Credit Suisse AG reduced its stake in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 25.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,290 shares of the company’s stock after selling 10,181 shares during the period. Credit Suisse AG owned about 0.16% of J & J Snack Foods worth $4,419,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in JJSF. Epoch Investment Partners Inc. acquired a new position in J & J Snack Foods during the 2nd quarter worth $30,669,000. Wells Fargo & Company MN grew its holdings in J & J Snack Foods by 376.9% during the 3rd quarter. Wells Fargo & Company MN now owns 196,700 shares of the company’s stock worth $29,680,000 after acquiring an additional 155,455 shares in the last quarter. BlackRock Inc. grew its holdings in J & J Snack Foods by 7.5% during the 2nd quarter. BlackRock Inc. now owns 2,046,734 shares of the company’s stock worth $312,066,000 after acquiring an additional 143,652 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of J & J Snack Foods by 821.9% in the 2nd quarter. WINTON GROUP Ltd now owns 51,739 shares of the company’s stock worth $7,889,000 after buying an additional 46,127 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of J & J Snack Foods by 16.8% in the 2nd quarter. Janus Henderson Group PLC now owns 291,753 shares of the company’s stock worth $44,484,000 after buying an additional 41,965 shares during the last quarter. 70.66% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on JJSF. BidaskClub upgraded shares of J & J Snack Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 26th. Zacks Investment Research downgraded shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, November 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $145.50.
In related news, insider Robert Joseph Pape sold 2,100 shares of J & J Snack Foods stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $153.68, for a total value of $322,728.00. Following the sale, the insider now directly owns 12,281 shares in the company, valued at approximately $1,887,344.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gerald B. Shreiber sold 2,435 shares of J & J Snack Foods stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $156.29, for a total transaction of $380,566.15. Following the completion of the sale, the insider now owns 3,563,985 shares in the company, valued at $557,015,215.65. The disclosure for this sale can be found here. Company insiders own 21.00% of the company’s stock.
J & J Snack Foods stock opened at $149.66 on Tuesday. J & J Snack Foods Corp has a 1 year low of $125.98 and a 1 year high of $162.80. The stock has a market capitalization of $2.89 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 3.14 and a beta of 0.41.
J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Thursday, November 8th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.08). J & J Snack Foods had a return on equity of 10.89% and a net margin of 9.10%. The business had revenue of $300.72 million during the quarter, compared to the consensus estimate of $306.48 million. During the same quarter in the previous year, the business posted $1.29 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, research analysts anticipate that J & J Snack Foods Corp will post 4.89 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Tuesday, December 18th will be given a $0.50 dividend. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, December 17th. J & J Snack Foods’s dividend payout ratio (DPR) is presently 44.33%.
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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