BidaskClub downgraded shares of J & J Snack Foods (NASDAQ:JJSF) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.
Separately, Zacks Investment Research upgraded shares of J & J Snack Foods from a sell rating to a hold rating in a research note on Wednesday, August 29th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $145.50.
JJSF traded up $0.20 during trading on Friday, hitting $155.64. The stock had a trading volume of 59,898 shares, compared to its average volume of 61,267. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 3.13 and a beta of 0.41. J & J Snack Foods has a twelve month low of $125.98 and a twelve month high of $161.82.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Shareholders of record on Friday, September 14th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.80 annualized dividend and a yield of 1.16%. J & J Snack Foods’s dividend payout ratio (DPR) is 42.76%.
In other news, SVP Dennis G. Moore sold 5,250 shares of J & J Snack Foods stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $145.14, for a total transaction of $761,985.00. Following the completion of the sale, the senior vice president now directly owns 80,877 shares in the company, valued at $11,738,487.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 21.00% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of J & J Snack Foods by 7.5% during the second quarter. BlackRock Inc. now owns 2,046,734 shares of the company’s stock worth $312,066,000 after buying an additional 143,652 shares during the period. Macquarie Group Ltd. lifted its stake in shares of J & J Snack Foods by 1.6% during the second quarter. Macquarie Group Ltd. now owns 682,377 shares of the company’s stock worth $104,042,000 after buying an additional 11,007 shares during the period. Janus Henderson Group PLC lifted its stake in shares of J & J Snack Foods by 16.8% during the second quarter. Janus Henderson Group PLC now owns 291,753 shares of the company’s stock worth $44,484,000 after buying an additional 41,965 shares during the period. Northern Trust Corp lifted its stake in shares of J & J Snack Foods by 1.7% during the second quarter. Northern Trust Corp now owns 224,346 shares of the company’s stock worth $34,206,000 after buying an additional 3,688 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of J & J Snack Foods by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 223,220 shares of the company’s stock worth $34,035,000 after buying an additional 1,582 shares during the period. Institutional investors and hedge funds own 69.71% of the company’s stock.
About J & J Snack Foods
J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.
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