BlackRock Inc. boosted its position in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,173,362 shares of the company’s stock after acquiring an additional 10,652 shares during the period. BlackRock Inc. owned approximately 11.55% of J & J Snack Foods worth $345,216,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of JJSF. Pearl River Capital LLC purchased a new stake in shares of J & J Snack Foods in the 4th quarter worth about $72,000. PNC Financial Services Group Inc. lifted its position in J & J Snack Foods by 63.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 578 shares of the company’s stock valued at $84,000 after acquiring an additional 225 shares during the period. Quadrant Capital Group LLC lifted its position in J & J Snack Foods by 2,348.4% during the 1st quarter. Quadrant Capital Group LLC now owns 759 shares of the company’s stock valued at $118,000 after acquiring an additional 728 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in J & J Snack Foods during the 4th quarter valued at about $125,000. Finally, Advisor Group Inc. lifted its position in J & J Snack Foods by 15.1% during the 4th quarter. Advisor Group Inc. now owns 1,050 shares of the company’s stock valued at $152,000 after acquiring an additional 138 shares during the period. Hedge funds and other institutional investors own 73.69% of the company’s stock.
JJSF has been the subject of a number of recent research reports. Zacks Investment Research cut shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. BidaskClub lowered shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a research note on Friday, March 15th.
NASDAQ:JJSF opened at $164.39 on Thursday. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 40.49 and a beta of 0.43. J & J Snack Foods Corp has a fifty-two week low of $138.40 and a fifty-two week high of $167.50.
J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Monday, April 29th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The business had revenue of $276.30 million during the quarter, compared to analyst estimates of $272.30 million. J & J Snack Foods had a net margin of 7.57% and a return on equity of 11.30%. J & J Snack Foods’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. On average, equities research analysts predict that J & J Snack Foods Corp will post 4.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 11th. This represents a $2.00 dividend on an annualized basis and a yield of 1.22%. J & J Snack Foods’s dividend payout ratio is currently 49.26%.
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About J & J Snack Foods
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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