Heritage Wealth Management LLC increased its holdings in J & J Snack Foods Corp. (NASDAQ:JJSF) by 20.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 582 shares of the company’s stock after buying an additional 97 shares during the quarter. Heritage Wealth Management LLC’s holdings in J & J Snack Foods were worth $89,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Blair William & Co. IL boosted its stake in shares of J & J Snack Foods by 4.5% during the 2nd quarter. Blair William & Co. IL now owns 20,949 shares of the company’s stock worth $3,654,000 after acquiring an additional 901 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of J & J Snack Foods by 47.1% during the second quarter. Goldman Sachs Group Inc. now owns 107,690 shares of the company’s stock worth $18,782,000 after acquiring an additional 34,501 shares in the last quarter. RK Asset Management LLC raised its holdings in J & J Snack Foods by 5.1% during the third quarter. RK Asset Management LLC now owns 29,985 shares of the company’s stock valued at $4,582,000 after buying an additional 1,450 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in J & J Snack Foods during the third quarter valued at about $1,184,000. Finally, Invesco Ltd. raised its holdings in J & J Snack Foods by 6.9% during the second quarter. Invesco Ltd. now owns 121,293 shares of the company’s stock valued at $21,154,000 after buying an additional 7,841 shares in the last quarter. 94.35% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on JJSF shares. Benchmark initiated coverage on J & J Snack Foods in a research report on Wednesday, December 8th. They set a “buy” rating and a $171.00 target price on the stock. Zacks Investment Research cut shares of J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 3rd.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, November 15th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.29). J & J Snack Foods had a return on equity of 6.85% and a net margin of 4.86%. The business had revenue of $323.06 million for the quarter, compared to the consensus estimate of $313.30 million. During the same period last year, the firm earned $0.35 earnings per share. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. Sell-side analysts predict that J & J Snack Foods Corp. will post 4.4 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 11th. Investors of record on Monday, December 20th were paid a $0.633 dividend. The ex-dividend date was Friday, December 17th. This represents a $2.53 dividend on an annualized basis and a yield of 1.64%. J & J Snack Foods’s dividend payout ratio (DPR) is currently 87.24%.
In other news, Director Marjorie Shreiber Roshkoff sold 773 shares of J & J Snack Foods stock in a transaction dated Thursday, December 2nd. The shares were sold at an average price of $139.00, for a total transaction of $107,447.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert Joseph Pape sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, November 24th. The shares were sold at an average price of $148.78, for a total transaction of $401,706.00. The disclosure for this sale can be found here. 20.00% of the stock is currently owned by corporate insiders.
J & J Snack Foods Profile
J&J Snack Foods Corp. manufactures nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products, and baked goods.
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