International Assets Investment Management LLC Buys Shares of 1,170 J&J Snack Foods Corp. (NASDAQ:JJSF)

International Assets Investment Management LLC purchased a new stake in J&J Snack Foods Corp. (NASDAQ:JJSF) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,170 shares of the company’s stock, valued at approximately $196,000.

Several other hedge funds also recently made changes to their positions in the stock. DAVENPORT & Co LLC grew its position in shares of J&J Snack Foods by 4.9% in the fourth quarter. DAVENPORT & Co LLC now owns 194,357 shares of the company’s stock valued at $32,741,000 after purchasing an additional 9,094 shares in the last quarter. D.B. Root & Company LLC grew its position in shares of J&J Snack Foods by 1.6% in the fourth quarter. D.B. Root & Company LLC now owns 7,734 shares of the company’s stock valued at $1,293,000 after purchasing an additional 120 shares in the last quarter. RK Asset Management LLC grew its position in shares of J&J Snack Foods by 4.8% in the fourth quarter. RK Asset Management LLC now owns 33,698 shares of the company’s stock valued at $5,632,000 after purchasing an additional 1,552 shares in the last quarter. Vanguard Group Inc. grew its position in J&J Snack Foods by 0.6% during the third quarter. Vanguard Group Inc. now owns 1,548,424 shares of the company’s stock worth $253,400,000 after buying an additional 8,918 shares in the last quarter. Finally, American Century Companies Inc. grew its position in J&J Snack Foods by 12,431.7% during the third quarter. American Century Companies Inc. now owns 204,642 shares of the company’s stock worth $33,490,000 after buying an additional 203,009 shares in the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

J&J Snack Foods Price Performance

J&J Snack Foods stock opened at $136.67 on Monday. J&J Snack Foods Corp. has a 52 week low of $133.23 and a 52 week high of $177.71. The business has a 50-day simple moving average of $141.16 and a 200 day simple moving average of $154.15. The company has a quick ratio of 1.36, a current ratio of 2.40 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 33.25 and a beta of 0.52.

J&J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, February 5th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.35). J&J Snack Foods had a return on equity of 9.98% and a net margin of 5.11%. The business had revenue of $348.31 million for the quarter, compared to analysts’ expectations of $363.54 million. On average, research analysts forecast that J&J Snack Foods Corp. will post 5.06 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Tuesday, March 19th were given a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Monday, March 18th. J&J Snack Foods’s payout ratio is 71.53%.

Insider Buying and Selling

In related news, Director Marjorie Shreiber Roshkoff sold 625 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $147.73, for a total transaction of $92,331.25. Following the completion of the transaction, the director now directly owns 69,459 shares in the company, valued at $10,261,178.07. The transaction was disclosed in a document filed with the SEC, which is available through this link. 22.20% of the stock is owned by company insiders.

J&J Snack Foods Company Profile

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.