J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in J&J Snack Foods Corp. (NASDAQ:JJSFGet Rating) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,862 shares of the company’s stock after purchasing an additional 96 shares during the quarter. Victory Capital Management Inc.’s holdings in J&J Snack Foods were worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ophir Asset Management Pty Ltd acquired a new stake in J&J Snack Foods during the 2nd quarter worth $15,624,000. Eaton Vance Management raised its stake in J&J Snack Foods by 53.8% during the 1st quarter. Eaton Vance Management now owns 255,187 shares of the company’s stock worth $39,579,000 after acquiring an additional 89,278 shares in the last quarter. Confluence Investment Management LLC raised its stake in J&J Snack Foods by 140.8% during the 2nd quarter. Confluence Investment Management LLC now owns 106,553 shares of the company’s stock worth $14,881,000 after acquiring an additional 62,303 shares in the last quarter. DAVENPORT & Co LLC raised its stake in J&J Snack Foods by 23.7% during the 2nd quarter. DAVENPORT & Co LLC now owns 156,411 shares of the company’s stock worth $21,844,000 after acquiring an additional 29,975 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in J&J Snack Foods by 12.7% during the 1st quarter. Bank of America Corp DE now owns 217,322 shares of the company’s stock worth $33,706,000 after acquiring an additional 24,447 shares in the last quarter. 79.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of J&J Snack Foods in a research report on Wednesday, October 12th. They set a “sell” rating on the stock.

Insiders Place Their Bets

In other news, CEO Dan Fachner sold 8,000 shares of J&J Snack Foods stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $155.00, for a total value of $1,240,000.00. Following the sale, the chief executive officer now owns 22,896 shares of the company’s stock, valued at $3,548,880. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO Stephen Every sold 1,373 shares of J&J Snack Foods stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $158.12, for a total value of $217,098.76. Following the sale, the chief operating officer now owns 3,595 shares of the company’s stock, valued at $568,441.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dan Fachner sold 8,000 shares of J&J Snack Foods stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $155.00, for a total transaction of $1,240,000.00. Following the completion of the sale, the chief executive officer now directly owns 22,896 shares in the company, valued at approximately $3,548,880. The disclosure for this sale can be found here. 20.00% of the stock is currently owned by insiders.

J&J Snack Foods Trading Down 2.6 %

Shares of J&J Snack Foods stock opened at $145.88 on Wednesday. J&J Snack Foods Corp. has a 1 year low of $117.45 and a 1 year high of $165.78. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.76 and a current ratio of 2.63. The company has a market capitalization of $2.80 billion, a P/E ratio of 57.43 and a beta of 0.49. The company’s fifty day moving average is $139.99 and its two-hundred day moving average is $137.87.

J&J Snack Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 11th. Shareholders of record on Monday, September 19th were given a dividend of $0.70 per share. This is an increase from J&J Snack Foods’s previous quarterly dividend of $0.63. This represents a $2.80 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, September 16th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 110.24%.

J&J Snack Foods Company Profile

(Get Rating)

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 in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

Further Reading

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

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