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.
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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.
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