From 1992 to 1994, Mr. Sanfilippo served as Director of Contract Manufacturing for our company and from 1985 to 1991 served as a Product Manager for our company. His passion for musical instruments and machines helped shape his legacy. Mr. Sanfilippo is a member of the Chicago chapter of the World Presidents Organization and has been responsible for a number of patents in the packaging industry. & Son, Inc. She thinks shes a person.. He not only needs Justice's numbers to come down, but also for his own to improve. The peer groups market-cap-weighted average invested capital turns have fallen slightly from 0.7 to 0.6 over the same time. We love to open our home for causes we believe in, says Renata. "I'm sure many of us are supporters of the Art Institute, Field Museum, Shedd Aquarium, etc. & Son, Inc stock worth over $109,472 and over the last 15 years he sold JBSS stock worth over $2,788,151 Mr. Sanfilippo is also a first cousin by marriage of Timothy R. Donovan, a director of our company. [1]My firms core earnings are a superior measure of profits, as demonstrated inCore Earnings: New Data & Evidencea paper by professors at Harvard Business School (HBS) & MIT Sloan. Radio personality Garry Meier is seen here in 2010 at the Sanfilippo estate in Barrington Hills. Figure 11: Implied Profits Assuming Moderate Recovery: Scenario 2, Sustainable Competitive Advantages Will Drive Shareholder Value Creation. Our records show Donna J Sanfilippo (72) as possible relative. John B. Sanfilippo & Sonsinvested capital turns, a measure of balance sheet efficiency, have increased from 2.5 in 2015 to 2.7 TTM. There are 30+ professionals named "Jim Sanfilippo", who use LinkedIn to exchange information, ideas, and opportunities. Prior to that, Mr. Sanfilippo was the General Manager of our Gustine, California facility beginning in October 1995, and from June 1992 to October 1995 he served as Assistant Treasurer and worked in our Financial Relations department. Figure 6: Fisher Recipe Pound Share in the Total U.S. Food Market, JBSS Increasing Market Share Fisher Recipe, New Constructs, LLC and IRi via JBSS Presentation. & Son, Inc getting paid more, with MichaelValentine having the highest compensation of $3,726,220. by Ann Marie Scheidler June 14, 2016 . & Son, Inc stock worth over $111,227 and over the last 15 years he sold JBSS stock worth over $2,788,151. A healthy economy, with ample consumer spending, provides the best long-term growth runway and opportunity for continued upward sales growth. & Son, Inc is MathiasValentine, 87, who is the Director. Despite seeing increased demand as the COVID-19 pandemic caused many consumers to load up on home goods, this vertically integrated consumer packaged foods firm trades as if profits will permanently decline moving forward. After a year, the market contracted enough which led the Score Board to bankruptcy. While the COVID-19 pandemic has caused some industries, such as leisure spending, to see demand evaporate in the short term, John B. Sanfilippo & Son is in a unique position to benefit from increased demand. Thats Lacey Lou, Renata says telling the chicken to get back in its pen. Orchard Valley Harvest pound share of the produce nut category has increased from 0.6% in 2016 to 1.5% in 2019. Jim Taubenfeld is an American businessman. Jim Edgar usually trades in November, with the busiest year in 2015 and 2011. Executive Compensation Plan Incentivizes Prudent Capital Stewardship. Resident Glenn Aquino was among those who expressed concerns about the family's request. John B. Sanfilippo & Son, Inc. (JBSS) is a processor, packager, marketer and distributor of nut and dried fruit based products that are sold under a variety of private brands and under the Companys Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts and Sunshine Country brand names. Mr. Sanfilippo became a director of our company in October 2013. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. More importantly, John. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. We are not looking for any kind of tax abatement or getting away from paying taxes in the village of Barrington Hills. & Son, Inc is $141,240. Explore more of the publications in our portfolio here. Last updated: 3 February 2023 at 7:45pm EST. The 12 New Sports Billionaires In 2023. Check Background Get Contact Info This Is Me - Edit Reputation & Background View All Public Private These days, fewer investors focus on finding quality capital allocators with shareholder friendly corporate governance. Justice had a 30-plus point advantage in a hypothetical GOP primary with Morrisey and Mooney, the survey showed, with the governor receiving 53 percent of support while Morrisey and Mooney received 21 and 16 percent, respectively. During the time, Goldin was appearing regularly on Don Wests nightly sports memorabilia show at Home Network. Within two years, the figure grew to a massive $20 million. The estimated Net Worth of Jeffrey T Sanfilippo is at least $17.1 million dollars as of 10 March 2021. There are about 60 of us. over $699.04K on February 3, 2023. Renatas Brazilian flair serves her well as she supports the Sanfilippos many charitable causes. This expectation seems overly pessimistic over the long term. Today, Jims parents and their descendents live on 200 neighboring acres in Barrington Hills. No matter the macro environment, investors should look for companies with executive compensation plans that directly align executives interests with shareholders interests. Join Facebook to connect with Jim Sanfilippo and others you may know. $306.7K on April 30, 2015. Most importantly, from 2015 to 2019, the firm generated more in in free cash flow ($200 million) than it paid out in dividends ($153 million), or an average $9 million surplus each year. You can see the complete history of Mr. Sanfilippo stock trades at the bottom of the page. Insider Trading and Short Interest Trends. Despite this loss, Fisher Recipe continues to be the brand share leader in the recipe nuts category. Firms with cash flows greater than dividend payments have a higher likelihood to maintain and grow dividends. In this scenario, John B. Sanfilippo & Sons NOPAT only grows by 2% compounded annually over the next decade (including a 70% YoY drop in 2020) and the stock is worth $109/share today a 33% upside to the current price. & Son, Inc stock since 2008, according to the Form 4 filled with the SEC. Despite rebounding from its March lows, theres still value in thisLong Idea. The Company also markets and distributes a diverse product line of other food and snack items. John B. Sanfilippo & Son has improved its return on invested capital (ROIC) from 10% in 2015 to 18% TTM while increasing its economic earnings from $21 million to $45 million over the same time. The estimated Net Worth of James J Sanfilippo is at least Sanfilippo (John B.) He said fundraising events generally occur from March through early December, along with some days for guided tours. Taubenfeld is also available on Twitter, @jtnbafan, where he doesnt seem active either. & Son, Inc. & Son, Inc, Stocks and cryptocurrency portfolio tracker. In addition, he makes $141,240 as Director at Sanfilippo (John B.) GloRilla Net Worth: Height, Age, Bio, Real Name & Career. Jasper Sanfilippo was 88 when he died early this year. I think its that we all have the common goal of making good things happen in the world.. West Virginia Governor Jim Justice is seen on July 31, 2011, in White Sulphur Springs, West Virginia. A spokesperson from Manchin's office told Newsweek via email on Friday that they had no comment regarding Justice's candidacy. Previously, he served in the role of President and CEO of Clear Lam Packaging, Inc. (Clear Lam) from 1999 to July 2017, when Clear Lam was sold to Sonoco. Donald Trump's real net worth? Mr. Sanfilippo is the nephew of Mathias A. Valentine, a director of our company, the brother of Jeffrey T. Sanfilippo, an executive officer and director of the company, the brother of James J. Sanfilippo, a director of our company, the cousin of Michael J. Valentine, an executive officer and director of our company and the cousin of James A. Valentine, an executive officer of our company. In addition, he makes $141,240 as Director at Sanfilippo (John B.) Heres a quick summary of what noise traders are missing: John B. Sanfilippo & Son has no share repurchase plan but, instead, returns capital to shareholders through annual and special dividends. The oldest executive at Sanfilippo (John B.) The nut and snack empire grew to become the second largest nut processor today. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Manchin, 75, a former West Virginia governor who has often been at odds with President Joe Biden and the Democratic Party, has said he wouldn't make a decision on his future until the latter part of 2023. Per Figure 2, John B. Sanfilippo & Son's net operating profit after-tax (NOPAT) margin has improved from 4% in 2015 to 7% TTM. Tom Ford. He said a change in zoning would not make the 38 acres tax-exempt. The oldest executive at Sanfilippo (John B.) This improved profitability is a testament to the firms investment in infrastructure (factory automation, machine upgrades) and increased distribution across the country. As part of its efforts to grow its consumer business, John B. Sanfilippo & Son has introduced new brands and products, such as Orchard Valley Harvest, Fisher Oven Roasted Never Fried nuts, Squirrel Brand, and Southern Style nuts, while also expanding its distribution. & Son, Inc executives and independent directors trade stock every 36 days with the average trade being worth of $4,070,786. "The embarrassment is just going to keep growing over this," Laura Harth, the campaign director at Safeguard Defenders, told Newsweek. The estimated Net Worth of James J Sanfilippo is at least $3.04 Million dollars as of 20 December 2022. Mr. Sanfilippo is the nephew of Mathias A. Valentine, a director of our company, the brother of Jeffrey T. Sanfilippo and Jasper B. Sanfilippo, Jr., both executive officers and directors of our company, the cousin of Michael J. Valentine, an executive officer and director of our company and the cousin of James A. Valentine, an executive officer of our company. The most recent transaction was a sale order of 8,464 units , worth & Son, Inc. The shift from a more commercial ingredient provider to a consumer goods provider gives the firm more control over pricing and opportunity for increased sales and margins. & Son, Inc, the total compensation of James Sanfilippo at Sanfilippo (John B.) & Son, Inc since 2013. and Jeffrey Sanfilippo, Chief Executive Officer For work these days, James is a Member at Cl Polymers LLC. However, closing this position was premature as the stock has outperformed since my original article (+37% vs. S&P +21%) the firms profits have improved ever since. Despite rebounding from its March lows, at $86/share JBSS still trades well below its 52-week high and below itseconomic book value, or no-growth value. You can see the complete history of Mr. Sanfilippo stock trades at the bottom of the page. In any scenario better than this one, JBSS holds significant upside potential, as Ill show. West Virginia Governor Jim Justice, 72, filed paperwork on Thursday to win over Manchin's seat. They also believe that Mr. Sanfilippo provides our Board of Directors with important experience in the contract packaging area and with insight into product offerings and presentations in order to execute our Strategic Plan. In addition, he makes $141,240 as Director at Sanfilippo (John B.) The mansion features the largest world's restored theater pipe organ. Figure 9: ROIC Explains 76% of Difference in Valuation for Packaged Food Firms. The current estimated net worth of Sanfilippo John B & Son Inc's Director, James Sanfilippo, is estimated to be about $9.31M . Ellen Taaffe who sold, In the last 20 years, insiders at Sanfilippo John B & Son Inc have sold an estimated value of, https://www.sec.gov/Archives/edgar/data/880117/000119312520244097/d31934ddef14a.htm, Mailing address is 1703 N. Randall Road Elgin IL 60123-7820 IL. Mr. Sanfilippo owns over 1,480 units of Sanfilippo (John B.) In addition to making more money each day, Jim Kaat is becoming more well-known. Opinions expressed by Forbes Contributors are their own. Please check your download folder. "We are not looking to open a gambling casino on the property. Lastly, while John B. Sanfilippo & Son may experience a temporary boost to sales during the pandemic, any clarity or signs of a recovery in the global economy would send shares higher over the long-term. & Son, Inc stock on 23 March 2004 worth over $1,099,956. Over the last 20 years, insiders at Sanfilippo (John B.) Newsweek reached out via email to Justice's office for comment. Scenario 1:Using historical revenue declines, historical margins, and average historical GDP growth rates, I can model the worst-case scenario already implied by John B. Sanfilippo & Sons current stock price. The SVA Plan rewards executives for YoY improvement in economic profit (what I calleconomic earnings). Goldin and his father later founded Score Board Inc. and were able to drag legends like Joe Dimaggio, Mantle, and Mays on their roster. Figure 8: Percent of People Snacking at Different Times of the Day, New Constructs, LLC and IRis The State of the Snack Industry 2019. & Son, Inc. James has made over 12 trades of the Sanfilippo (John B.) Most recently he sold 8,464 units of JBSS stock worth $699,042 on 1 February 2023. The following competitive advantages help John B. Sanfilippo & Son survive the downturn and return to growth as the economy grows again: What Noise Traders Miss with John B. Sanfilippo & Son. Between the ages of 10 and 18, former Barrington High School soccer, For Olympian Patrick Gasienica, ski jumping has been a part of his, Dr. Rekha S. Rajan has devoted her personal and professional life to, One of the most prestigious dance companies in the world, The Joffrey, Saint Anne Catholic Community Churchs Project Hope ministry, A night of sequin-studded disco fever, the 5th Annual Hoosier Ball was. & Son, Inc is MathiasValentine, 87, who is the Director. West Virginia Governor Jim Justice is seen on July 31, 2011, in White Sulphur Springs, West Virginia. & Son, Inc stock and bought 2,907,420 units worth $14,518,864 Jim Edgar's largest sale order was 6,000 units , worth over & Son, Inc stock worth over $99,275 and over the last 15 years he sold JBSS stock worth over $2,788,151 Country Magazine remembers and celebrates the life and legacy of Jasper B. Sanfilippo, who passed away on January 28 surrounded by family at his home in Barrington Hills. Jim Taubenfeld has not shared any details about his personal life. In this scenario, I assume: In this scenario, where John B. Sanfilippo & Sons NOPAT declines 1% compounded annually over the next eight years (including a 72% YoY drop in 2020), the stock is worth $83/share today nearly equal to the stock price at time of writing. One of the largest adjustments was $9 million inother comprehensive income. As of 2023, Jim Taubenfelds net worth is under review. Before the current crisis, John B. Sanfilippo & Sons profitability was trending higher and at a faster pace than its competitors. You can see all the adjustments made to John B. Sanfilippo & Sons income statementhere. In addition, he makes $3,414,780 as President, Chief Operating Officer, Assistant Secretary, and Director at Sanfilippo (John B.) James Sanfilippo usually trades in November, with the busiest year in 2017, 2012 and 2019. Liked by Jim Sanfilippo, CPA Introducing Eckert Seamans' new Chief Financial Officer, Kevin Krese. Some Barrington Hills residents are opposing a proposal for a new property zoning classification for the Sanfilippo Estate. Then, I analyze the implied value of the stock based on different assumptions about COVID-19s impact on consumer spending and John B. Sanfilippo & Sons future growth in cash flows. & Son, Inc stock. Investors overlooking John B. Sanfilippo & Son (JBSS) are in theDanger Zone. The following funds receive an attractive-or-better rating and allocate significantly to John B. Sanfilippo & Son: Disclosure: David Trainer, Kyle Guske II, and Matt Shuler receive no compensation to write about any specific stock, style, or theme. Kaleb Cooper Net Worth: How Rich is the TV Star Actually? See the math behind this reverse DCF scenario. The collection of which Jim speaks, Place de la Musique, is known for its antique music machines, phonographs, arcade and gambling machines, chandeliers, art glass, the worlds largest restored theater pipe organ, a European salon carousel, street and tower clocks, steam engines, and other mechanical antiques. "His vote for the Inflation Reduction Act has brought his numbers lower than they've ever been before, and he's now working ever so harder to distance himself from it. Children and families in need are at the core of our mission for our foundation, explains Jim. The minimum net worth needed to gainor hold ontoa spot on the list this year jumped to $2.9 billion. With over 20 years of combined business, financial and legal experience, Krese Liked by Jim. Ellen Taaffe who sold, In the last 20 years, insiders at Sanfilippo John B & Son Inc have sold an estimated value of, https://www.sec.gov/Archives/edgar/data/880117/000119312520244097/d31934ddef14a.htm, Mailing address is 1703 N. Randall Road Elgin IL 60123-7820 IL. . The most active insiders traders include Jeffrey T Sanfilippo, James J Sanfilippo, and Jasper Brian Jr Sanfilippo. According to Seeking Alpha data, consensus estimates (which are taken from only one analyst covering the firm) for John B. Sanfilippo & Son have actually risen in recent months, as the COVID-19 pandemic provided a boost to sales. The estimated Net Worth of James J Sanfilippo is at least $3.03 million dollars as of 20 December 2022. seeds and nuts background, natural food in wooden, JBSS Increasing Distribution Orchard Valley, better measure of profitability and truer insights, aligns the interests of executives and shareholders, See the math behind this reverse DCF scenario, NOPAT margins fall to 1.7% (lowest in company history, excluding negative margin in 2006/2007) in 2020-2022, and increase to 5% (equal to 2019, compared to 7% TTM) in 2023 and each year thereafter, Revenue falls 20% (triple the YoY revenue decline in 2007 and well below consensus estimates for 2% revenue growth) in 2020 and does not grow until 2023, Sales begin growing again in 2023, but only at 3.5% a year, which is equal to the average global GDP growth rate since 1961, NOPAT margins fall to 1.7% (lowest in company history, excluding negative margin in 2006/2007) in 2020 and rise to 5% (equal to 2019, compared to 7% TTM) in 2021 and each year thereafter, Revenue falls 13% (double the YoY revenue decline in 2007) in 2020, Revenue grows by 4.7% in 2021 and 4.8% in 2022 (consensus estimates), and 3.5% a year in 2023 and each year thereafter, which is equal to the average global GDP growth rate since 1961, Strong balance sheet and available liquidity to survive any economic downturn, Leading market share in recipe nuts and growing market share in newer products, Greater capital efficiency and ROIC than its peers, Executive compensation plan that incentivizes prudent capital management, Strong core earnings growth over the past two decades, Growing demand for snack nuts and nut products, Valuation implies the economy never recovers and profits permanently decline by 40%, Invesco S&P Small Cap Consumer Staples ETF (PSCC), Invesco Dynamic Food & Beverage ETF (PBJ), James Micro Cap Fund (JMCRX) 2.3% allocation and attractive rating, Royce Special Equity Fund (RYSEX) 2.2% allocation and very attractive rating. This scenario assumes Jon B. Sanfilippo & Son maintains selling and administrative expenses ($23 million in fiscal 3Q20), interest expense and rental and miscellaneous expenses at current levels. Mr. Sanfilippo owns over 2,689 units of Sanfilippo (John B.) The paper empirically shows that my firms data is superior to Operating Income After Depreciation and Income Before Special Items from Compustat, owned by S&P Global (SPGI). The "Inflation Reduction Act" was passed by Congress and signed into law by Biden last August. Jasper Brian Sanfilippo Jr. serves as President, Chief Operating Officer, Assistant Secretary, Director of the Company. When I moved to Barrington and was looking for ways to meet people, I discovered that there was a club for people who love chickens. In the late evening, snacking is up from 24% in 2010 to 40% in 2019. & Son, Inc stock. John B. Sanfilippo & Son has the liquidity to survive the current economic downturn. Over the last 20 years, insiders at Sanfilippo (John B.) A poll published last week by Morning Consult, prior to Justice declaring his candidacy, showed Manchin with 55 percent disapproval in his home statemaking him one of the lowest-rated senators nationwide. He is serving as the President of Me Salve, Inc., a company that operates in the Retail Industry. Residents fear a change could lead to an entertainment operation on the property. They gradually expanded their vision to include charities that benefit the arts. James J. Sanfilippo serves as Director of the Company. James Sanfilippo's largest purchase order was, James Sanfilippo's largest sale order was, In total, James Sanfilippo has made about, The most recent transaction was a sale order of, As Director of Sanfilippo John B & Son Inc, James Sanfilippo has a total base salary of, James Sanfilippo received compensation valued at about, The vast majority of their compensation came in the form of, other earnings, plans or compensations of, Sanfilippo John B & Son Inc's most recent insider trade came on February 8, 2023 by Sanfilippo John B & Son Inc's most recent insider trade came on February 8, 2023 by Apart fromtotal debt, one of the most notable adjustments to shareholder value was $25 million inunderfunded pensions. & Son, Inc is $3,414,780. . Paddock Publications, Inc. is an Employee-Owned Company. Lauren Boebert Net Worth: How Rich is the Congresswoman? Mr. Sanfilippo has been employed by us since 1991 and in 2001 was named Executive Vice President Operations, retaining his position as Assistant Secretary, which he assumed in December 1995. pantry loading). James Sanfilippo received compensation valued at about $1,484,706 in 2020 after becoming Director. Justice's job approval has actually increased since his office touted his performance last July when he was viewed as the fifth-most popular governor nationwide based on polling from Morning Consult. As of 29 May 2009 he still owns at least 24,480 units of Sanfilippo (John B.) At issue Monday night at a Barrington Hills zoning board of appeals meeting was the home of the late Jasper Sanfilippo, who built his family's nut business into a publicly traded company that had. Brian Jasper Sanfilippo Jr, COO, If the stock were to trade at parity with its peers, it would be worth $110/share 34% above the current stock price. Jasper Sanfilippo is 52, he's been the President, Chief Operating Officer, Assistant Secretary, and Director of Sanfilippo (John B.)
