Van Hulzen Asset Management LLC Increases Stock Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Van Hulzen Asset Management LLC lifted its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSFFree Report) by 40.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,560 shares of the company’s stock after acquiring an additional 1,595 shares during the period. Van Hulzen Asset Management LLC’s holdings in J&J Snack Foods were worth $910,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Jump Financial LLC purchased a new stake in J&J Snack Foods during the 3rd quarter worth approximately $559,000. Arizona State Retirement System increased its holdings in J&J Snack Foods by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 4,385 shares of the company’s stock worth $718,000 after purchasing an additional 64 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new stake in J&J Snack Foods during the 3rd quarter worth approximately $1,349,000. Versor Investments LP purchased a new stake in J&J Snack Foods during the 3rd quarter worth approximately $245,000. Finally, D.B. Root & Company LLC increased its holdings in J&J Snack Foods by 5.0% during the 3rd quarter. D.B. Root & Company LLC now owns 7,614 shares of the company’s stock worth $1,246,000 after purchasing an additional 360 shares during the last quarter. 76.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at J&J Snack Foods

In related news, CEO Dan Fachner sold 1,051 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $169.16, for a total transaction of $177,787.16. Following the completion of the transaction, the chief executive officer now owns 30,580 shares in the company, valued at approximately $5,172,912.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 19,580 shares of company stock worth $3,242,346 in the last 90 days. 22.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on JJSF shares. Benchmark lifted their price objective on J&J Snack Foods from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, November 17th. StockNews.com assumed coverage on J&J Snack Foods in a research report on Thursday, October 5th. They issued a “hold” rating for the company.

Get Our Latest Stock Analysis on JJSF

J&J Snack Foods Price Performance

Shares of JJSF opened at $160.50 on Wednesday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 39.34 and a beta of 0.56. The stock has a 50 day moving average of $165.81 and a 200-day moving average of $163.71. The company has a current ratio of 2.46, a quick ratio of 1.48 and a debt-to-equity ratio of 0.03. J&J Snack Foods Corp. has a 52 week low of $133.27 and a 52 week high of $177.71.

J&J Snack Foods (NASDAQ:JJSFGet Free Report) last issued its earnings results on Thursday, November 16th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.69 by $0.04. The company had revenue of $443.90 million during the quarter, compared to analyst estimates of $421.06 million. J&J Snack Foods had a return on equity of 9.90% and a net margin of 5.06%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. As a group, analysts forecast that J&J Snack Foods Corp. will post 5.62 EPS for the current year.

J&J Snack Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th were given a dividend of $0.735 per share. The ex-dividend date was Monday, December 18th. This represents a $2.94 dividend on an annualized basis and a yield of 1.83%. J&J Snack Foods’s dividend payout ratio is currently 72.06%.

About J&J Snack Foods

(Free Report)

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.

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Institutional Ownership by Quarter for J&J Snack Foods (NASDAQ:JJSF)

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