North Star Investment Management Corp. Invests $872,000 in J & J Snack Foods Corp. $JJSF

North Star Investment Management Corp. acquired a new stake in J & J Snack Foods Corp. (NASDAQ:JJSF) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,000 shares of the company’s stock, valued at approximately $872,000. North Star Investment Management Corp. owned approximately 0.06% of J & J Snack Foods as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JJSF. Allworth Financial LP boosted its stake in J & J Snack Foods by 485.1% during the fourth quarter. Allworth Financial LP now owns 275 shares of the company’s stock worth $25,000 after acquiring an additional 228 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of J & J Snack Foods by 1,133.3% during the fourth quarter. Global Retirement Partners LLC now owns 333 shares of the company’s stock valued at $30,000 after purchasing an additional 306 shares during the period. IFP Advisors Inc raised its holdings in shares of J & J Snack Foods by 1,450.0% during the fourth quarter. IFP Advisors Inc now owns 341 shares of the company’s stock valued at $31,000 after purchasing an additional 319 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of J & J Snack Foods by 58.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 404 shares of the company’s stock valued at $36,000 after purchasing an additional 149 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of J & J Snack Foods by 897.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 439 shares of the company’s stock worth $40,000 after purchasing an additional 395 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

J & J Snack Foods Trading Down 2.4%

Shares of JJSF stock opened at $73.94 on Tuesday. The firm has a fifty day simple moving average of $76.87 and a two-hundred day simple moving average of $83.36. J & J Snack Foods Corp. has a 12 month low of $68.87 and a 12 month high of $129.24. The firm has a market capitalization of $1.39 billion, a PE ratio of 24.81 and a beta of 0.38.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $344.82 million for the quarter, compared to analyst estimates of $349.67 million. J & J Snack Foods had a net margin of 3.75% and a return on equity of 9.01%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. On average, equities analysts predict that J & J Snack Foods Corp. will post 4.16 earnings per share for the current fiscal year.

J & J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 16th will be given a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $3.20 annualized dividend and a yield of 4.3%. J & J Snack Foods’s dividend payout ratio (DPR) is presently 107.38%.

Analyst Ratings Changes

JJSF has been the subject of several research reports. Benchmark reduced their target price on J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Zacks Research downgraded J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research note 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 equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, J & J Snack Foods has an average rating of “Reduce” and an average target price of $120.00.

J & J Snack Foods Company Profile

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.