Segall Bryant & Hamill LLC Purchases 1,324 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Segall Bryant & Hamill LLC lifted its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,960 shares of the company’s stock after purchasing an additional 1,324 shares during the period. Segall Bryant & Hamill LLC owned 0.13% of J&J Snack Foods worth $4,296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in J&J Snack Foods by 603.8% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock worth $59,000 after buying an additional 314 shares during the period. Blue Trust Inc. grew its stake in shares of J&J Snack Foods by 39,000.0% in the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock valued at $63,000 after acquiring an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in J&J Snack Foods during the second quarter worth about $76,000. Canada Pension Plan Investment Board acquired a new stake in J&J Snack Foods in the 2nd quarter worth about $114,000. Finally, nVerses Capital LLC bought a new stake in J&J Snack Foods in the 3rd quarter valued at about $120,000. 76.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.20% of the stock is currently owned by insiders.

J&J Snack Foods Price Performance

Shares of NASDAQ JJSF opened at $171.16 on Friday. The stock has a market capitalization of $3.32 billion, a PE ratio of 38.46 and a beta of 0.63. J&J Snack Foods Corp. has a fifty-two week low of $133.23 and a fifty-two week high of $180.80. The business has a fifty day moving average price of $168.58 and a two-hundred day moving average price of $166.69.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.25). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The firm had revenue of $426.76 million for the quarter, compared to the consensus estimate of $428.33 million. During the same period in the prior year, the company earned $1.73 EPS. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities analysts expect that J&J Snack Foods Corp. will post 5.69 EPS for the current year.

J&J Snack Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a yield of 1.82%. J&J Snack Foods’s dividend payout ratio (DPR) is 70.11%.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a report on Friday, November 15th.

About J&J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.