Bessemer Group Inc. Has $6.03 Million Position in J & J Snack Foods Corp. $JJSF

Bessemer Group Inc. boosted its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 35.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,037 shares of the company’s stock after purchasing an additional 19,908 shares during the period. Bessemer Group Inc. owned about 0.40% of J & J Snack Foods worth $6,027,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in shares of J & J Snack Foods during the 1st quarter valued at $228,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of J & J Snack Foods by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,079 shares of the company’s stock worth $1,196,000 after acquiring an additional 397 shares during the last quarter. Millennium Management LLC increased its stake in shares of J & J Snack Foods by 122.1% in the first quarter. Millennium Management LLC now owns 72,625 shares of the company’s stock worth $9,566,000 after acquiring an additional 39,933 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of J & J Snack Foods by 49.6% during the first quarter. NewEdge Advisors LLC now owns 3,376 shares of the company’s stock worth $445,000 after acquiring an additional 1,120 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of J & J Snack Foods by 465.8% during the first quarter. Jane Street Group LLC now owns 25,746 shares of the company’s stock worth $3,391,000 after acquiring an additional 21,196 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JJSF. Benchmark reduced their price objective on J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Zacks Research lowered J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J & J Snack Foods in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $120.00.

J & J Snack Foods Price Performance

JJSF stock opened at $76.68 on Monday. The firm has a 50 day moving average of $75.08 and a two-hundred day moving average of $81.74. J & J Snack Foods Corp. has a 12 month low of $68.87 and a 12 month high of $129.24. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 25.73 and a beta of 0.38.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. J & J Snack Foods had a net margin of 3.75% and a return on equity of 9.01%. The business had revenue of $344.82 million for the quarter, compared to the consensus estimate of $349.67 million. During the same quarter last year, the firm earned $0.35 EPS. J & J Snack Foods’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, research analysts expect that J & J Snack Foods Corp. will post 4 EPS for the current fiscal year.

J & J Snack Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, June 16th. J & J Snack Foods’s dividend payout ratio is presently 107.38%.

J & J Snack Foods Company Profile

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.