Fisher Asset Management LLC cut its holdings in J & J Snack Foods Corp. (NASDAQ:JJSF) by 5.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,514 shares of the company’s stock after selling 2,745 shares during the quarter. Fisher Asset Management LLC owned approximately 0.23% of J & J Snack Foods Corp. worth $5,713,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new stake in J & J Snack Foods Corp. in the second quarter valued at about $130,000. Riverhead Capital Management LLC boosted its stake in J & J Snack Foods Corp. by 36.4% in the second quarter. Riverhead Capital Management LLC now owns 1,500 shares of the company’s stock valued at $198,000 after buying an additional 400 shares in the last quarter. Victory Capital Management Inc. boosted its stake in J & J Snack Foods Corp. by 4.6% in the first quarter. Victory Capital Management Inc. now owns 1,639 shares of the company’s stock valued at $222,000 after buying an additional 72 shares in the last quarter. Quantbot Technologies LP boosted its stake in J & J Snack Foods Corp. by 2,268.4% in the second quarter. Quantbot Technologies LP now owns 1,800 shares of the company’s stock valued at $237,000 after buying an additional 1,724 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in J & J Snack Foods Corp. by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 1,973 shares of the company’s stock valued at $260,000 after buying an additional 21 shares in the last quarter. 67.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of J & J Snack Foods Corp. (NASDAQ:JJSF) opened at 133.51 on Friday. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 33.29 and a beta of 0.75. The stock’s 50 day moving average price is $130.07 and its 200-day moving average price is $131.11. J & J Snack Foods Corp. has a 52 week low of $102.81 and a 52 week high of $143.21.
J & J Snack Foods Corp. declared that its board has initiated a share repurchase program on Friday, August 4th that permits the company to repurchase 500,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.
The firm 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. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $1.68 dividend on an annualized basis and a yield of 1.26%. J & J Snack Foods Corp.’s dividend payout ratio is currently 41.90%.
Several analysts recently weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $125.00 price objective on shares of J & J Snack Foods Corp. in a research note on Sunday. BidaskClub raised J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research lowered J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 26th.
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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.
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