GAMMA Investing LLC Purchases 46,816 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

GAMMA Investing LLC lifted its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 7,763.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 47,419 shares of the company’s stock after purchasing an additional 46,816 shares during the period. GAMMA Investing LLC owned about 0.24% of J&J Snack Foods worth $6,246,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in J&J Snack Foods during the 4th quarter valued at about $530,000. Vanguard Group Inc. lifted its holdings in shares of J&J Snack Foods by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company’s stock worth $256,457,000 after buying an additional 20,238 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of J&J Snack Foods in the fourth quarter worth $674,000. Smartleaf Asset Management LLC raised its stake in J&J Snack Foods by 163.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock valued at $50,000 after purchasing an additional 198 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in J&J Snack Foods by 18.3% during the fourth quarter. Bank of Montreal Can now owns 2,002 shares of the company’s stock valued at $311,000 after purchasing an additional 310 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Trading Up 2.4%

Shares of NASDAQ:JJSF opened at $118.78 on Tuesday. J&J Snack Foods Corp. has a twelve month low of $111.11 and a twelve month high of $180.80. The company’s 50 day moving average is $123.71 and its 200 day moving average is $137.01. The company has a market cap of $2.31 billion, a PE ratio of 27.37 and a beta of 0.44.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.34). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The firm had revenue of $356.10 million for the quarter, compared to analyst estimates of $369.01 million. During the same period in the previous year, the business earned $0.84 EPS. J&J Snack Foods’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts predict that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Tuesday, June 17th. J&J Snack Foods’s payout ratio is presently 80.00%.

Wall Street Analysts Forecast Growth

JJSF has been the topic of a number of analyst reports. Benchmark cut their price objective on shares of J&J Snack Foods from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Jefferies Financial Group lowered their price objective on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Finally, Wall Street Zen raised shares of J&J Snack Foods from a “sell” rating to a “hold” rating in a research report on Friday.

About J&J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of 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 novelties, churros, handheld products, and baked goods.