Bruderman Asset Management LLC trimmed its position in J & J Snack Foods Corp (NASDAQ:JJSF) by 29.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,088 shares of the company’s stock after selling 450 shares during the period. Bruderman Asset Management LLC’s holdings in J & J Snack Foods were worth $166,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. CIBC Asset Management Inc bought a new position in J & J Snack Foods in the 2nd quarter valued at $206,000. Advisor Partners LLC bought a new position in J & J Snack Foods in the 2nd quarter valued at $217,000. Dynamic Technology Lab Private Ltd bought a new position in J & J Snack Foods in the 2nd quarter valued at $220,000. Whittier Trust Co. of Nevada Inc. boosted its position in J & J Snack Foods by 40.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,651 shares of the company’s stock valued at $252,000 after buying an additional 472 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new position in J & J Snack Foods in the 1st quarter valued at $236,000. Hedge funds and other institutional investors own 69.72% of the company’s stock.
In other news, SVP Dennis G. Moore sold 5,250 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $145.14, for a total value of $761,985.00. Following the transaction, the senior vice president now directly owns 80,877 shares in the company, valued at approximately $11,738,487.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.00% of the stock is owned by company insiders.
NASDAQ:JJSF opened at $150.05 on Monday. J & J Snack Foods Corp has a 12-month low of $125.38 and a 12-month high of $159.05. The firm has a market capitalization of $2.80 billion, a PE ratio of 34.76, a P/E/G ratio of 3.27 and a beta of 0.55.
J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.12). J & J Snack Foods had a return on equity of 11.36% and a net margin of 9.06%. The company had revenue of $306.20 million during the quarter, compared to the consensus estimate of $312.55 million. During the same quarter in the prior year, the business earned $1.34 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. research analysts anticipate that J & J Snack Foods Corp will post 4.58 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Stockholders of record on Friday, September 14th will be given a $0.45 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.20%. J & J Snack Foods’s dividend payout ratio is currently 42.76%.
JJSF has been the topic of a number of recent research reports. BidaskClub lowered J & J Snack Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 30th. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Finally, ValuEngine upgraded J & J Snack Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. J & J Snack Foods currently has an average rating of “Hold” and an average price target of $145.50.
J & J Snack Foods Profile
J&J Snack Foods Corp. manufactures nutritional snack foods and distributes frozen beverages to the food service and retail supermarket industries. It operates through the following segment: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment engages soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.
Further Reading: Fiduciary
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