Rhumbline Advisers increased its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,525 shares of the company’s stock after purchasing an additional 1,493 shares during the period. Rhumbline Advisers owned 0.20% of J & J Snack Foods worth $4,927,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in J & J Snack Foods by 128.9% in the 2nd quarter. Janus Henderson Group PLC now owns 444,376 shares of the company’s stock valued at $58,690,000 after acquiring an additional 250,275 shares during the last quarter. Macquarie Group Ltd. raised its holdings in J & J Snack Foods by 11.3% in the 2nd quarter. Macquarie Group Ltd. now owns 655,937 shares of the company’s stock valued at $86,630,000 after acquiring an additional 66,474 shares during the last quarter. Aberdeen Asset Management PLC UK raised its holdings in J & J Snack Foods by 21.3% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 274,425 shares of the company’s stock valued at $36,244,000 after acquiring an additional 48,273 shares during the last quarter. Renaissance Technologies LLC raised its holdings in J & J Snack Foods by 8.4% in the 2nd quarter. Renaissance Technologies LLC now owns 381,800 shares of the company’s stock valued at $50,424,000 after acquiring an additional 29,700 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in J & J Snack Foods in the 3rd quarter valued at $3,475,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.
JJSF has been the subject of several analyst reports. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Jefferies Group set a $125.00 price target on J & J Snack Foods and gave the company a “hold” rating in a report on Sunday, October 29th.
J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Thursday, November 9th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. The business had revenue of $316.73 million during the quarter, compared to the consensus estimate of $287.91 million. J & J Snack Foods had a return on equity of 11.91% and a net margin of 7.30%. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. research analysts expect that J & J Snack Foods Corp. will post 4.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, December 12th. J & J Snack Foods’s dividend payout ratio is presently 40.00%.
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J & J Snack Foods Company 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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