BlackRock Inc. boosted its position in J & J Snack Foods Corp (NASDAQ:JJSF) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,046,734 shares of the company’s stock after acquiring an additional 143,652 shares during the quarter. BlackRock Inc. owned 10.93% of J & J Snack Foods worth $312,066,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of JJSF. Ceredex Value Advisors LLC acquired a new position in shares of J & J Snack Foods during the first quarter worth about $9,734,000. Loomis Sayles & Co. L P lifted its stake in shares of J & J Snack Foods by 135.0% during the first quarter. Loomis Sayles & Co. L P now owns 90,546 shares of the company’s stock worth $12,365,000 after purchasing an additional 52,022 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of J & J Snack Foods by 4.7% during the first quarter. Westwood Holdings Group Inc. now owns 498,720 shares of the company’s stock worth $68,106,000 after purchasing an additional 22,188 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of J & J Snack Foods by 25.8% during the first quarter. Russell Investments Group Ltd. now owns 107,224 shares of the company’s stock worth $14,643,000 after purchasing an additional 21,974 shares in the last quarter. Finally, RK Asset Management LLC lifted its stake in shares of J & J Snack Foods by 48.7% during the second quarter. RK Asset Management LLC now owns 39,925 shares of the company’s stock worth $6,087,000 after purchasing an additional 13,077 shares in the last quarter. Hedge funds and other institutional investors own 69.70% of the company’s stock.
Shares of NASDAQ JJSF traded up $2.19 during midday trading on Monday, reaching $148.98. 43,300 shares of the company’s stock were exchanged, compared to its average volume of 70,931. J & J Snack Foods Corp has a 52-week low of $125.98 and a 52-week high of $159.05. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 3.30 and a beta of 0.53.
J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Monday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.12). J & J Snack Foods had a return on equity of 11.36% and a net margin of 9.06%. The business had revenue of $306.20 million for the quarter, compared to analysts’ expectations of $312.55 million. During the same period in the previous year, the firm posted $1.34 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts expect that J & J Snack Foods Corp will post 4.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Friday, September 14th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Thursday, September 13th. J & J Snack Foods’s payout ratio is 42.76%.
A number of research analysts have commented on the company. ValuEngine upgraded J & J Snack Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Finally, BidaskClub upgraded J & J Snack Foods from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. J & J Snack Foods has a consensus rating of “Hold” and an average target price of $145.50.
In other news, SVP Dennis G. Moore sold 5,250 shares of J & J Snack Foods stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $145.14, for a total transaction of $761,985.00. Following the sale, the senior vice president now directly owns 80,877 shares of the company’s stock, valued at $11,738,487.78. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 21.00% of the stock is currently owned by insiders.
J & J Snack Foods Profile
J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.
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