J & J Snack Foods Corp. $JJSF Position Increased by First Trust Advisors LP

First Trust Advisors LP lifted its position in J & J Snack Foods Corp. (NASDAQ:JJSF) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 337,433 shares of the company’s stock after acquiring an additional 11,045 shares during the period. First Trust Advisors LP owned about 1.73% of J & J Snack Foods worth $38,268,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of J & J Snack Foods by 902.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 351 shares of the company’s stock valued at $40,000 after acquiring an additional 316 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in J & J Snack Foods by 243.5% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the company’s stock valued at $48,000 after purchasing an additional 302 shares during the period. AlphaQuest LLC purchased a new stake in shares of J & J Snack Foods in the second quarter valued at $59,000. Parallel Advisors LLC lifted its holdings in shares of J & J Snack Foods by 198.9% in the second quarter. Parallel Advisors LLC now owns 529 shares of the company’s stock valued at $60,000 after purchasing an additional 352 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of J & J Snack Foods by 94.4% in the second quarter. GAMMA Investing LLC now owns 700 shares of the company’s stock worth $79,000 after buying an additional 340 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.

Insider Activity

In related news, Director Kathleen E. Ciaramello purchased 540 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was bought at an average price of $90.56 per share, for a total transaction of $48,902.40. Following the purchase, the director owned 1,013 shares in the company, valued at $91,737.28. The trade was a 114.16% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 21.80% of the company’s stock.

J & J Snack Foods Stock Down 0.8%

NASDAQ JJSF opened at $90.02 on Wednesday. The stock has a market capitalization of $1.74 billion, a PE ratio of 26.87 and a beta of 0.35. J & J Snack Foods Corp. has a 12-month low of $80.67 and a 12-month high of $172.33. The company has a 50 day moving average price of $90.24 and a two-hundred day moving average price of $104.26.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, November 17th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.34. J & J Snack Foods had a net margin of 4.14% and a return on equity of 8.73%. The business had revenue of $410.24 million for the quarter, compared to the consensus estimate of $424.08 million. During the same quarter last year, the firm earned $1.60 EPS. J & J Snack Foods’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities analysts anticipate that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, December 16th. J & J Snack Foods’s dividend payout ratio (DPR) is 95.52%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Monday. Zacks Research upgraded J & J Snack Foods from a “strong sell” rating to a “hold” rating in a report on Friday, October 24th. Finally, Benchmark reduced their price target on shares of J & J Snack Foods from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $132.50.

J & J Snack Foods Profile

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.