J & J Snack Foods Corp. $JJSF Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC lowered its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 541,238 shares of the company’s stock after selling 12,384 shares during the quarter. Geneva Capital Management LLC’s holdings in J & J Snack Foods were worth $52,008,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in shares of J & J Snack Foods by 65.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,368 shares of the company’s stock valued at $804,000 after acquiring an additional 3,320 shares during the last quarter. Franklin Resources Inc. acquired a new position in J & J Snack Foods in the third quarter worth $204,000. Swiss National Bank boosted its holdings in J & J Snack Foods by 1.0% in the third quarter. Swiss National Bank now owns 30,100 shares of the company’s stock worth $2,892,000 after purchasing an additional 300 shares during the period. Jefferies Financial Group Inc. bought a new stake in J & J Snack Foods during the third quarter valued at $480,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in J & J Snack Foods by 139.9% during the third quarter. Dynamic Technology Lab Private Ltd now owns 8,443 shares of the company’s stock valued at $811,000 after purchasing an additional 4,923 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

J & J Snack Foods Price Performance

Shares of NASDAQ JJSF opened at $84.31 on Wednesday. The firm has a market capitalization of $1.60 billion, a PE ratio of 26.85 and a beta of 0.34. J & J Snack Foods Corp. has a 1-year low of $80.00 and a 1-year high of $142.69. The business’s fifty day moving average price is $89.24 and its two-hundred day moving average price is $92.90.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. J & J Snack Foods had a net margin of 3.92% and a return on equity of 8.79%. The business had revenue of $343.78 million during the quarter, compared to analyst estimates of $365.95 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. Equities research analysts expect that J & J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J & J Snack Foods declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 3rd that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

J & J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Tuesday, March 17th will be given a $0.80 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $3.20 annualized dividend and a yield of 3.8%. J & J Snack Foods’s dividend payout ratio is 101.91%.

Analyst Ratings Changes

A number of research firms have recently issued reports on JJSF. Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Monday, December 29th. Benchmark reissued a “buy” rating on shares of J & J Snack Foods in a report on Tuesday, January 20th. Finally, Zacks Research downgraded J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $130.00.

J & J Snack Foods Company Profile

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.