Blue Trust Inc. Purchases 390 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Blue Trust Inc. lifted its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 39,000.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 391 shares of the company’s stock after purchasing an additional 390 shares during the period. Blue Trust Inc.’s holdings in J&J Snack Foods were worth $63,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JJSF. Diversified Trust Co boosted its holdings in shares of J&J Snack Foods by 30.2% in the first quarter. Diversified Trust Co now owns 3,125 shares of the company’s stock valued at $452,000 after buying an additional 725 shares during the period. BNP Paribas Financial Markets boosted its position in shares of J&J Snack Foods by 41.3% during the 1st quarter. BNP Paribas Financial Markets now owns 17,404 shares of the company’s stock worth $2,516,000 after acquiring an additional 5,089 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of J&J Snack Foods during the 1st quarter worth $29,000. DAVENPORT & Co LLC boosted its stake in shares of 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 purchasing an additional 23,196 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in shares of J&J Snack Foods by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 13,569 shares of the company’s stock worth $1,962,000 after buying an additional 238 shares during the last quarter. 76.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a research note on Tuesday.

J&J Snack Foods Trading Down 1.2 %

JJSF opened at $164.12 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.27 and a quick ratio of 1.39. 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’s 50 day moving average price is $167.88 and its two-hundred day moving average price is $163.21. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 36.47 and a beta of 0.62.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results 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). The firm had revenue of $439.96 million for the quarter, compared to the consensus estimate of $440.92 million. J&J Snack Foods had a return on equity of 10.70% and a net margin of 5.49%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.92 EPS. As a group, research analysts predict 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. Stockholders of record on Tuesday, September 17th were given a dividend of $0.78 per share. This is an increase from J&J Snack Foods’s previous quarterly dividend of $0.74. The ex-dividend date was Tuesday, September 17th. This represents a $3.12 annualized dividend and a dividend yield of 1.90%. J&J Snack Foods’s dividend payout ratio (DPR) is 69.33%.

Insider Buying and Selling at J&J Snack Foods

In related news, VP Mary Lou Kehoe sold 1,500 shares of the company’s stock in a transaction dated 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, 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 transaction of $3,359,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mary Lou Kehoe sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $169.59, for a total transaction of $254,385.00. Following the completion of the transaction, the vice president now owns 742 shares in the company, valued at approximately $125,835.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.