Signaturefd LLC Buys 779 Shares of J & J Snack Foods Corp. $JJSF

Signaturefd LLC grew its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 519.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 929 shares of the company’s stock after acquiring an additional 779 shares during the quarter. Signaturefd LLC’s holdings in J & J Snack Foods were worth $105,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in J & J Snack Foods by 1.3% in the first quarter. Vanguard Group Inc. now owns 1,673,976 shares of the company’s stock valued at $220,496,000 after purchasing an additional 20,803 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of J & J Snack Foods by 1.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,629,344 shares of the company’s stock valued at $216,035,000 after buying an additional 24,139 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of J & J Snack Foods by 21.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 610,477 shares of the company’s stock valued at $80,412,000 after buying an additional 106,459 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of J & J Snack Foods by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 188,327 shares of the company’s stock worth $24,806,000 after acquiring an additional 2,658 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of J & J Snack Foods by 1.0% during the 1st quarter. Bank of New York Mellon Corp now owns 162,460 shares of the company’s stock worth $21,399,000 after acquiring an additional 1,565 shares in the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

J & J Snack Foods Stock Performance

Shares of NASDAQ:JJSF opened at $96.80 on Friday. J & J Snack Foods Corp. has a 52-week low of $94.13 and a 52-week high of $180.80. The business’s 50 day simple moving average is $107.79 and its two-hundred day simple moving average is $116.68. 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 (NASDAQ:JJSF) last issued its earnings results on Tuesday, August 5th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.26. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The company had revenue of $454.30 million for the quarter, compared to analyst estimates of $445.98 million. During the same period in the prior year, the firm earned $1.98 earnings per share. J & J Snack Foods’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts forecast that J & J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J & J Snack Foods Increases Dividend

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

Analyst Upgrades and Downgrades

JJSF has been the subject of several research analyst reports. Wall Street Zen upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of J & J Snack Foods in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.