Geneva Capital Management LLC Has $74.51 Million Stake in J&J Snack Foods Corp. (NASDAQ:JJSF)

Geneva Capital Management LLC lessened its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 515,429 shares of the company’s stock after selling 6,995 shares during the period. J&J Snack Foods accounts for about 1.3% of Geneva Capital Management LLC’s portfolio, making the stock its 27th largest position. Geneva Capital Management LLC owned 2.66% of J&J Snack Foods worth $74,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bridge City Capital LLC increased its position in J&J Snack Foods by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 14,056 shares of the company’s stock valued at $2,032,000 after acquiring an additional 110 shares in the last quarter. D.B. Root & Company LLC raised its holdings in J&J Snack Foods by 1.6% in the fourth quarter. D.B. Root & Company LLC now owns 7,734 shares of the company’s stock worth $1,293,000 after purchasing an additional 120 shares during the period. Van Hulzen Asset Management LLC increased its holdings in shares of J&J Snack Foods by 3.1% in the fourth quarter. Van Hulzen Asset Management LLC now owns 5,730 shares of the company’s stock worth $958,000 after acquiring an additional 170 shares in the last quarter. Quadrature Capital Ltd raised its holdings in J&J Snack Foods by 11.3% during the 4th quarter. Quadrature Capital Ltd now owns 1,680 shares of the company’s stock worth $281,000 after buying an additional 170 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in J&J Snack Foods in the 1st quarter valued at $29,000. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J&J Snack Foods Price Performance

Shares of NASDAQ JJSF traded down $3.34 during trading hours on Thursday, hitting $163.82. 153,136 shares of the stock were exchanged, compared to its average volume of 92,550. J&J Snack Foods Corp. has a 1-year low of $133.23 and a 1-year high of $177.71. The company has a market cap of $3.18 billion, a PE ratio of 36.90 and a beta of 0.61. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 2.41. The company’s fifty day simple moving average is $162.56 and its two-hundred day simple moving average is $153.58.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.21. The business had revenue of $359.73 million for the quarter, compared to analyst estimates of $341.08 million. J&J Snack Foods had a return on equity of 10.71% and a net margin of 5.45%. J&J Snack Foods’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. On average, sell-side analysts predict that J&J Snack Foods Corp. will post 5.29 EPS for the current year.

J&J Snack Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 18th were issued a $0.735 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $2.94 annualized dividend and a yield of 1.79%. J&J Snack Foods’s payout ratio is currently 66.22%.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and set a $195.00 target price on shares of J&J Snack Foods in a report on Tuesday, May 7th.

Insider Buying and Selling

In other news, VP Robert Cranmer sold 2,278 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $162.03, for a total value of $369,104.34. Following the completion of the sale, the vice president now owns 872 shares in the company, valued at approximately $141,290.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 22.20% of the stock is owned by company insiders.

J&J Snack Foods Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.