Alps Advisors Inc. Makes New Investment in J&J Snack Foods Corp. (NASDAQ:JJSF)

Alps Advisors Inc. acquired a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSFGet Rating) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,590 shares of the company’s stock, valued at approximately $362,000.

A number of other institutional investors have also recently bought and sold shares of JJSF. First Horizon Advisors Inc. acquired a new stake in J&J Snack Foods during the 2nd quarter worth about $26,000. KBC Group NV acquired a new stake in J&J Snack Foods during the 2nd quarter worth about $171,000. Nisa Investment Advisors LLC boosted its position in J&J Snack Foods by 13.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,688 shares of the company’s stock worth $236,000 after acquiring an additional 200 shares during the period. Profund Advisors LLC boosted its position in J&J Snack Foods by 11.2% during the 1st quarter. Profund Advisors LLC now owns 1,701 shares of the company’s stock worth $264,000 after acquiring an additional 172 shares during the period. Finally, Versor Investments LP boosted its position in J&J Snack Foods by 29.4% during the 1st quarter. Versor Investments LP now owns 1,741 shares of the company’s stock worth $270,000 after acquiring an additional 396 shares during the period. 79.89% of the stock is currently owned by institutional investors and hedge funds.

J&J Snack Foods Stock Up 1.1 %

JJSF opened at $161.38 on Wednesday. J&J Snack Foods Corp. has a fifty-two week low of $117.45 and a fifty-two week high of $165.78. The business has a 50-day moving average of $141.17 and a 200-day moving average of $138.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.45 and a quick ratio of 1.45. The company has a market capitalization of $3.10 billion, a PE ratio of 65.60 and a beta of 0.49.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 10th. Stockholders of record on Monday, December 19th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, December 16th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 113.82%.

Insider Transactions at J&J Snack Foods

In related news, CEO Dan Fachner sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $155.00, for a total value of $1,240,000.00. Following the transaction, the chief executive officer now directly owns 22,896 shares of the company’s stock, valued at approximately $3,548,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JJSF. CL King raised their price objective on J&J Snack Foods from $165.00 to $180.00 in a research report on Wednesday, November 16th. StockNews.com raised J&J Snack Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th.

J&J Snack Foods Company Profile

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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.

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

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