J&J Snack Foods Corp. (NASDAQ:JJSF) Stake Cut by Inspire Investing LLC

Inspire Investing LLC trimmed its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 65.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,381 shares of the company’s stock after selling 4,572 shares during the period. Inspire Investing LLC’s holdings in J&J Snack Foods were worth $410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. RK Asset Management LLC raised its stake in J&J Snack Foods by 2.3% during the third quarter. RK Asset Management LLC now owns 34,046 shares of the company’s stock worth $5,860,000 after acquiring an additional 777 shares during the period. Diversified Trust Co raised its position in shares of J&J Snack Foods by 10.4% during the 3rd quarter. Diversified Trust Co now owns 5,061 shares of the company’s stock worth $871,000 after purchasing an additional 475 shares during the period. GAMMA Investing LLC raised its position in shares of J&J Snack Foods by 24.0% during the 3rd quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $78,000 after purchasing an additional 88 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of J&J Snack Foods by 32.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 5,279 shares of the company’s stock worth $909,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in J&J Snack Foods during the 2nd quarter valued at approximately $76,000. 76.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

J&J Snack Foods Trading Up 0.0 %

J&J Snack Foods stock opened at $168.58 on Friday. The firm has a 50-day moving average price of $168.77 and a two-hundred day moving average price of $161.50. J&J Snack Foods Corp. has a 52-week low of $133.23 and a 52-week high of $176.38. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 37.97 and a beta of 0.62. 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 issued its quarterly earnings data on Monday, August 5th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the firm posted $1.92 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts expect 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. Investors of record on Tuesday, September 17th were paid a dividend of $0.78 per share. This is a boost from J&J Snack Foods’s previous quarterly dividend of $0.74. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Tuesday, September 17th. J&J Snack Foods’s payout ratio is currently 70.27%.

Insider Buying and Selling

In other J&J Snack Foods news, Director Gerald B. Shreiber sold 20,000 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is available through the SEC website. In other news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction on 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 legal filing with the SEC, which can be accessed through the SEC website. Also, VP Mary Lou Kehoe sold 1,500 shares of the business’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 completion of the sale, the vice president now directly owns 742 shares in the company, valued at $125,835.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 22.20% of the company’s stock.

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.