOHN B & SON INC (JBSS).