Advisor Partners LLC Purchases New Shares in J & J Snack Foods Corp (NASDAQ:JJSF)

Advisor Partners LLC purchased a new stake in J & J Snack Foods Corp (NASDAQ:JJSF) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,070 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in J & J Snack Foods by 3.0% in the 2nd quarter. BlackRock Inc. now owns 2,238,141 shares of the company’s stock valued at $360,229,000 after buying an additional 64,779 shares during the period. Vanguard Group Inc. increased its stake in J & J Snack Foods by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,767,892 shares of the company’s stock valued at $284,543,000 after buying an additional 20,498 shares during the period. Macquarie Group Ltd. increased its stake in J & J Snack Foods by 3.7% in the 2nd quarter. Macquarie Group Ltd. now owns 782,338 shares of the company’s stock valued at $125,918,000 after buying an additional 28,233 shares during the period. Wells Fargo & Company MN increased its stake in J & J Snack Foods by 14.7% in the 2nd quarter. Wells Fargo & Company MN now owns 467,151 shares of the company’s stock valued at $75,189,000 after buying an additional 59,910 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in J & J Snack Foods by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,491 shares of the company’s stock valued at $35,809,000 after buying an additional 5,365 shares during the period. Hedge funds and other institutional investors own 73.62% of the company’s stock.

Shares of JJSF opened at $191.97 on Wednesday. The stock has a market capitalization of $3.67 billion, a P/E ratio of 47.28 and a beta of 0.36. The company’s fifty day moving average is $192.58 and its two-hundred day moving average is $173.58. J & J Snack Foods Corp has a 1 year low of $138.40 and a 1 year high of $196.84.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, July 29th. The company reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.08. J & J Snack Foods had a net margin of 7.84% and a return on equity of 11.65%. The business had revenue of $326.70 million for the quarter, compared to analysts’ expectations of $311.67 million. During the same period in the prior year, the company posted $1.39 EPS. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, sell-side analysts anticipate that J & J Snack Foods Corp will post 5.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, September 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.04%. J & J Snack Foods’s dividend payout ratio (DPR) is presently 49.26%.

In other news, insider Dan Fachner sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $187.88, for a total transaction of $1,409,100.00. Following the transaction, the insider now directly owns 102,296 shares of the company’s stock, valued at approximately $19,219,372.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gerald B. Shreiber sold 25,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $181.47, for a total transaction of $4,536,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,000 shares of company stock worth $6,410,600. Corporate insiders own 21.00% of the company’s stock.

Several equities analysts have issued reports on the stock. Consumer Edge raised shares of J & J Snack Foods from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 9th. Zacks Investment Research raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $208.00 price objective on the stock in a research note on Friday, August 2nd. BidaskClub cut shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Finally, ValuEngine cut shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $176.50.

J & J Snack Foods Company Profile

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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Institutional Ownership by Quarter for J & J Snack Foods (NASDAQ:JJSF)

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