J & J Snack Foods Corp. $JJSF Stock: ProShare Advisors LLC Boosts Holdings

ProShare Advisors LLC boosted its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 48.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 129,228 shares of the company’s stock after purchasing an additional 42,055 shares during the quarter. ProShare Advisors LLC’s holdings in J & J Snack Foods were worth $9,879,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JJSF. Vise Technologies Inc. boosted its holdings in shares of J & J Snack Foods by 61.4% in the third quarter. Vise Technologies Inc. now owns 5,330 shares of the company’s stock worth $407,000 after buying an additional 2,027 shares during the period. Signaturefd LLC increased its position in shares of J & J Snack Foods by 14.5% in the third quarter. Signaturefd LLC now owns 1,124 shares of the company’s stock worth $86,000 after acquiring an additional 142 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of J & J Snack Foods by 11.4% during the third quarter. Nisa Investment Advisors LLC now owns 2,577 shares of the company’s stock valued at $199,000 after acquiring an additional 263 shares during the period. IFP Advisors Inc raised its holdings in shares of J & J Snack Foods by 43.1% during the third quarter. IFP Advisors Inc now owns 455 shares of the company’s stock valued at $35,000 after acquiring an additional 137 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of J & J Snack Foods by 43.2% in the 3rd quarter. GAMMA Investing LLC now owns 2,779 shares of the company’s stock valued at $212,000 after acquiring an additional 839 shares in the last quarter. 76.04% of the stock is owned by hedge funds and other institutional investors.

J & J Snack Foods Stock Down 2.4%

Shares of J & J Snack Foods stock opened at $87.01 on Wednesday. J & J Snack Foods Corp. has a 1 year low of $68.87 and a 1 year high of $98.63. The company has a market cap of $1.63 billion, a P/E ratio of 33.47 and a beta of 0.41. The company has a current ratio of 2.34, a quick ratio of 1.47 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $82.01 and a 200 day moving average price of $81.48.

J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Wednesday, August 5th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.26. The company had revenue of $425.96 million for the quarter, compared to analysts’ expectations of $427.65 million. J & J Snack Foods had a return on equity of 8.93% and a net margin of 3.23%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.00 EPS. As a group, analysts expect that J & J Snack Foods Corp. will post 3.87 EPS for the current fiscal year.

J & J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 15th. J & J Snack Foods’s dividend payout ratio is 123.08%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Zacks Research raised shares of J & J Snack Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a research note on Monday, September 21st. Finally, Jefferies Financial Group upgraded J & J Snack Foods from a “hold” rating to a “buy” rating and increased 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, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, J & J Snack Foods presently has a consensus rating of “Hold” and a consensus price target of $110.50.

J & J Snack Foods Profile

J&J Snack Foods Corp. manufactures and distributes snack foods and frozen beverages for retail and foodservice customers. Its products include soft pretzels, churros, funnel cakes, cookies, baked goods, frozen novelties and frozen juice treats, as well as frozen carbonated beverages and related dispensing products.

The company markets products under brands including SuperPretzel, ICEE, Dippin’ Dots, LUIGI’S, MAMMA BELLA’S and MINUTE MAID frozen novelties, along with products sold under customer and private-label brands.