Sanfilippo John B & SON
JBSS on Nasdaq. Sanfilippo John B & SON sells nuts and snack mixes to Walmart, Target, and other retailers. Market value $647m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to June 2026.
Should I look at this?
Worth a closer look
Why it could be worth it
What to watch out for
Nothing big in our quick check. See what could go wrong below.
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $4.48 of spare cash in the past 12 months. A savings account pays about $4.
You pay 9.5 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 20 cents a year. Above 10 is good.
Quality score: 86 of 100. Price score: 91 of 100. Our list needs 70 on quality and 60 on price.
$67.76 a share, 15% above its 1-year low
Over the past year the price has ranged from $59.07 to $92.08.
Dividend: 5.9% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $956m | $1.0bn | $1.1bn | $1.1bn | $1.2bn |
| Operating margin | |||||
| Operating margin | 9.1% | 9.0% | 8.0% | 7.7% | 7.6% |
| Debt to equity | |||||
| Debt to equity | 0.04 | 0.03 | 0.02 | 0.04 | 0.13 |
| Shares outstanding | |||||
| Shares outstanding | 0.01bn | 0.01bn | 0.01bn | 0.01bn | 0.01bn |
Health checks
- Free cash flow positive4 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)4 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- Debt0.13× equity
- Revenue growth, five yearsSlow, 6.5% a year
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $280 million last quarter, up 4% on a year ago.
- Profit: $8 million, down 38% on a year ago.
- It keeps 8 cents of each $1 of sales as operating profit, about the same as a year earlier.
- Spare cash over the past 12 months: $36 million. A year earlier it spent $20 million more than it brought in.
- Debt is $49 million more than cash, up from $15 million a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $276m |
| December 2024 | $301m |
| March 2025 | $261m |
| June 2025 | $269m |
| September 2025 | $299m |
| December 2025 | $315m |
| March 2026 | $282m |
| June 2026 | $280m |
| Quarter to | Amount |
|---|---|
| September 2024 | $12m |
| December 2024 | $14m |
| March 2025 | $20m |
| June 2025 | $14m |
| September 2025 | $19m |
| December 2025 | $18m |
| March 2026 | $17m |
| June 2026 | $8m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 19 August 2026
- Next quarterly (estimated, 10-Q)
- 29 July 2026
Who owns it
6 long-term investors we follow own it, up from 5 last quarter. 211 funds in all.
- Hotchkis & WileyHotchkis & Wiley team
- Value
- $12m
- Share of fund
- <0.1%
- Heartland AdvisorsBill Nasgovitz
- Value
- $6m
- Share of fund
- 0.3%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| GAMCO InvestorsMario Gabelli | $16m | 0.1% | Cut |
| Hotchkis & WileyHotchkis & Wiley team | $12m | <0.1% | |
| Royce & AssociatesChuck Royce | $10m | <0.1% | Cut |
| Heartland AdvisorsBill Nasgovitz | $6m | 0.3% | |
| LSV Asset ManagementJosef Lakonishok | $2m | <0.1% | New |
| Cullen Capital ManagementJames Cullen | $296,666 | <0.1% | Cut |
Largest holders overall
- BlackRock$128mAdded
- Thrivent Financial for Lutherans$70m
- Vanguard Portfolio Management$32mAdded
- State Street$31mAdded
- Vanguard Capital Management$29mCut
- Dimensional Fund Advisors LP$29mAdded
- American Century Companies$24mAdded
- Deutsche Bank AG$22m
- Geode Capital Management$19mAdded
- GAMCO Investors$16mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- BlackRock, Inc.Passive investor14.0%−1.1 ptsSince 30 June 2025
- THRIVENT FINANCIAL FOR LUTHERANSPassive investor9.1%−1.6 ptsSince 31 December 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
- Capital International InvestorsPassive investorSold down below 5%Since 31 December 2024
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 14.0%−1.1 pts | 30 June 2025 | |
THRIVENT FINANCIAL FOR LUTHERANS Passive investor | 9.1%−1.6 pts | 31 December 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 | |
Capital International Investors Passive investor | Sold down below 5% | 31 December 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 4 sold $1m, $1m of it under preset trading plans.
- Sanfilippo James JDirectorSoldunder a preset trading plan
- Date
- 2 March 2026
- Shares
- 1,268
- Price
- $80.63
- Value
- $102,239
- SANFILIPPO JEFFREY TChief Executive Officer, DirectorSoldunder a preset trading plan
- Date
- 2 March 2026
- Shares
- 7,212
- Price
- $80.08
- Value
- $577,537
- SANFILIPPO JASPER BRIAN JRCOO, President, DirectorSoldunder a preset trading plan
- Date
- 2 March 2026
- Shares
- 7,212
- Price
- $80.97
- Value
- $583,956
- Sanfilippo LisaDirectorSoldunder a preset trading plan
- Date
- 2 March 2026
- Shares
- 2,272
- Price
- $81.43
- Value
- $185,009
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 2 March 2026 | Sanfilippo James J Director | Sold under a preset trading plan | 1,268 | $80.63 | $102,239 |
| 2 March 2026 | SANFILIPPO JEFFREY T Chief Executive Officer, Director | Sold under a preset trading plan | 7,212 | $80.08 | $577,537 |
| 2 March 2026 | SANFILIPPO JASPER BRIAN JR COO, President, Director | Sold under a preset trading plan | 7,212 | $80.97 | $583,956 |
| 2 March 2026 | Sanfilippo Lisa Director | Sold under a preset trading plan | 2,272 | $81.43 | $185,009 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the serious warning signs we check for were found. 1 thing worth knowing.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 19 Aug 2026, plus 1 later 8-K.
One big customer
Worth knowingOne customer brings in a big share of sales: 41% last year. Losing that customer would hurt.
“Net sales to Walmart Inc. accounted for approximately 41% of our net sales for fiscal 2026, 40% of our net sales for fiscal 2025 and 39% of our net sales for fiscal 2024.”
From the 10-K filed 19 August 2026, Item 1. Business. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
The company just told the SEC about a big change. The deep dive shows what it means for the price you pay.
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.