Acadian Asset Management LLC raised its stake in J & J Snack Foods Corp. (NASDAQ:JJSF) by 3.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,659 shares of the company’s stock after buying an additional 5,876 shares during the period. Acadian Asset Management LLC owned about 0.85% of J & J Snack Foods Corp. worth $21,085,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of J & J Snack Foods Corp. by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 440,420 shares of the company’s stock valued at $59,703,000 after buying an additional 1,274 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in J & J Snack Foods Corp. by 158.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,061 shares of the company’s stock valued at $144,000 after buying an additional 651 shares in the last quarter. Alliancebernstein L.P. boosted its stake in J & J Snack Foods Corp. by 58.7% in the first quarter. Alliancebernstein L.P. now owns 36,114 shares of the company’s stock valued at $4,896,000 after buying an additional 13,352 shares in the last quarter. Bank of Montreal Can boosted its stake in J & J Snack Foods Corp. by 8.5% in the first quarter. Bank of Montreal Can now owns 1,319 shares of the company’s stock valued at $179,000 after buying an additional 103 shares in the last quarter. Finally, Guggenheim Capital LLC bought a new stake in J & J Snack Foods Corp. during the fourth quarter valued at approximately $1,918,000. Institutional investors own 67.97% of the company’s stock.
J & J Snack Foods Corp. (NASDAQ:JJSF) traded up 0.82% during trading on Wednesday, hitting $128.60. 109,784 shares of the stock were exchanged. J & J Snack Foods Corp. has a 1-year low of $102.81 and a 1-year high of $143.21. The firm’s 50 day moving average price is $131.66 and its 200-day moving average price is $132.47. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 32.07 and a beta of 0.72.
J & J Snack Foods Corp. (NASDAQ:JJSF) last issued its earnings results on Monday, July 24th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.49 by $0.15. The company had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $297.83 million. J & J Snack Foods Corp. had a net margin of 7.33% and a return on equity of 11.55%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.43 earnings per share. On average, analysts anticipate that J & J Snack Foods Corp. will post $4.19 EPS for the current year.
J & J Snack Foods Corp. announced that its board has authorized a stock repurchase program on Friday, August 4th that allows the company to repurchase 500,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Thursday, September 14th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.31%. The ex-dividend date is Wednesday, September 13th. J & J Snack Foods Corp.’s dividend payout ratio (DPR) is currently 41.90%.
COPYRIGHT VIOLATION NOTICE: This article was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://stocknewstimes.com/2017/08/09/acadian-asset-management-llc-boosts-stake-in-j-j-snack-foods-corp-nasdaqjjsf-updated.html.
A number of analysts have issued reports on the stock. BidaskClub upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research cut shares of J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 26th.
In other J & J Snack Foods Corp. news, insider Robert Joseph Pape sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $131.29, for a total value of $393,870.00. Following the completion of the sale, the insider now owns 15,221 shares in the company, valued at approximately $1,998,365.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 21.00% of the company’s stock.
About J & J Snack Foods Corp.
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
Receive News & Ratings for J & J Snack Foods Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J & J Snack Foods Corp. and related companies with MarketBeat.com's FREE daily email newsletter.
