11,000 Shares in J & J Snack Foods Corp. $JJSF Bought by North Star Investment Management Corp.

North Star Investment Management Corp. purchased a new stake in J & J Snack Foods Corp. (NASDAQ:JJSF) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,000 shares of the company’s stock, valued at approximately $872,000.

Several other large investors have also bought and sold shares of JJSF. AQR Capital Management LLC bought a new stake in shares of J & J Snack Foods in the 1st quarter worth $228,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of J & J Snack Foods by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,079 shares of the company’s stock valued at $1,196,000 after purchasing an additional 397 shares in the last quarter. Millennium Management LLC lifted its position in shares of J & J Snack Foods by 122.1% during the first quarter. Millennium Management LLC now owns 72,625 shares of the company’s stock valued at $9,566,000 after purchasing an additional 39,933 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in J & J Snack Foods by 49.6% during the first quarter. NewEdge Advisors LLC now owns 3,376 shares of the company’s stock worth $445,000 after purchasing an additional 1,120 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in J & J Snack Foods by 465.8% during the first quarter. Jane Street Group LLC now owns 25,746 shares of the company’s stock worth $3,391,000 after purchasing an additional 21,196 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors.

J & J Snack Foods Stock Performance

Shares of NASDAQ:JJSF opened at $73.94 on Tuesday. The company’s 50-day moving average is $76.87 and its 200 day moving average is $83.36. The company has a market capitalization of $1.39 billion, a P/E ratio of 24.81 and a beta of 0.38. J & J Snack Foods Corp. has a fifty-two week low of $68.87 and a fifty-two week high of $129.24.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. J & J Snack Foods had a net margin of 3.75% and a return on equity of 9.01%. The company had revenue of $344.82 million during the quarter, compared to analyst estimates of $349.67 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, research analysts predict that J & J Snack Foods Corp. will post 4.16 earnings per share for the current year.

J & J Snack Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. J & J Snack Foods’s dividend payout ratio is currently 107.38%.

Analysts Set New Price Targets

Several research firms have commented on JJSF. Zacks Research lowered shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a research note on Wednesday, June 24th. Finally, Benchmark reduced their target price on J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating for the company in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $120.00.

J & J Snack Foods Company Profile

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.