Ajo LP maintained its position in J & J Snack Foods Corp. (NASDAQ:JJSF) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,826 shares of the company’s stock at the close of the 2nd quarter. Ajo LP’s holdings in J & J Snack Foods Corp. were worth $902,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of JJSF. BlackRock Inc. grew its holdings in J & J Snack Foods Corp. by 136,379.7% in the first quarter. BlackRock Inc. now owns 1,798,803 shares of the company’s stock worth $243,846,000 after purchasing an additional 1,797,485 shares during the period. Vanguard Group Inc. grew its holdings in J & J Snack Foods Corp. by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,504,365 shares of the company’s stock worth $203,931,000 after purchasing an additional 90,593 shares during the period. Aberdeen Asset Management PLC UK grew its holdings in J & J Snack Foods Corp. by 21.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 274,425 shares of the company’s stock worth $36,244,000 after purchasing an additional 48,273 shares during the period. Ranger Investment Management L.P. grew its holdings in J & J Snack Foods Corp. by 34.3% in the first quarter. Ranger Investment Management L.P. now owns 147,118 shares of the company’s stock worth $19,943,000 after purchasing an additional 37,598 shares during the period. Finally, Macquarie Group Ltd. grew its holdings in J & J Snack Foods Corp. by 6.1% in the first quarter. Macquarie Group Ltd. now owns 589,463 shares of the company’s stock worth $79,908,000 after purchasing an additional 33,744 shares during the period. Institutional investors and hedge funds own 67.52% of the company’s stock.
Shares of J & J Snack Foods Corp. (NASDAQ:JJSF) opened at 128.08 on Thursday. J & J Snack Foods Corp. has a 12-month low of $102.81 and a 12-month high of $143.21. The firm has a market capitalization of $2.40 billion, a PE ratio of 31.94 and a beta of 0.74. The firm has a 50-day moving average of $127.35 and a 200-day moving average of $131.88.
J & J Snack Foods Corp. (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, July 24th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.15). The business had revenue of $295.40 million during the quarter, compared to the consensus estimate of $297.83 million. J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. Equities analysts anticipate that J & J Snack Foods Corp. will post $4.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Thursday, September 14th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.68 annualized dividend and a dividend yield of 1.31%. J & J Snack Foods Corp.’s payout ratio is 41.90%.
J & J Snack Foods Corp. declared that its Board of Directors has initiated a stock buyback program on Friday, August 4th that allows the company to repurchase 500,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.
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A number of research firms have commented on JJSF. BidaskClub cut shares of J & J Snack Foods Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Zacks Investment Research cut shares of J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 26th.
J & J Snack Foods Corp. Profile
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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