Suffolk Capital Management LLC lessened its stake in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 45.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,726 shares of the company’s stock after selling 4,779 shares during the quarter. Suffolk Capital Management LLC’s holdings in J & J Snack Foods were worth $869,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Arizona State Retirement System increased its position in J & J Snack Foods by 221.6% during the 4th quarter. Arizona State Retirement System now owns 25,094 shares of the company’s stock worth $3,810,000 after purchasing an additional 17,290 shares in the last quarter. Pinebridge Investments L.P. increased its position in J & J Snack Foods by 163.0% during the 4th quarter. Pinebridge Investments L.P. now owns 4,894 shares of the company’s stock worth $743,000 after purchasing an additional 3,033 shares in the last quarter. Wells Fargo & Company MN increased its position in J & J Snack Foods by 14.9% during the 4th quarter. Wells Fargo & Company MN now owns 41,856 shares of the company’s stock worth $6,355,000 after purchasing an additional 5,413 shares in the last quarter. Granite Point Capital Management L.P. purchased a new stake in J & J Snack Foods during the 4th quarter worth about $911,000. Finally, Sei Investments Co. increased its position in J & J Snack Foods by 3.8% during the 4th quarter. Sei Investments Co. now owns 28,415 shares of the company’s stock worth $4,315,000 after purchasing an additional 1,035 shares in the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.
Shares of J & J Snack Foods Corp (NASDAQ JJSF) opened at $139.10 on Friday. The company has a market capitalization of $2,592.20, a PE ratio of 32.58 and a beta of 0.65. J & J Snack Foods Corp has a fifty-two week low of $121.20 and a fifty-two week high of $157.33.
J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, January 29th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). The business had revenue of $265.20 million during the quarter, compared to analysts’ expectations of $253.95 million. J & J Snack Foods had a net margin of 9.07% and a return on equity of 11.79%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 EPS. analysts forecast that J & J Snack Foods Corp will post 4.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Thursday, March 15th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.29%. The ex-dividend date is Wednesday, March 14th. J & J Snack Foods’s dividend payout ratio (DPR) is 33.21%.
JJSF has been the subject of a number of recent research reports. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Jefferies Group set a $125.00 price objective on J & J Snack Foods and gave the stock a “hold” rating in a research report on Sunday, October 29th. BidaskClub upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Finally, CL King initiated coverage on J & J Snack Foods in a research report on Tuesday, December 19th. They set a “buy” rating for the company.
In other J & J Snack Foods news, insider Robert M. Radano sold 5,250 shares of J & J Snack Foods stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $139.34, for a total value of $731,535.00. Following the completion of the sale, the insider now owns 99,872 shares in the company, valued at approximately $13,916,164.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 21.00% of the stock is owned by insiders.
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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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