SG Americas Securities LLC Invests $709,000 in J & J Snack Foods Corp. (NASDAQ:JJSF)

SG Americas Securities LLC bought a new position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,367 shares of the company’s stock, valued at approximately $709,000.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew 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 worth $59,703,000 after purchasing an additional 1,274 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in J & J Snack Foods Corp. by 58.7% in the first quarter. Alliancebernstein L.P. now owns 36,114 shares of the company’s stock valued at $4,896,000 after buying an additional 13,352 shares during the period. Tower Research Capital LLC TRC lifted its holdings in J & J Snack Foods Corp. by 158.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,061 shares of the company’s stock valued at $144,000 after buying an additional 651 shares during the period. Sei Investments Co. lifted its holdings in J & J Snack Foods Corp. by 18.6% in the second quarter. Sei Investments Co. now owns 25,448 shares of the company’s stock valued at $3,361,000 after buying an additional 3,996 shares during the period. Finally, Bank of Montreal Can lifted its holdings in 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 during the period. 67.52% of the stock is currently owned by institutional investors.

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Shares of J & J Snack Foods Corp. (NASDAQ:JJSF) opened at 128.73 on Friday. The stock’s 50 day moving average is $127.35 and its 200 day moving average is $131.88. The company has a market capitalization of $2.41 billion, a P/E ratio of 32.10 and a beta of 0.74. 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 released its quarterly earnings results on Monday, July 24th. The company reported $1.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.15). The firm had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $297.83 million. J & J Snack Foods Corp. had a net margin of 7.33% and a return on equity of 11.55%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 earnings per share. Equities analysts expect that J & J Snack Foods Corp. will post $4.19 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, September 13th. J & J Snack Foods Corp.’s payout ratio is 41.90%.

J & J Snack Foods Corp. declared that its Board of Directors has approved a stock buyback plan on Friday, August 4th that authorizes the company to repurchase 500,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Several brokerages have recently weighed in on JJSF. BidaskClub lowered shares of J & J Snack Foods Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Zacks Investment Research lowered shares of J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 26th.

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.

Institutional Ownership by Quarter for J & J Snack Foods Corp. (NASDAQ:JJSF)

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