J & J Snack Foods Corp (JJSF) Insider Robert M. Radano Sells 5,250 Shares

J & J Snack Foods Corp (NASDAQ:JJSF) insider Robert M. Radano sold 5,250 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $139.34, for a total transaction of $731,535.00. Following the sale, the insider now directly owns 99,872 shares in the company, valued at approximately $13,916,164.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of J & J Snack Foods Corp (NASDAQ:JJSF) opened at $139.10 on Monday. The company has a market cap of $2,598.11, a P/E ratio of 25.66 and a beta of 0.65. J & J Snack Foods Corp has a one year low of $121.20 and a one year high of $157.33.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, January 29th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The firm had revenue of $265.20 million for the quarter, compared to analyst estimates of $253.95 million. J & J Snack Foods had a return on equity of 11.79% and a net margin of 9.07%. J & J Snack Foods’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. research analysts predict that J & J Snack Foods Corp will post 4.93 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Thursday, March 15th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.29%. J & J Snack Foods’s dividend payout ratio is currently 33.21%.

A number of institutional investors have recently added to or reduced their stakes in JJSF. New York State Common Retirement Fund grew its stake in J & J Snack Foods by 11.1% in the 2nd quarter. New York State Common Retirement Fund now owns 17,946 shares of the company’s stock valued at $2,370,000 after acquiring an additional 1,799 shares during the period. UBS Asset Management Americas Inc. grew its stake in J & J Snack Foods by 5.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 8,225 shares of the company’s stock valued at $1,086,000 after acquiring an additional 461 shares during the period. Northern Trust Corp grew its stake in J & J Snack Foods by 2.9% in the 2nd quarter. Northern Trust Corp now owns 229,246 shares of the company’s stock valued at $30,277,000 after acquiring an additional 6,426 shares during the period. California Public Employees Retirement System grew its stake in J & J Snack Foods by 1.9% in the 2nd quarter. California Public Employees Retirement System now owns 21,100 shares of the company’s stock valued at $2,787,000 after acquiring an additional 400 shares during the period. Finally, Voya Investment Management LLC grew its stake in J & J Snack Foods by 6.7% in the 2nd quarter. Voya Investment Management LLC now owns 7,640 shares of the company’s stock valued at $1,009,000 after acquiring an additional 479 shares during the period. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. CL King assumed coverage on shares of J & J Snack Foods in a research note on Tuesday, December 19th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $156.00 price objective on the stock in a research note on Saturday, February 3rd. Finally, Jefferies Group set a $130.00 price objective on shares of J & J Snack Foods and gave the stock a “hold” rating in a research note on Thursday, November 16th.

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J & J Snack Foods 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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