Champlain Investment Partners LLC Has $53.60 Million Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Champlain Investment Partners LLC decreased its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,808 shares of the company’s stock after selling 2,580 shares during the quarter. Champlain Investment Partners LLC owned approximately 1.91% of J&J Snack Foods worth $53,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC acquired a new position in shares of J&J Snack Foods in the first quarter valued at approximately $29,000. YHB Investment Advisors Inc. bought a new stake in shares of J&J Snack Foods in the first quarter valued at about $44,000. Newbridge Financial Services Group Inc. acquired a new position in shares of J&J Snack Foods in the first quarter valued at about $69,000. Covestor Ltd grew its stake in shares of J&J Snack Foods by 54,200.0% in the first quarter. Covestor Ltd now owns 543 shares of the company’s stock valued at $78,000 after acquiring an additional 542 shares in the last quarter. Finally, USA Financial Formulas bought a new position in J&J Snack Foods during the fourth quarter worth about $105,000. 76.04% of the stock is owned by institutional investors.

Insider Buying and Selling at J&J Snack Foods

In other news, VP Robert Cranmer sold 2,278 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $162.03, for a total value of $369,104.34. Following the completion of the transaction, the vice president now directly owns 872 shares in the company, valued at approximately $141,290.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 22.20% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark lowered their target price on shares of J&J Snack Foods from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 16th.

J&J Snack Foods Price Performance

Shares of NASDAQ:JJSF traded up $1.03 during trading on Tuesday, reaching $170.55. 47,402 shares of the company traded hands, compared to its average volume of 91,590. The firm has a market capitalization of $3.31 billion, a PE ratio of 38.18 and a beta of 0.61. J&J Snack Foods Corp. has a 52 week low of $133.23 and a 52 week high of $177.71. The company has a quick ratio of 1.33, a current ratio of 2.41 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $164.69 and its two-hundred day moving average is $153.48.

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

J&J Snack Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Tuesday, June 18th were paid a $0.735 dividend. This represents a $2.94 annualized dividend and a yield of 1.72%. The ex-dividend date was Tuesday, June 18th. J&J Snack Foods’s payout ratio is 66.22%.

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.