Allianz Asset Management GmbH boosted its holdings in J & J Snack Foods Corp (NASDAQ:JJSF) by 568.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,845 shares of the company’s stock after buying an additional 13,475 shares during the quarter. Allianz Asset Management GmbH owned 0.08% of J & J Snack Foods worth $2,081,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Voya Investment Management LLC grew its stake in shares of J & J Snack Foods by 6.7% during the 2nd quarter. Voya Investment Management LLC now owns 7,640 shares of the company’s stock valued at $1,009,000 after acquiring an additional 479 shares during the period. Aberdeen Asset Management PLC UK boosted its stake 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 worth $36,244,000 after purchasing an additional 48,273 shares during the period. Vanguard Group Inc. boosted its stake in J & J Snack Foods by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,526,892 shares of the company’s stock worth $201,656,000 after purchasing an additional 22,527 shares during the period. Legato Capital Management LLC boosted its stake in J & J Snack Foods by 73.0% in the 3rd quarter. Legato Capital Management LLC now owns 5,711 shares of the company’s stock worth $750,000 after purchasing an additional 2,409 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its stake in J & J Snack Foods by 59.3% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 12,900 shares of the company’s stock worth $1,704,000 after purchasing an additional 4,800 shares during the period. 68.67% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently issued reports on JJSF shares. BidaskClub cut J & J Snack Foods from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Jefferies Group set a $130.00 price target on J & J Snack Foods and gave the company a “hold” rating in a report on Thursday, November 16th. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, CL King assumed coverage on J & J Snack Foods in a report on Tuesday, December 19th. They set a “buy” rating on the stock.
Shares of J & J Snack Foods Corp (NASDAQ JJSF) traded up $0.16 during trading on Tuesday, reaching $146.66. The company’s stock had a trading volume of 97,547 shares, compared to its average volume of 83,620. The company has a market cap of $2,734.75, a P/E ratio of 34.92 and a beta of 0.81. J & J Snack Foods Corp has a 12 month low of $121.20 and a 12 month high of $157.33.
J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results 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 return on equity of 11.91% and a net margin of 7.30%. The business had revenue of $316.73 million for the quarter, compared to the consensus estimate of $287.91 million. During the same quarter in the prior year, the company earned $1.10 EPS. The business’s revenue was up 20.8% compared to the same quarter last year. equities analysts forecast that J & J Snack Foods Corp will post 4.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Wednesday, December 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.42. J & J Snack Foods’s dividend payout ratio (DPR) is presently 42.86%.
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J & J Snack Foods 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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