J & J Snack Foods Corp. $JJSF Shares Purchased by Bernzott Capital Advisors

Bernzott Capital Advisors grew its stake in J & J Snack Foods Corp. (NASDAQ:JJSF) by 15.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,163 shares of the company’s stock after purchasing an additional 11,923 shares during the period. J & J Snack Foods comprises about 3.3% of Bernzott Capital Advisors’ investment portfolio, making the stock its 10th biggest position. Bernzott Capital Advisors owned about 0.46% of J & J Snack Foods worth $6,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in J & J Snack Foods by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 2,000,911 shares of the company’s stock worth $180,822,000 after buying an additional 31,612 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of J & J Snack Foods by 1.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,739,411 shares of the company’s stock valued at $157,451,000 after purchasing an additional 26,975 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of J & J Snack Foods by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 544,928 shares of the company’s stock valued at $49,244,000 after purchasing an additional 2,143 shares in the last quarter. First Trust Advisors LP lifted its position in J & J Snack Foods by 19.9% in the third quarter. First Trust Advisors LP now owns 404,461 shares of the company’s stock worth $38,865,000 after purchasing an additional 67,028 shares during the period. Finally, Geode Capital Management LLC lifted its position in J & J Snack Foods by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 382,879 shares of the company’s stock worth $34,607,000 after purchasing an additional 1,909 shares during the period. Institutional investors own 76.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on JJSF shares. Zacks Research downgraded shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Benchmark lowered their target price on shares of J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, J & J Snack Foods has a consensus rating of “Reduce” and an average target price of $120.00.

J & J Snack Foods Stock Performance

Shares of NASDAQ JJSF opened at $75.50 on Friday. The stock has a market cap of $1.42 billion, a PE ratio of 25.34 and a beta of 0.38. The business has a fifty day moving average of $75.70 and a two-hundred day moving average of $82.33. J & J Snack Foods Corp. has a 52-week low of $68.87 and a 52-week high of $129.24.

J & J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Wednesday, May 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $344.82 million for the quarter, compared to the consensus estimate of $349.67 million. J & J Snack Foods had a net margin of 3.75% and a return on equity of 9.01%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. Analysts predict that J & J Snack Foods Corp. will post 4 earnings per share for the current year.

J & J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 16th were given a $0.80 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. J & J Snack Foods’s payout ratio is 107.38%.

J & J Snack Foods Profile

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.