J&J Snack Foods Corp. (NASDAQ:JJSF) is RK Asset Management LLC’s 10th Largest Position

RK Asset Management LLC raised its position in J&J Snack Foods Corp. (NASDAQ:JJSFFree Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,698 shares of the company’s stock after acquiring an additional 1,552 shares during the quarter. J&J Snack Foods makes up about 4.7% of RK Asset Management LLC’s holdings, making the stock its 10th biggest holding. RK Asset Management LLC’s holdings in J&J Snack Foods were worth $5,632,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in JJSF. Charles Schwab Investment Management Inc. lifted its position in shares of J&J Snack Foods by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 172,108 shares of the company’s stock worth $28,165,000 after buying an additional 7,023 shares during the last quarter. Swiss National Bank lifted its position in shares of J&J Snack Foods by 1.2% during the 3rd quarter. Swiss National Bank now owns 33,900 shares of the company’s stock worth $5,548,000 after buying an additional 400 shares during the last quarter. L2 Asset Management LLC purchased a new stake in shares of J&J Snack Foods during the 3rd quarter worth approximately $3,087,000. HighTower Advisors LLC purchased a new stake in shares of J&J Snack Foods during the 3rd quarter worth approximately $457,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of J&J Snack Foods by 17.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,508 shares of the company’s stock worth $574,000 after buying an additional 518 shares during the last quarter. Hedge funds and other institutional investors own 76.07% of the company’s stock.

Insider Activity

In other J&J Snack Foods news, Director Marjorie Shreiber Roshkoff sold 625 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $147.73, for a total transaction of $92,331.25. Following the sale, the director now directly owns 69,459 shares in the company, valued at approximately $10,261,178.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 22.20% of the company’s stock.

J&J Snack Foods Stock Performance

Shares of J&J Snack Foods stock traded up $1.34 during trading on Friday, reaching $143.34. The company’s stock had a trading volume of 243,329 shares, compared to its average volume of 99,922. The company has a 50-day moving average price of $151.75 and a two-hundred day moving average price of $159.56. The firm has a market cap of $2.78 billion, a PE ratio of 34.88 and a beta of 0.52. J&J Snack Foods Corp. has a fifty-two week low of $139.98 and a fifty-two week high of $177.71. The company has a current ratio of 2.40, a quick ratio of 1.36 and a debt-to-equity ratio of 0.01.

J&J Snack Foods (NASDAQ:JJSFGet Free Report) last announced its earnings results on Monday, February 5th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.35). The business had revenue of $348.31 million during the quarter, compared to analyst estimates of $363.54 million. J&J Snack Foods had a net margin of 5.11% and a return on equity of 9.98%. On average, analysts forecast that J&J Snack Foods Corp. will post 5.06 EPS for the current year.

J&J Snack Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Tuesday, March 19th will be issued a $0.735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.05%. J&J Snack Foods’s payout ratio is 71.53%.

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.

See Also

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

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