J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 24.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 454 shares of the company’s stock after purchasing an additional 88 shares during the period. GAMMA Investing LLC’s holdings in J&J Snack Foods were worth $78,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in JJSF. Arizona State Retirement System increased its position in shares of J&J Snack Foods by 1.9% during the second quarter. Arizona State Retirement System now owns 4,341 shares of the company’s stock worth $705,000 after acquiring an additional 83 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of J&J Snack Foods by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the company’s stock valued at $1,266,000 after buying an additional 100 shares during the period. Bridge City Capital LLC grew its position in shares of J&J Snack Foods by 0.8% during the first quarter. Bridge City Capital LLC now owns 14,056 shares of the company’s stock worth $2,032,000 after buying an additional 110 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of J&J Snack Foods by 1.4% during the first quarter. Illinois Municipal Retirement Fund now owns 8,632 shares of the company’s stock worth $1,248,000 after buying an additional 121 shares during the period. Finally, Quadrature Capital Ltd raised its holdings in J&J Snack Foods by 11.3% in the fourth quarter. Quadrature Capital Ltd now owns 1,680 shares of the company’s stock valued at $281,000 after acquiring an additional 170 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Mary Lou Kehoe sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total transaction of $254,385.00. Following the transaction, the vice president now owns 742 shares in the company, valued at approximately $125,835.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.20% of the stock is owned by corporate insiders.

J&J Snack Foods Stock Up 0.3 %

Shares of NASDAQ:JJSF opened at $168.37 on Wednesday. The firm’s 50 day moving average price is $168.72 and its 200 day moving average price is $161.21. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 37.92 and a beta of 0.62. J&J Snack Foods Corp. has a fifty-two week low of $133.23 and a fifty-two week high of $176.38. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.01.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Monday, August 5th. The company reported $1.98 earnings per share 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 analyst estimates of $440.92 million. During the same period in the previous year, the business posted $1.92 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that J&J Snack Foods Corp. will post 5.21 earnings per share for the current fiscal 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 dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $3.12 dividend on an annualized basis and a yield of 1.85%. This is a boost from J&J Snack Foods’s previous quarterly dividend of $0.74. J&J Snack Foods’s dividend payout ratio (DPR) is presently 70.27%.

Wall Street Analyst Weigh In

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

J&J Snack Foods Company 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.