Atria Investments Inc Acquires New Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Atria Investments Inc acquired a new stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,629 shares of the company’s stock, valued at approximately $280,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in 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. Blue Trust Inc. grew its stake in shares of J&J Snack Foods by 39,000.0% during the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after buying an additional 390 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of J&J Snack Foods during the second quarter worth $76,000. Canada Pension Plan Investment Board bought a new position in shares of J&J Snack Foods in the 2nd quarter valued at $114,000. Finally, nVerses Capital LLC bought a new position in shares of J&J Snack Foods in the 3rd quarter valued at $120,000. 76.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other J&J Snack Foods news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 22.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a report on Friday, November 15th.

J&J Snack Foods Trading Up 2.1 %

Shares of JJSF opened at $171.16 on Friday. The company has a market capitalization of $3.32 billion, a PE ratio of 38.46 and a beta of 0.63. The stock’s 50-day moving average price is $168.58 and its two-hundred day moving average price is $166.69. J&J Snack Foods Corp. has a 12 month low of $133.23 and a 12 month high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.25). The firm had revenue of $426.76 million for the quarter, compared to the consensus estimate of $428.33 million. J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. The business’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.73 EPS. Equities research analysts predict that J&J Snack Foods Corp. will post 5.69 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Tuesday, December 17th. J&J Snack Foods’s payout ratio is presently 70.11%.

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.