GSA Capital Partners LLP Makes New $612,000 Investment in J & J Snack Foods Corp. $JJSF

GSA Capital Partners LLP purchased a new stake in J & J Snack Foods Corp. (NASDAQ:JJSF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,334 shares of the company’s stock, valued at approximately $612,000.

Several other large investors have also modified their holdings of the business. Allworth Financial LP raised its position in shares of J & J Snack Foods by 485.1% during the 4th quarter. Allworth Financial LP now owns 275 shares of the company’s stock worth $25,000 after purchasing an additional 228 shares during the last quarter. Global Retirement Partners LLC grew its holdings in J & J Snack Foods by 1,133.3% during the 4th quarter. Global Retirement Partners LLC now owns 333 shares of the company’s stock valued at $30,000 after buying an additional 306 shares during the last quarter. IFP Advisors Inc grew its holdings in J & J Snack Foods by 1,450.0% during the 4th quarter. IFP Advisors Inc now owns 341 shares of the company’s stock valued at $31,000 after buying an additional 319 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in J & J Snack Foods by 902.9% during the second quarter. EverSource Wealth Advisors LLC now owns 351 shares of the company’s stock worth $40,000 after buying an additional 316 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in J & J Snack Foods by 58.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 404 shares of the company’s stock worth $36,000 after buying an additional 149 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on JJSF shares. Benchmark decreased their price objective on J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Wednesday, June 24th. Zacks Research downgraded shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, Jefferies Financial Group upgraded shares of J & J Snack Foods from a “hold” rating to a “buy” rating and upped their target price for the company from $81.00 to $101.00 in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $110.50.

J & J Snack Foods Price Performance

JJSF stock opened at $88.44 on Friday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 34.02 and a beta of 0.38. The company has a quick ratio of 1.47, a current ratio of 2.34 and a debt-to-equity ratio of 0.03. J & J Snack Foods Corp. has a 52-week low of $68.87 and a 52-week high of $116.32. The stock’s fifty day simple moving average is $79.40 and its 200-day simple moving average is $80.01.

J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Wednesday, August 5th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.70 by $0.26. J & J Snack Foods had a return on equity of 8.93% and a net margin of 3.23%.The firm had revenue of $425.96 million during the quarter, compared to analyst estimates of $427.65 million. During the same period in the prior year, the firm posted $2.00 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities research analysts expect that J & J Snack Foods Corp. will post 3.98 EPS for the current year.

J & J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be issued a $0.80 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.20 annualized dividend and a yield of 3.6%. J & J Snack Foods’s payout ratio is 123.08%.

J & J Snack Foods 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.