J & J Snack Foods Corp. $JJSF Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its position in J & J Snack Foods Corp. (NASDAQ:JJSF) by 48.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 129,228 shares of the company’s stock after purchasing an additional 42,055 shares during the period. ProShare Advisors LLC owned approximately 0.69% of J & J Snack Foods worth $9,879,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of J & J Snack Foods during the second quarter worth approximately $175,914,000. Dimensional Fund Advisors LP lifted its position in J & J Snack Foods by 14.5% in the first quarter. Dimensional Fund Advisors LP now owns 624,021 shares of the company’s stock worth $49,468,000 after purchasing an additional 79,093 shares during the period. Bank of America Corp DE acquired a new stake in J & J Snack Foods in the second quarter worth approximately $16,080,000. Bank of New York Mellon Corp bought a new position in J & J Snack Foods during the 2nd quarter valued at $13,115,000. Finally, Sei Investments Co. boosted its stake in J & J Snack Foods by 25.7% during the 1st quarter. Sei Investments Co. now owns 122,577 shares of the company’s stock valued at $9,717,000 after purchasing an additional 25,038 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JJSF. Jefferies Financial Group raised J & J Snack Foods from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $81.00 to $101.00 in a research note on Thursday, August 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Monday, September 21st. Finally, Zacks Research raised shares of J & J Snack Foods from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $110.50.

J & J Snack Foods Trading Down 2.4%

Shares of NASDAQ:JJSF opened at $87.01 on Wednesday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 33.47 and a beta of 0.41. 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 debt-to-equity ratio of 0.03, a quick ratio of 1.47 and a current ratio of 2.34. The company 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 posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.26. The firm had revenue of $425.96 million for the quarter, compared to analyst estimates of $427.65 million. J & J Snack Foods had a net margin of 3.23% and a return on equity of 8.93%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.00 earnings per share. On average, research analysts anticipate that J & J Snack Foods Corp. will post 3.87 EPS for the current fiscal year.

J & J Snack Foods Dividend Announcement

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

About J & J Snack Foods

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.