Algert Global LLC Acquires Shares of 1,562 J&J Snack Foods Corp. (NASDAQ:JJSF)

Algert Global LLC bought a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,562 shares of the company’s stock, valued at approximately $254,000.

A number of other large investors have also added to or reduced their stakes in JJSF. Sei Investments Co. increased its holdings in shares of J&J Snack Foods by 19.4% in the first quarter. Sei Investments Co. now owns 82,401 shares of the company’s stock valued at $11,912,000 after purchasing an additional 13,382 shares during the last quarter. Edgestream Partners L.P. acquired a new position in J&J Snack Foods in the 1st quarter valued at about $3,197,000. DAVENPORT & Co LLC raised its holdings in J&J Snack Foods by 11.9% in the 1st quarter. DAVENPORT & Co LLC now owns 217,553 shares of the company’s stock valued at $31,228,000 after acquiring an additional 23,196 shares during the period. Vanguard Group Inc. lifted its position in 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 worth $236,544,000 after acquiring an additional 71,378 shares during the last quarter. Finally, Confluence Investment Management LLC bought a new stake in shares of J&J Snack Foods during the first quarter worth approximately $8,909,000. Institutional investors own 76.04% of the company’s stock.

Insider Activity

In related news, Director Gerald B. Shreiber sold 20,000 shares of the business’s stock in a transaction dated Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other J&J Snack Foods news, VP Mary Lou Kehoe sold 1,500 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 742 shares of the company’s stock, valued at approximately $125,835.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction on Saturday, August 31st. The shares were 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.

J&J Snack Foods Trading Down 0.5 %

JJSF stock opened at $166.76 on Thursday. J&J Snack Foods Corp. has a 52 week low of $133.23 and a 52 week high of $176.38. The company has a market capitalization of $3.23 billion, a PE ratio of 37.56 and a beta of 0.62. The company’s 50-day simple moving average is $168.59 and its 200 day simple moving average is $160.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.39 and a current ratio of 2.27.

J&J Snack Foods (NASDAQ:JJSF) last announced its earnings results 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 business had revenue of $439.96 million for the quarter, compared to analyst estimates of $440.92 million. During the same quarter in the previous year, the company earned $1.92 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side 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 was paid on Tuesday, October 8th. Shareholders of record on Tuesday, September 17th were issued a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This is a boost from J&J Snack Foods’s previous quarterly dividend of $0.74. This represents a $3.12 annualized dividend and a yield of 1.87%. J&J Snack Foods’s payout ratio is currently 70.27%.

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 report on Tuesday, August 6th.

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.