First Trust Advisors LP Has $38.27 Million Stock Position in J & J Snack Foods Corp. $JJSF

First Trust Advisors LP boosted its position in J & J Snack Foods Corp. (NASDAQ:JJSF) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 337,433 shares of the company’s stock after buying an additional 11,045 shares during the quarter. First Trust Advisors LP’s holdings in J & J Snack Foods were worth $38,268,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in J & J Snack Foods by 902.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 351 shares of the company’s stock worth $40,000 after acquiring an additional 316 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of J & J Snack Foods by 243.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the company’s stock worth $48,000 after purchasing an additional 302 shares during the period. AlphaQuest LLC acquired a new position in shares of J & J Snack Foods during the 2nd quarter worth about $59,000. Parallel Advisors LLC lifted its position in shares of J & J Snack Foods by 198.9% during the 2nd quarter. Parallel Advisors LLC now owns 529 shares of the company’s stock worth $60,000 after purchasing an additional 352 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in J & J Snack Foods by 94.4% during the 2nd quarter. GAMMA Investing LLC now owns 700 shares of the company’s stock valued at $79,000 after purchasing an additional 340 shares during the period. Institutional investors own 76.04% of the company’s stock.

J & J Snack Foods Stock Performance

NASDAQ:JJSF opened at $90.02 on Wednesday. The company has a 50-day moving average of $90.24 and a 200-day moving average of $104.26. J & J Snack Foods Corp. has a 52 week low of $80.67 and a 52 week high of $172.33. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 26.87 and a beta of 0.35.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, November 17th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.34. The firm had revenue of $410.24 million during the quarter, compared to analyst estimates of $424.08 million. J & J Snack Foods had a net margin of 4.14% and a return on equity of 8.73%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.60 earnings per share. Sell-side analysts forecast that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, December 16th. J & J Snack Foods’s dividend payout ratio (DPR) is 95.52%.

Insider Activity at J & J Snack Foods

In related news, Director Kathleen E. Ciaramello purchased 540 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average price of $90.56 per share, with a total value of $48,902.40. Following the purchase, the director directly owned 1,013 shares in the company, valued at $91,737.28. This represents a 114.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 21.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on JJSF shares. Zacks Research raised J & J Snack Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Monday. Finally, Benchmark reduced their price target on shares of J & J Snack Foods from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, J & J Snack Foods has a consensus rating of “Hold” and an average target price of $132.50.

J & J Snack Foods Profile

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.