Elkfork Partners LLC bought a new position in J & J Snack Foods Corp (NASDAQ:JJSF) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,376 shares of the company’s stock, valued at approximately $361,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Shelton Capital Management acquired a new stake in shares of J & J Snack Foods in the 4th quarter worth about $204,000. CIBC Asset Management Inc acquired a new stake in shares of J & J Snack Foods in the 4th quarter worth about $207,000. Bruderman Asset Management LLC acquired a new stake in shares of J & J Snack Foods in the 4th quarter worth about $216,000. Teton Advisors Inc. acquired a new stake in shares of J & J Snack Foods in the 4th quarter worth about $228,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of J & J Snack Foods in the 4th quarter worth about $235,000. Institutional investors own 68.89% of the company’s stock.
In other J & J Snack Foods news, insider Robert M. Radano sold 5,250 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $139.34, for a total value of $731,535.00. Following the completion of the sale, the insider now directly owns 99,872 shares of the company’s stock, valued at approximately $13,916,164.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 21.00% of the company’s stock.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, January 29th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.02). J & J Snack Foods had a return on equity of 11.79% and a net margin of 9.07%. The firm had revenue of $265.20 million during the quarter, compared to the consensus estimate of $253.95 million. During the same period in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. equities analysts predict that J & J Snack Foods Corp will post 4.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Thursday, March 15th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Wednesday, March 14th. J & J Snack Foods’s payout ratio is 33.21%.
A number of research firms recently weighed in on JJSF. BidaskClub lowered shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Zacks Investment Research upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Jefferies Group restated a “hold” rating and issued a $135.00 target price on shares of J & J Snack Foods in a report on Tuesday, January 30th. Finally, CL King began coverage on shares of J & J Snack Foods in a report on Tuesday, December 19th. They issued a “buy” rating on the stock.
About J & J Snack Foods
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.
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