WINTON GROUP Ltd acquired a new position in J & J Snack Foods Corp (NASDAQ:JJSF) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 3,281 shares of the company’s stock, valued at approximately $474,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc grew its stake in shares of J & J Snack Foods by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 1,681,160 shares of the company’s stock worth $253,670,000 after purchasing an additional 40,937 shares during the last quarter. Trexquant Investment LP increased its position in shares of J & J Snack Foods by 27.3% in the third quarter. Trexquant Investment LP now owns 2,673 shares of the company’s stock worth $403,000 after acquiring an additional 574 shares in the last quarter. Epoch Investment Partners Inc. increased its position in shares of J & J Snack Foods by 9.3% in the third quarter. Epoch Investment Partners Inc. now owns 219,838 shares of the company’s stock worth $33,171,000 after acquiring an additional 18,692 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of J & J Snack Foods by 11.0% in the third quarter. Macquarie Group Ltd. now owns 757,131 shares of the company’s stock worth $114,243,000 after acquiring an additional 74,754 shares in the last quarter. Finally, Aperio Group LLC increased its position in shares of J & J Snack Foods by 6.8% in the third quarter. Aperio Group LLC now owns 11,293 shares of the company’s stock worth $1,704,000 after acquiring an additional 723 shares in the last quarter. 71.31% of the stock is currently owned by institutional investors.
JJSF traded down $0.91 on Friday, reaching $155.79. 8,626 shares of the company traded hands, compared to its average volume of 88,764. J & J Snack Foods Corp has a 52-week low of $125.98 and a 52-week high of $162.84. The company has a market capitalization of $2.94 billion, a PE ratio of 38.37, a PEG ratio of 3.22 and a beta of 0.51.
J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, January 28th. The company reported $0.88 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.88. J & J Snack Foods had a net margin of 7.41% and a return on equity of 10.95%. The firm had revenue of $271.60 million for the quarter, compared to the consensus estimate of $271.75 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. As a group, equities analysts predict that J & J Snack Foods Corp will post 4.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, March 13th. J & J Snack Foods’s payout ratio is presently 49.26%.
In related news, insider Gerald B. Shreiber sold 2,435 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $156.29, for a total transaction of $380,566.15. Following the transaction, the insider now directly owns 3,563,985 shares of the company’s stock, valued at $557,015,215.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 21.00% of the company’s stock.
Several research analysts have recently weighed in on JJSF shares. Zacks Investment Research downgraded shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, November 14th. BidaskClub raised shares of J & J Snack Foods from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 21st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $145.00 price objective on shares of J & J Snack Foods in a research report on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $145.00.
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J & J Snack Foods Profile
J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.
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