J & J Snack Foods Corp. $JJSF Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 163.4% during the third quarter, Holdings Channel.com reports. The fund owned 17,685 shares of the company’s stock after purchasing an additional 10,972 shares during the period. GSA Capital Partners LLP’s holdings in J & J Snack Foods were worth $1,699,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in J & J Snack Foods by 902.9% during the second quarter. EverSource Wealth Advisors LLC now owns 351 shares of the company’s stock worth $40,000 after buying an additional 316 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position 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 buying an additional 302 shares during the period. AlphaQuest LLC purchased a new position in J & J Snack Foods during the 2nd quarter valued at about $59,000. Assetmark Inc. grew its position in J & J Snack Foods by 19,000.0% during the third quarter. Assetmark Inc. now owns 955 shares of the company’s stock valued at $92,000 after purchasing an additional 950 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in J & J Snack Foods by 38.0% in the 3rd quarter. GAMMA Investing LLC now owns 966 shares of the company’s stock worth $93,000 after buying an additional 266 shares in the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

J & J Snack Foods Stock Down 1.3%

NASDAQ JJSF opened at $85.20 on Wednesday. J & J Snack Foods Corp. has a twelve month low of $80.00 and a twelve month high of $144.37. The stock has a market cap of $1.62 billion, a P/E ratio of 27.13 and a beta of 0.34. The company’s 50-day simple moving average is $91.24 and its 200 day simple moving average is $95.75.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $343.78 million for the quarter, compared to the consensus estimate of $365.95 million. J & J Snack Foods had a return on equity of 8.79% and a net margin of 3.92%.The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. Research analysts anticipate that J & J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J & J Snack Foods announced that its Board of Directors has approved a share repurchase program on Tuesday, February 3rd that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

J & J Snack Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, March 17th. J & J Snack Foods’s dividend payout ratio is 101.91%.

Insider Transactions at J & J Snack Foods

In other J & J Snack Foods news, Director Kathleen E. Ciaramello bought 540 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were bought at an average cost of $90.56 per share, for a total transaction of $48,902.40. Following the transaction, the director owned 1,013 shares in the company, valued at approximately $91,737.28. This trade represents a 114.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 20.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

JJSF has been the subject of a number of research reports. Zacks Research cut J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a report on Monday, December 29th. Finally, Benchmark restated a “buy” rating on shares of J & J Snack Foods in a report on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $130.00.

About J & J Snack Foods

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.