Aberdeen Asset Management PLC UK raised its holdings in J & J Snack Foods Corp. (NASDAQ:JJSF) by 21.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 274,425 shares of the company’s stock after acquiring an additional 48,273 shares during the quarter. Aberdeen Asset Management PLC UK owned 1.46% of J & J Snack Foods Corp. worth $36,244,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of JJSF. BlackRock Inc. lifted its position in shares of 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 in the last quarter. Vanguard Group Inc. increased 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 buying an additional 90,593 shares during the last quarter. Macquarie Group Ltd. increased 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 buying an additional 33,744 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in J & J Snack Foods Corp. by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 440,420 shares of the company’s stock worth $59,703,000 after buying an additional 1,274 shares during the last quarter. Finally, State Street Corp increased its holdings in J & J Snack Foods Corp. by 7.1% in the first quarter. State Street Corp now owns 365,416 shares of the company’s stock worth $49,534,000 after buying an additional 24,070 shares during the last quarter. 67.83% of the stock is owned by institutional investors.
Shares of J & J Snack Foods Corp. (NASDAQ JJSF) opened at 127.97 on Friday. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 31.91 and a beta of 0.74. J & J Snack Foods Corp. has a 52 week low of $102.81 and a 52 week high of $143.21. The stock has a 50 day moving average price of $127.49 and a 200-day moving average price of $131.98.
J & J Snack Foods Corp. (NASDAQ:JJSF) last posted its earnings results on Monday, July 24th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.15). J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The firm had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $297.83 million. During the same quarter last year, the company posted $1.43 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that J & J Snack Foods Corp. will post $4.19 earnings per share for the current year.
J & J Snack Foods Corp. announced that its Board of Directors has approved a stock repurchase plan on Friday, August 4th that allows the company to buyback 500,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
The business 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 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 currently 41.90%.
Several equities research analysts have recently issued reports on JJSF shares. Zacks Investment Research downgraded shares of J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 26th. BidaskClub raised J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th.
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J & J Snack Foods Corp. Company 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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