Macquarie Group Ltd. boosted its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 9.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 714,802 shares of the company’s stock after acquiring an additional 58,865 shares during the period. Macquarie Group Ltd. owned 3.81% of J & J Snack Foods worth $93,854,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of JJSF. Janus Henderson Group PLC lifted its holdings in shares of 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 worth $58,690,000 after acquiring an additional 250,275 shares during the last quarter. Aberdeen Asset Management PLC UK lifted its holdings in J & J Snack Foods by 21.3% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 274,425 shares of the company’s stock valued at $36,244,000 after buying an additional 48,273 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in J & J Snack Foods by 8.4% during the 2nd quarter. Renaissance Technologies LLC now owns 381,800 shares of the company’s stock valued at $50,424,000 after buying an additional 29,700 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in J & J Snack Foods during the 3rd quarter valued at about $3,475,000. Finally, State Street Corp lifted its holdings in J & J Snack Foods by 7.1% during the 1st quarter. State Street Corp now owns 365,416 shares of the company’s stock valued at $49,534,000 after buying an additional 24,070 shares in the last quarter. 70.21% of the stock is owned by institutional investors.
JJSF has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of 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 objective on shares of J & J Snack Foods and gave the company a “hold” rating in a report on Sunday, October 29th.
J & J Snack Foods Corp. (NASDAQ:JJSF) traded up $1.16 during midday trading on Monday, reaching $151.23. 40,489 shares of the company’s stock were exchanged, compared to its average volume of 63,291. J & J Snack Foods Corp. has a 1-year low of $120.97 and a 1-year high of $154.02. The stock has a market cap of $2,800.91, a P/E ratio of 35.73 and a beta of 0.81.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Thursday, November 9th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. J & J Snack Foods had a net margin of 7.30% and a return on equity of 11.91%. The firm had revenue of $316.73 million for the quarter, compared to the consensus estimate of $287.91 million. During the same quarter in the previous year, the firm earned $1.10 EPS. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. analysts expect that J & J Snack Foods Corp. will post 4.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, December 12th. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.42. J & J Snack Foods’s payout ratio is currently 40.00%.
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About J & J Snack Foods
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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