J & J Snack Foods Corp. (JJSF) Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its stake in J & J Snack Foods Corp. (NASDAQ:JJSF) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 480,929 shares of the company’s stock after acquiring an additional 12,394 shares during the quarter. Westwood Holdings Group Inc. owned about 2.57% of J & J Snack Foods Corp. worth $63,463,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new position in J & J Snack Foods Corp. in the 2nd quarter valued at about $130,000. Tower Research Capital LLC TRC raised its holdings in 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 valued at $144,000 after acquiring an additional 651 shares during the period. Ameritas Investment Partners Inc. bought a new position in J & J Snack Foods Corp. in the 1st quarter valued at about $176,000. Riverhead Capital Management LLC raised its holdings in J & J Snack Foods Corp. by 36.4% in 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. Finally, Victory Capital Management Inc. raised its holdings in J & J Snack Foods Corp. by 4.6% in 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. 67.52% of the stock is currently owned by hedge funds and other institutional investors.

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JJSF has been the topic of several research analyst reports. Zacks Investment Research raised shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub raised shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 24th.

J & J Snack Foods Corp. (JJSF) traded up 0.12% on Wednesday, reaching $131.59. 10,465 shares of the company’s stock traded hands. J & J Snack Foods Corp. has a 52-week low of $102.81 and a 52-week high of $143.21. The company’s 50 day moving average is $128.42 and its 200-day moving average is $131.36. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 32.65 and a beta of 0.75.

J & J Snack Foods Corp. (NASDAQ:JJSF) last released its earnings results on Monday, July 24th. The company reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.15). The company had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $297.83 million. J & J Snack Foods Corp. had a net margin of 7.33% and a return on equity of 11.55%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Equities analysts expect that J & J Snack Foods Corp. will post $4.19 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders 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 was Wednesday, September 13th. J & J Snack Foods Corp.’s payout ratio is 41.90%.

J & J Snack Foods Corp. declared that its board has authorized a share buyback plan on Friday, August 4th that authorizes the company to repurchase 500,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

J & J Snack Foods Corp. Profile

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.

Institutional Ownership by Quarter for J & J Snack Foods Corp. (NASDAQ:JJSF)

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