Inspire Investing LLC Has $1.13 Million Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Inspire Investing LLC boosted its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 180.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,953 shares of the company’s stock after buying an additional 4,471 shares during the quarter. Inspire Investing LLC’s holdings in J&J Snack Foods were worth $1,129,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of J&J Snack Foods by 4.6% during the first quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock valued at $236,544,000 after purchasing an additional 71,378 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of J&J Snack Foods by 6.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,562,491 shares of the company’s stock valued at $253,702,000 after purchasing an additional 89,160 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of J&J Snack Foods by 22.4% during the first quarter. Westwood Holdings Group Inc. now owns 542,945 shares of the company’s stock valued at $78,488,000 after purchasing an additional 99,264 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of J&J Snack Foods by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock valued at $74,400,000 after purchasing an additional 18,932 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of J&J Snack Foods by 16.7% during the second quarter. Bank of New York Mellon Corp now owns 223,242 shares of the company’s stock valued at $36,248,000 after purchasing an additional 31,897 shares in the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a research note on Tuesday, August 6th.

J&J Snack Foods Price Performance

Shares of JJSF opened at $169.46 on Friday. J&J Snack Foods Corp. has a 1 year low of $133.23 and a 1 year high of $176.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.27 and a quick ratio of 1.39. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 38.17 and a beta of 0.62. The business has a 50-day moving average of $167.86 and a 200-day moving average of $157.64.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). J&J Snack Foods had a return on equity of 10.70% and a net margin of 5.49%. The company had revenue of $439.96 million for the quarter, compared to the consensus estimate of $440.92 million. During the same quarter last year, the business earned $1.92 earnings per share. J&J Snack Foods’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that J&J Snack Foods Corp. will post 5.21 earnings per share for the current year.

J&J Snack Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.84%. This is an increase from J&J Snack Foods’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Tuesday, September 17th. J&J Snack Foods’s dividend payout ratio (DPR) is 70.27%.

Insider Transactions at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction dated Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other J&J Snack Foods news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction that occurred on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mary Lou Kehoe sold 1,500 shares of J&J Snack Foods stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total value of $254,385.00. Following the completion of the sale, the vice president now owns 742 shares of the company’s stock, valued at $125,835.78. The disclosure for this sale can be found here. 22.20% of the stock is owned by corporate insiders.

J&J Snack Foods Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.