1,276 Shares in J&J Snack Foods Corp. (NASDAQ:JJSF) Acquired by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC bought a new stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,276 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System lifted its holdings in shares of J&J Snack Foods by 1.9% in the second quarter. Arizona State Retirement System now owns 4,341 shares of the company’s stock worth $705,000 after buying an additional 83 shares in the last quarter. Victory Capital Management Inc. increased its holdings in J&J Snack Foods by 10.5% during the 2nd quarter. Victory Capital Management Inc. now owns 7,184 shares of the company’s stock worth $1,166,000 after acquiring an additional 685 shares during the period. Bernzott Capital Advisors purchased a new stake in J&J Snack Foods in the 2nd quarter worth approximately $4,990,000. Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in J&J Snack Foods by 20.0% in the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 6,000 shares of the company’s stock valued at $974,000 after purchasing an additional 1,000 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in J&J Snack Foods by 6.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,562,491 shares of the company’s stock valued at $253,702,000 after purchasing an additional 89,160 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Price Performance

NASDAQ:JJSF traded down $1.99 during trading hours on Friday, hitting $165.50. The stock had a trading volume of 87,687 shares, compared to its average volume of 91,545. The company has a 50 day simple moving average of $167.82 and a two-hundred day simple moving average of $156.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.27 and a quick ratio of 1.39. J&J Snack Foods Corp. has a one year low of $133.23 and a one year high of $176.38. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 37.27 and a beta of 0.62.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.01). J&J Snack Foods had a net margin of 5.49% and a return on equity of 10.70%. The firm had revenue of $439.96 million during the quarter, compared to the consensus estimate of $440.92 million. During the same period in the previous year, the business earned $1.92 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts forecast that J&J Snack Foods Corp. will post 5.21 earnings per share for the current fiscal year.

J&J Snack Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.78 per share. This is an increase from J&J Snack Foods’s previous quarterly dividend of $0.74. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, September 17th. J&J Snack Foods’s payout ratio is currently 70.27%.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, August 6th.

Insider Transactions at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total transaction of $3,359,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other J&J Snack Foods news, VP Mary Lou Kehoe sold 1,500 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $169.59, for a total value of $254,385.00. Following the completion of the sale, the vice president now directly owns 742 shares of the company’s stock, valued at $125,835.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald B. Shreiber sold 20,000 shares of the business’s stock in a transaction on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The disclosure for this sale can be found here. 22.20% of the stock is currently owned by insiders.

About J&J Snack Foods

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.