Teton Advisors Inc. acquired a new position in J & J Snack Foods Corp (NASDAQ:JJSF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,500 shares of the company’s stock, valued at approximately $228,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Parametrica Management Ltd bought a new stake in J & J Snack Foods in the 4th quarter worth approximately $334,000. Algert Global LLC lifted its position in J & J Snack Foods by 341.2% in the fourth quarter. Algert Global LLC now owns 8,763 shares of the company’s stock valued at $1,330,000 after purchasing an additional 6,777 shares during the last quarter. K.J. Harrison & Partners Inc bought a new stake in J & J Snack Foods in the fourth quarter valued at approximately $304,000. Fisher Asset Management LLC lifted its position in J & J Snack Foods by 1.1% in the fourth quarter. Fisher Asset Management LLC now owns 43,991 shares of the company’s stock valued at $6,679,000 after purchasing an additional 477 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in J & J Snack Foods by 9.2% in the fourth quarter. Acadian Asset Management LLC now owns 138,848 shares of the company’s stock valued at $21,080,000 after purchasing an additional 11,695 shares during the last quarter. 68.26% of the stock is owned by institutional investors.
Shares of J & J Snack Foods Corp (JJSF) traded up $0.35 during trading hours on Tuesday, hitting $134.24. The stock had a trading volume of 71,800 shares, compared to its average volume of 84,236. The company has a market capitalization of $2,500.86, a P/E ratio of 24.77 and a beta of 0.65. J & J Snack Foods Corp has a 1 year low of $121.20 and a 1 year high of $157.33.
J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, January 29th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). J & J Snack Foods had a net margin of 9.07% and a return on equity of 11.79%. The business had revenue of $265.20 million for the quarter, compared to the consensus estimate of $253.95 million. During the same period in the previous year, the company earned $0.72 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. equities analysts expect that J & J Snack Foods Corp will post 4.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Thursday, March 15th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.34%. J & J Snack Foods’s payout ratio is 33.21%.
JJSF has been the topic of several research analyst reports. CL King initiated coverage on J & J Snack Foods in a research note on Tuesday, December 19th. They set a “buy” rating on the stock. BidaskClub cut J & J Snack Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Zacks Investment Research raised J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Jefferies Group set a $130.00 target price on J & J Snack Foods and gave the stock a “hold” rating in a research note on Thursday, November 16th.
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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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