J & J Snack Foods Corp. (JJSF) Stake Increased by Bahl & Gaynor Inc.
Bahl & Gaynor Inc. lifted its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 49.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,285 shares of the company’s stock after acquiring an additional 4,420 shares during the quarter. Bahl & Gaynor Inc. owned about 0.07% of J & J Snack Foods Corp. worth $1,772,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of J & J Snack Foods Corp. by 136,379.7% during the 1st quarter. BlackRock Inc. now owns 1,798,803 shares of the company’s stock worth $243,846,000 after acquiring an additional 1,797,485 shares in the last quarter. Vanguard Group Inc. boosted its stake in J & J Snack Foods Corp. by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 1,504,365 shares of the company’s stock valued at $203,931,000 after purchasing an additional 90,593 shares during the period. Macquarie Group Ltd. boosted its stake in J & J Snack Foods Corp. by 6.1% during the 1st quarter. Macquarie Group Ltd. now owns 589,463 shares of the company’s stock valued at $79,908,000 after purchasing an additional 33,744 shares during the period. Dimensional Fund Advisors LP boosted its stake in J & J Snack Foods Corp. by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 440,420 shares of the company’s stock valued at $59,703,000 after purchasing an additional 1,274 shares during the period. Finally, State Street Corp boosted its stake in J & J Snack Foods Corp. by 7.1% during the 1st quarter. State Street Corp now owns 365,416 shares of the company’s stock valued at $49,534,000 after purchasing an additional 24,070 shares during the period. Institutional investors own 67.83% of the company’s stock.
Several analysts recently weighed in on the company. BidaskClub upgraded J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 26th.
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Shares of J & J Snack Foods Corp. (NASDAQ JJSF) traded up 1.20% during mid-day trading on Friday, reaching $127.97. The company had a trading volume of 142,932 shares. J & J Snack Foods Corp. has a 12 month low of $102.81 and a 12 month high of $143.21. The firm’s 50-day moving average is $127.49 and its 200 day moving average is $131.98. The company 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. (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, July 24th. The company reported $1.34 EPS 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 business had revenue of $295.40 million for the quarter, compared to the consensus estimate of $297.83 million. During the same quarter in the previous year, the business posted $1.43 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts predict that J & J Snack Foods Corp. will post $4.19 earnings per share for the current year.
J & J Snack Foods Corp. declared that its board has approved a share repurchase program on Friday, August 4th that allows the company to buyback 500,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
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 issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Wednesday, September 13th. J & J Snack Foods Corp.’s payout ratio is currently 41.90%.
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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