J & J Snack Foods Corp. $JJSF Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 94.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 700 shares of the company’s stock after purchasing an additional 340 shares during the quarter. GAMMA Investing LLC’s holdings in J & J Snack Foods were worth $79,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of J & J Snack Foods by 198.9% during the second quarter. Parallel Advisors LLC now owns 529 shares of the company’s stock worth $60,000 after purchasing an additional 352 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of J & J Snack Foods by 31.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company’s stock worth $81,000 after purchasing an additional 145 shares in the last quarter. CWM LLC lifted its stake in shares of J & J Snack Foods by 301.3% during the first quarter. CWM LLC now owns 634 shares of the company’s stock worth $84,000 after purchasing an additional 476 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of J & J Snack Foods during the first quarter worth about $228,000. Finally, Aigen Investment Management LP acquired a new position in shares of J & J Snack Foods during the first quarter worth about $232,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

J & J Snack Foods Stock Down 1.6%

Shares of J & J Snack Foods stock opened at $96.78 on Friday. The firm has a market cap of $1.88 billion, a P/E ratio of 22.56 and a beta of 0.38. J & J Snack Foods Corp. has a fifty-two week low of $94.13 and a fifty-two week high of $180.80. The business has a 50-day moving average price of $108.21 and a 200 day moving average price of $117.00.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.26. The firm had revenue of $454.30 million during the quarter, compared to analyst estimates of $445.98 million. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.J & J Snack Foods’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.98 earnings per share. As a group, equities research analysts anticipate that J & J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J & J Snack Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 16th will be issued a $0.80 dividend. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.78. This represents a $3.20 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 16th. J & J Snack Foods’s dividend payout ratio is presently 74.59%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, J & J Snack Foods has an average rating of “Moderate Buy” and a consensus price target of $142.50.

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.