Chicago Equity Partners LLC lowered its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 62.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,085 shares of the company’s stock after selling 5,135 shares during the quarter. Chicago Equity Partners LLC’s holdings in J & J Snack Foods Corp. were worth $405,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Acrospire Investment Management LLC purchased a new stake in shares of J & J Snack Foods Corp. during the 2nd quarter worth about $130,000. Riverhead Capital Management LLC grew its holdings in shares of J & J Snack Foods Corp. by 36.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,500 shares of the company’s stock worth $198,000 after purchasing an additional 400 shares during the period. Brightworth purchased a new stake in shares of J & J Snack Foods Corp. during the 3rd quarter worth about $210,000. Quantbot Technologies LP grew its holdings in shares of J & J Snack Foods Corp. by 2,268.4% during the 2nd quarter. Quantbot Technologies LP now owns 1,800 shares of the company’s stock worth $237,000 after purchasing an additional 1,724 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of J & J Snack Foods Corp. by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 1,928 shares of the company’s stock worth $255,000 after purchasing an additional 289 shares during the period. Institutional investors and hedge funds own 67.48% of the company’s stock.
J & J Snack Foods Corp. (JJSF) opened at $144.03 on Friday. The company has a market capitalization of $2,660.00, a P/E ratio of 33.44 and a beta of 0.75. J & J Snack Foods Corp. has a 52-week low of $119.75 and a 52-week high of $145.83.
J & J Snack Foods Corp. (NASDAQ:JJSF) last released its quarterly earnings results on Thursday, November 9th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.25 by $0.04. The firm had revenue of $316.73 million for the quarter, compared to analyst estimates of $287.91 million. J & J Snack Foods Corp. had a return on equity of 11.91% and a net margin of 7.30%. J & J Snack Foods Corp.’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 EPS. research analysts anticipate that J & J Snack Foods Corp. will post 4.48 EPS for the current year.
J & J Snack Foods Corp. declared that its board has approved a stock repurchase program on Friday, August 4th that authorizes the company to buyback 500,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
A number of brokerages have recently issued reports on JJSF. Jefferies Group LLC set a $130.00 target price on J & J Snack Foods Corp. and gave the stock a “hold” rating in a report on Thursday. Zacks Investment Research lowered J & J Snack Foods Corp. from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, BidaskClub raised J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th.
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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