nVerses Capital LLC Invests $120,000 in J&J Snack Foods Corp. (NASDAQ:JJSF)

nVerses Capital LLC acquired a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 700 shares of the company’s stock, valued at approximately $120,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fidelis Capital Partners LLC bought a new stake in shares of J&J Snack Foods during the 1st quarter worth approximately $29,000. GAMMA Investing LLC raised its stake in shares of J&J Snack Foods by 603.8% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock worth $59,000 after purchasing an additional 314 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of J&J Snack Foods during the 2nd quarter worth approximately $76,000. Covestor Ltd raised its stake in J&J Snack Foods by 54,200.0% in the 1st quarter. Covestor Ltd now owns 543 shares of the company’s stock valued at $78,000 after acquiring an additional 542 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in J&J Snack Foods in the 2nd quarter valued at $114,000. Institutional investors own 76.04% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other J&J Snack Foods news, VP Mary Lou Kehoe sold 1,500 shares of the stock in a transaction 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 $125,835.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Gerald B. Shreiber sold 20,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mary Lou Kehoe sold 1,500 shares of the 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 directly 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. Company insiders own 22.20% of the company’s stock.

J&J Snack Foods Stock Up 0.0 %

JJSF opened at $168.58 on Monday. J&J Snack Foods Corp. has a 1-year low of $133.23 and a 1-year high of $176.38. The stock’s fifty day simple moving average is $168.77 and its 200 day simple moving average is $161.65. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.27 billion, a PE ratio of 37.97 and a beta of 0.62.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results 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). The business had revenue of $439.96 million during the quarter, compared to the consensus estimate of $440.92 million. J&J Snack Foods had a net margin of 5.49% and a return on equity of 10.70%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.92 EPS. As a group, research 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Tuesday, September 17th were given 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 of this dividend was Tuesday, September 17th. This represents a $3.12 annualized dividend and a yield of 1.85%. J&J Snack Foods’s dividend payout ratio (DPR) 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.