KCG Holdings Inc. increased its stake in J & J Snack Foods Corp. (NASDAQ:JJSF) by 91.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,955 shares of the company’s stock after buying an additional 1,409 shares during the period. KCG Holdings Inc.’s holdings in J & J Snack Foods Corp. were worth $401,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. State Street Corp increased its stake in shares of J & J Snack Foods Corp. by 9.5% in the fourth quarter. State Street Corp now owns 341,346 shares of the company’s stock valued at $45,551,000 after buying an additional 29,576 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of J & J Snack Foods Corp. by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 440,420 shares of the company’s stock valued at $59,703,000 after buying an additional 1,274 shares in the last quarter. Guggenheim Capital LLC bought a new stake in shares of J & J Snack Foods Corp. during the fourth quarter valued at about $1,918,000. Bank of Montreal Can increased its stake in shares of J & J Snack Foods Corp. by 8.5% in the first quarter. Bank of Montreal Can now owns 1,319 shares of the company’s stock valued at $179,000 after buying an additional 103 shares in the last quarter. Finally, Capital Impact Advisors LLC increased its stake in shares of J & J Snack Foods Corp. by 61.1% in the first quarter. Capital Impact Advisors LLC now owns 13,578 shares of the company’s stock valued at $1,841,000 after buying an additional 5,152 shares in the last quarter. 67.95% of the stock is owned by institutional investors.
J & J Snack Foods Corp. (JJSF) opened at 129.38 on Monday. The company has a 50-day moving average of $133.20 and a 200-day moving average of $132.66. The company has a market cap of $2.42 billion, a P/E ratio of 31.56 and a beta of 0.73. J & J Snack Foods Corp. has a 52-week low of $102.81 and a 52-week high of $143.21.
J & J Snack Foods Corp. (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, April 24th. The company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.03. The business had revenue of $246.50 million for the quarter, compared to the consensus estimate of $245.59 million. J & J Snack Foods Corp. had a net margin of 7.60% and a return on equity of 12.02%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 EPS. On average, equities research analysts expect that J & J Snack Foods Corp. will post $4.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Wednesday, June 21st were paid a dividend of $0.42 per share. The ex-dividend date was Monday, June 19th. This represents a $1.68 dividend on an annualized basis and a yield of 1.30%. J & J Snack Foods Corp.’s dividend payout ratio (DPR) is presently 40.88%.
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Several equities research analysts have recently issued reports on JJSF shares. Zacks Investment Research downgraded shares of J & J Snack Foods Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, March 28th. BidaskClub downgraded shares of J & J Snack Foods Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. J & J Snack Foods Corp. presently has a consensus rating of “Hold” and a consensus target price of $134.33.
In other J & J Snack Foods Corp. news, insider Dan Fachner sold 7,500 shares of the business’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $134.51, for a total transaction of $1,008,825.00. Following the completion of the sale, the insider now owns 27,421 shares in the company, valued at approximately $3,688,398.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Joseph Pape sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $131.29, for a total transaction of $393,870.00. Following the sale, the insider now owns 15,221 shares of the company’s stock, valued at approximately $1,998,365.09. The disclosure for this sale can be found here. Insiders have sold a total of 18,000 shares of company stock valued at $2,394,795 in the last 90 days. 21.00% of the stock is currently owned by company insiders.
About J & J Snack Foods Corp.
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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