Aperio Group LLC boosted its stake in J & J Snack Foods Corp (NASDAQ:JJSF) by 6.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,293 shares of the company’s stock after acquiring an additional 723 shares during the quarter. Aperio Group LLC owned 0.06% of J & J Snack Foods worth $1,704,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in JJSF. NJ State Employees Deferred Compensation Plan purchased a new stake in J & J Snack Foods in the 3rd quarter valued at about $302,000. RK Asset Management LLC raised its holdings in J & J Snack Foods by 1.0% in the 3rd quarter. RK Asset Management LLC now owns 40,330 shares of the company’s stock valued at $6,085,000 after buying an additional 405 shares during the period. Manning & Napier Group LLC raised its holdings in J & J Snack Foods by 4.5% in the 3rd quarter. Manning & Napier Group LLC now owns 10,527 shares of the company’s stock valued at $1,588,000 after buying an additional 450 shares during the period. Northern Trust Corp raised its holdings in J & J Snack Foods by 1.7% in the 2nd quarter. Northern Trust Corp now owns 224,346 shares of the company’s stock valued at $34,206,000 after buying an additional 3,688 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in J & J Snack Foods by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 223,220 shares of the company’s stock valued at $34,035,000 after buying an additional 1,582 shares during the period. 69.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of JJSF opened at $154.92 on Friday. The stock has a market capitalization of $3.00 billion, a P/E ratio of 36.80, a P/E/G ratio of 3.22 and a beta of 0.41. J & J Snack Foods Corp has a 12-month low of $125.98 and a 12-month high of $162.80.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Thursday, November 8th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.08). The business had revenue of $300.72 million for the quarter, compared to analysts’ expectations of $306.48 million. J & J Snack Foods had a return on equity of 11.36% and a net margin of 9.06%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.29 earnings per share. As a group, equities analysts predict that J & J Snack Foods Corp will post 4.53 earnings per share for the current year.
Several analysts recently issued reports on the stock. BidaskClub lowered shares of J & J Snack Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $145.50.
In other J & J Snack Foods news, SVP Dennis G. Moore sold 5,250 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $145.14, for a total transaction of $761,985.00. Following the sale, the senior vice president now directly owns 80,877 shares in the company, valued at $11,738,487.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.00% of the stock is owned by corporate insiders.
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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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