Bessemer Group Inc. Has $6.03 Million Position in J & J Snack Foods Corp. $JJSF

Bessemer Group Inc. boosted its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 35.5% in the first quarter, Holdings Channel reports. The firm owned 76,037 shares of the company’s stock after acquiring an additional 19,908 shares during the period. Bessemer Group Inc.’s holdings in J & J Snack Foods were worth $6,027,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of J & J Snack Foods by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,000,911 shares of the company’s stock valued at $180,822,000 after purchasing an additional 31,612 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of J & J Snack Foods by 1.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,739,411 shares of the company’s stock worth $157,451,000 after buying an additional 26,975 shares during the period. Dimensional Fund Advisors LP grew its stake in J & J Snack Foods by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 544,928 shares of the company’s stock valued at $49,244,000 after buying an additional 2,143 shares during the last quarter. Geode Capital Management LLC grew its stake in J & J Snack Foods by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 382,879 shares of the company’s stock valued at $34,607,000 after buying an additional 1,909 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in J & J Snack Foods by 2.9% in the 2nd quarter. Bank of America Corp DE now owns 354,253 shares of the company’s stock valued at $40,176,000 after buying an additional 9,820 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

J & J Snack Foods Price Performance

Shares of JJSF stock opened at $76.68 on Monday. J & J Snack Foods Corp. has a 12 month low of $68.87 and a 12 month high of $129.24. The firm has a market cap of $1.44 billion, a PE ratio of 25.73 and a beta of 0.38. The stock has a 50 day moving average of $75.08 and a 200-day moving average of $81.74.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The business 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%. J & J Snack Foods’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company posted $0.35 earnings per share. As a group, equities analysts predict that J & J Snack Foods Corp. will post 4 EPS for the current fiscal year.

J & J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 16th were issued a $0.80 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is 107.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Wednesday, June 24th. Zacks Research downgraded J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Benchmark dropped their price objective on 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. 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, the stock has a consensus rating of “Reduce” and an average price target of $120.00.

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.