Ameriprise Financial Inc. raised its position in J & J Snack Foods Corp. (NASDAQ:JJSF) by 1.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 84,138 shares of the company’s stock after purchasing an additional 1,015 shares during the period. Ameriprise Financial Inc. owned 0.45% of J & J Snack Foods Corp. worth $11,113,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of J & J Snack Foods Corp. by 158.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,061 shares of the company’s stock worth $144,000 after purchasing an additional 651 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of J & J Snack Foods Corp. during the 1st quarter valued at $176,000. Riverhead Capital Management LLC lifted its position in shares of J & J Snack Foods Corp. by 36.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,500 shares of the company’s stock valued at $198,000 after acquiring an additional 400 shares during the period. Victory Capital Management Inc. lifted its position in shares of J & J Snack Foods Corp. by 4.6% during the 1st quarter. Victory Capital Management Inc. now owns 1,639 shares of the company’s stock valued at $222,000 after acquiring an additional 72 shares during the period. Finally, Benedict Financial Advisors Inc. lifted its position in shares of J & J Snack Foods Corp. by 0.5% during the 2nd quarter. Benedict Financial Advisors Inc. now owns 2,253 shares of the company’s stock valued at $308,000 after acquiring an additional 11 shares during the period. Hedge funds and other institutional investors own 67.52% of the company’s stock.
J & J Snack Foods Corp. (NASDAQ JJSF) opened at 131.43 on Wednesday. J & J Snack Foods Corp. has a 52-week low of $102.81 and a 52-week high of $143.21. The firm has a market cap of $2.46 billion, a P/E ratio of 32.78 and a beta of 0.75. The company’s 50 day moving average is $128.42 and its 200-day moving average is $131.36.
J & J Snack Foods Corp. (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, July 24th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.15). J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The business had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $297.83 million. During the same period in the previous year, the business earned $1.43 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. On average, equities analysts predict that J & J Snack Foods Corp. will post $4.19 EPS for the current fiscal year.
J & J Snack Foods Corp. announced that its Board of Directors has approved a share repurchase program on Friday, August 4th that allows the company to repurchase 500,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Thursday, September 14th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, September 13th. J & J Snack Foods Corp.’s payout ratio is 41.90%.
A number of research analysts recently issued reports on JJSF shares. Zacks Investment Research upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th.
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About J & J Snack Foods Corp.
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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