Bernzott Capital Advisors Buys 11,923 Shares of J & J Snack Foods Corp. $JJSF

Bernzott Capital Advisors boosted its position in J & J Snack Foods Corp. (NASDAQ:JJSF) by 15.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,163 shares of the company’s stock after acquiring an additional 11,923 shares during the period. J & J Snack Foods accounts for 3.3% of Bernzott Capital Advisors’ portfolio, making the stock its 10th largest position. Bernzott Capital Advisors’ holdings in J & J Snack Foods were worth $6,989,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of J & J Snack Foods by 1.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,739,411 shares of the company’s stock worth $157,451,000 after purchasing an additional 26,975 shares during the period. Vanguard Group Inc. increased its stake in shares of J & J Snack Foods by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 2,000,911 shares of the company’s stock valued at $180,822,000 after acquiring an additional 31,612 shares during the last quarter. Phocas Financial Corp. bought a new stake in shares of J & J Snack Foods in the 4th quarter valued at about $3,647,000. First Trust Advisors LP raised its position in shares of J & J Snack Foods by 19.9% in the 3rd quarter. First Trust Advisors LP now owns 404,461 shares of the company’s stock valued at $38,865,000 after acquiring an additional 67,028 shares during the period. Finally, Ballentine Partners LLC raised its position in shares of J & J Snack Foods by 638.5% in the 4th quarter. Ballentine Partners LLC now owns 16,211 shares of the company’s stock valued at $1,465,000 after acquiring an additional 14,016 shares during the period. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J & J Snack Foods Stock Down 0.6%

J & J Snack Foods stock opened at $75.50 on Friday. The company has a 50 day moving average of $75.70 and a 200-day moving average of $82.33. J & J Snack Foods Corp. has a twelve month low of $68.87 and a twelve month high of $129.24. The stock has a market capitalization of $1.42 billion, a PE ratio of 25.34 and a beta of 0.38.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $344.82 million for the quarter, compared to analysts’ expectations of $349.67 million. J & J Snack Foods had a net margin of 3.75% and a return on equity of 9.01%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. Equities analysts anticipate that J & J Snack Foods Corp. will post 4 EPS for the current fiscal year.

J & J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 16th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. J & J Snack Foods’s dividend payout ratio (DPR) is currently 107.38%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on JJSF shares. Benchmark decreased their price objective on shares of J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating for the company in a report on Monday, May 11th. Zacks Research lowered shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of J & J Snack Foods in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $120.00.

About J & J Snack Foods

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.