BlackRock Inc. Raises Position in J & J Snack Foods Corp (NASDAQ:JJSF)

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%.

COPYRIGHT VIOLATION NOTICE: This news story was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2019/06/13/blackrock-inc-raises-position-in-j-j-snack-foods-corp-nasdaqjjsf.html.

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.

Recommended Story: What is the Coverage Ratio?

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.



Leave a Reply