Blair William & Co. IL Purchases 190 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Blair William & Co. IL grew its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,103 shares of the company’s stock after purchasing an additional 190 shares during the quarter. Blair William & Co. IL’s holdings in J&J Snack Foods were worth $1,316,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of J&J Snack Foods in the 4th quarter worth approximately $27,404,000. Sei Investments Co. lifted its stake in J&J Snack Foods by 19.4% in the first quarter. Sei Investments Co. now owns 82,401 shares of the company’s stock worth $11,912,000 after purchasing an additional 13,382 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of J&J Snack Foods during the first quarter valued at about $3,197,000. DAVENPORT & Co LLC increased its holdings in shares of J&J Snack Foods by 11.9% in the first quarter. DAVENPORT & Co LLC now owns 217,553 shares of the company’s stock worth $31,228,000 after buying an additional 23,196 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of J&J Snack Foods by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after buying an additional 71,378 shares during the period. 76.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

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

J&J Snack Foods Trading Up 0.6 %

NASDAQ:JJSF opened at $169.16 on Tuesday. The company has a 50-day moving average price of $168.12 and a 200-day moving average price of $158.28. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 38.10 and a beta of 0.62. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01. J&J Snack Foods Corp. has a 12 month low of $133.23 and a 12 month high of $176.38.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.01). J&J Snack Foods had a net margin of 5.49% and a return on equity of 10.70%. The firm had revenue of $439.96 million for the quarter, compared to the consensus estimate of $440.92 million. During the same period in the previous year, the firm posted $1.92 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that J&J Snack Foods Corp. will post 5.21 EPS 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. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.78 per share. This is a boost from J&J Snack Foods’s previous quarterly dividend of $0.74. The ex-dividend date is Tuesday, September 17th. This represents a $3.12 dividend on an annualized basis and a yield of 1.84%. J&J Snack Foods’s payout ratio is presently 70.27%.

About J&J Snack Foods

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.