J & J Snack Foods Corp. $JJSF Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in J & J Snack Foods Corp. (NASDAQ:JJSF) by 163.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,685 shares of the company’s stock after purchasing an additional 10,972 shares during the period. GSA Capital Partners LLP owned about 0.09% of J & J Snack Foods worth $1,699,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in 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 purchasing an additional 316 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 worth $48,000 after purchasing an additional 302 shares during the period. AlphaQuest LLC acquired a new stake in shares of J & J Snack Foods during the second quarter valued at about $59,000. Assetmark Inc. raised its position in J & J Snack Foods by 19,000.0% in the third quarter. Assetmark Inc. now owns 955 shares of the company’s stock valued at $92,000 after purchasing an additional 950 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of J & J Snack Foods by 38.0% in the 3rd quarter. GAMMA Investing LLC now owns 966 shares of the company’s stock valued at $93,000 after buying an additional 266 shares during the period. 76.04% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at J & J Snack Foods

In other news, Director Kathleen E. Ciaramello acquired 540 shares of J & J Snack Foods stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average cost of $90.56 per share, for a total transaction of $48,902.40. Following the completion of the purchase, the director directly owned 1,013 shares of the company’s stock, valued at $91,737.28. This trade represents a 114.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 20.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

JJSF has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a research note on Monday, December 29th. Benchmark reissued a “buy” rating on shares of J & J Snack Foods in a report on Tuesday, January 20th. Finally, Zacks Research downgraded shares of J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $130.00.

J & J Snack Foods Stock Performance

J & J Snack Foods stock opened at $85.20 on Wednesday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 27.13 and a beta of 0.34. The firm has a 50 day moving average price of $91.24 and a 200 day moving average price of $95.75. J & J Snack Foods Corp. has a 1 year low of $80.00 and a 1 year high of $144.37.

J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $343.78 million during the quarter, compared to the consensus estimate of $365.95 million. J & J Snack Foods had a net margin of 3.92% and a return on equity of 8.79%. The company’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Sell-side analysts predict that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods declared that its board has initiated a stock buyback program on Tuesday, February 3rd that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

J & J Snack Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Tuesday, March 17th will be given a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.20 annualized dividend and a dividend yield of 3.8%. J & J Snack Foods’s payout ratio is presently 101.91%.

About J & J Snack Foods

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.