Loomis Sayles & Co. L P grew its stake in J & J Snack Foods Corp (NASDAQ:JJSF) by 3.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,873 shares of the company’s stock after purchasing an additional 3,026 shares during the quarter. Loomis Sayles & Co. L P owned about 0.53% of J & J Snack Foods worth $15,070,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. GAM Holding AG bought a new position in J & J Snack Foods in the 3rd quarter worth $252,000. Eaton Vance Management bought a new position in J & J Snack Foods in the 3rd quarter worth $5,171,000. GSA Capital Partners LLP bought a new position in J & J Snack Foods in the 3rd quarter worth $218,000. Quantbot Technologies LP bought a new position in J & J Snack Foods in the 3rd quarter worth $628,000. Finally, Atlanta Capital Management Co. L L C raised its holdings in J & J Snack Foods by 28.4% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 322,524 shares of the company’s stock worth $48,666,000 after purchasing an additional 71,273 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.
Shares of NASDAQ JJSF opened at $153.57 on Friday. J & J Snack Foods Corp has a 12 month low of $125.98 and a 12 month high of $162.80. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 37.83, a P/E/G ratio of 3.08 and a beta of 0.41.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Thursday, November 8th. The company reported $1.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.08). The company had revenue of $300.72 million during the quarter, compared to the consensus estimate of $306.48 million. J & J Snack Foods had a return on equity of 10.89% and a net margin of 9.10%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 earnings per share. On average, sell-side analysts predict that J & J Snack Foods Corp will post 4.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Tuesday, December 18th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.30%. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, December 17th. J & J Snack Foods’s dividend payout ratio (DPR) is presently 44.33%.
Several brokerages have commented on JJSF. BidaskClub lowered shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. Zacks Investment Research upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $145.50.
In related news, insider Robert Joseph Pape sold 2,100 shares of the stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $153.68, for a total value of $322,728.00. Following the completion of the transaction, the insider now directly owns 12,281 shares in the company, valued at approximately $1,887,344.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gerald B. Shreiber sold 2,435 shares of the stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $156.29, for a total transaction of $380,566.15. Following the completion of the transaction, the insider now owns 3,563,985 shares of the company’s stock, valued at $557,015,215.65. The disclosure for this sale can be found here. 21.00% of the stock is owned by company insiders.
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J & J Snack Foods Profile
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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