Gabelli Funds LLC Has $3.75 Million Holdings in J & J Snack Foods Corp (JJSF)

Gabelli Funds LLC trimmed its stake in J & J Snack Foods Corp (NASDAQ:JJSF) by 0.8% during the first quarter, HoldingsChannel.com reports. The fund owned 23,600 shares of the company’s stock after selling 200 shares during the quarter. Gabelli Funds LLC’s holdings in J & J Snack Foods were worth $3,749,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in JJSF. Norges Bank bought a new stake in J & J Snack Foods in the fourth quarter valued at $26,425,000. Ranger Investment Management L.P. grew its holdings in shares of J & J Snack Foods by 64.0% during the fourth quarter. Ranger Investment Management L.P. now owns 205,553 shares of the company’s stock worth $29,721,000 after purchasing an additional 80,242 shares during the last quarter. Atlanta Capital Management Co. L L C grew its holdings in shares of J & J Snack Foods by 22.8% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 396,135 shares of the company’s stock worth $57,277,000 after purchasing an additional 73,611 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of J & J Snack Foods by 2.5% during the third quarter. Vanguard Group Inc. now owns 1,681,160 shares of the company’s stock worth $253,670,000 after purchasing an additional 40,937 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of J & J Snack Foods by 59.2% during the fourth quarter. Bank of America Corp DE now owns 90,931 shares of the company’s stock worth $13,148,000 after purchasing an additional 33,829 shares during the last quarter. Hedge funds and other institutional investors own 72.44% of the company’s stock.

Shares of JJSF stock opened at $163.29 on Wednesday. The firm has a market cap of $3.06 billion, a PE ratio of 40.22, a price-to-earnings-growth ratio of 3.32 and a beta of 0.48. J & J Snack Foods Corp has a 52 week low of $134.82 and a 52 week high of $165.64.

J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Monday, April 29th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.02 by $0.06. The company had revenue of $276.30 million for the quarter, compared to analysts’ expectations of $272.30 million. J & J Snack Foods had a return on equity of 11.30% and a net margin of 7.57%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 earnings per share. On average, research analysts expect that J & J Snack Foods Corp will post 4.9 EPS for the current fiscal year.

Several analysts have recently commented on the company. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Jefferies Financial Group restated a “hold” rating and set a $145.00 target price on shares of J & J Snack Foods in a report on Thursday, January 31st. Finally, BidaskClub upgraded J & J Snack Foods from a “hold” rating to a “buy” rating in a report on Thursday, March 28th.

ILLEGAL ACTIVITY WARNING: “Gabelli Funds LLC Has $3.75 Million Holdings in J & J Snack Foods Corp (JJSF)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2019/05/15/gabelli-funds-llc-has-3-75-million-holdings-in-j-j-snack-foods-corp-jjsf.html.

J & J Snack Foods Profile

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

Featured Article: Understanding debt-to-equity ratio in fundamental analysis

Want to see what other hedge funds are holding JJSF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J & J Snack Foods Corp (NASDAQ:JJSF).

Institutional Ownership by Quarter for J & J Snack Foods (NASDAQ:JJSF)

Receive News & Ratings for J & J Snack Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J & J Snack Foods and related companies with MarketBeat.com's FREE daily email newsletter.