American Century Companies Inc. Acquires 528 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

American Century Companies Inc. lifted its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 6.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,722 shares of the company’s stock after buying an additional 528 shares during the quarter. American Century Companies Inc.’s holdings in J&J Snack Foods were worth $1,416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of J&J Snack Foods in the fourth quarter worth about $27,404,000. Sei Investments Co. boosted its holdings in J&J Snack Foods by 19.4% in the 1st quarter. Sei Investments Co. now owns 82,401 shares of the company’s stock valued at $11,912,000 after purchasing an additional 13,382 shares during the period. Edgestream Partners L.P. purchased a new position in shares of J&J Snack Foods during the 1st quarter valued at $3,197,000. DAVENPORT & Co LLC raised its position in shares of J&J Snack Foods by 11.9% in the first quarter. DAVENPORT & Co LLC now owns 217,553 shares of the company’s stock worth $31,228,000 after buying an additional 23,196 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in J&J Snack Foods by 4.6% during the first quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock valued at $236,544,000 after buying an additional 71,378 shares during the period. 76.04% of the stock is owned by institutional investors.

J&J Snack Foods Stock Up 0.5 %

Shares of NASDAQ:JJSF opened at $170.85 on Monday. The firm has a fifty day moving average of $168.29 and a 200 day moving average of $158.99. J&J Snack Foods Corp. has a 52-week low of $133.23 and a 52-week high of $176.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.39 and a current ratio of 2.27. The firm has a market capitalization of $3.31 billion, a PE ratio of 38.48 and a beta of 0.62.

J&J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Monday, August 5th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.01). The firm had revenue of $439.96 million during the quarter, compared to analysts’ expectations of $440.92 million. J&J Snack Foods had a return on equity of 10.70% and a net margin of 5.49%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 EPS. As a group, research analysts anticipate that J&J Snack Foods Corp. will post 5.21 EPS for the current fiscal year.

J&J Snack Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.78 per share. This is a boost from J&J Snack Foods’s previous quarterly dividend of $0.74. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, September 17th. J&J Snack Foods’s dividend payout ratio (DPR) is 70.27%.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, August 6th.

Insider Transactions at J&J Snack Foods

In other J&J Snack Foods news, VP Mary Lou Kehoe sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total value of $254,385.00. Following the completion of the sale, the vice president now owns 742 shares in the company, valued at $125,835.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Mary Lou Kehoe sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $169.59, for a total value of $254,385.00. Following the sale, the vice president now directly owns 742 shares of the company’s stock, valued at $125,835.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald B. Shreiber sold 20,000 shares of the company’s stock in a transaction that occurred on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total value of $3,359,000.00. The disclosure for this sale can be found here. Company insiders own 22.20% of the company’s stock.

About J&J Snack Foods

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.