GAMMA Investing LLC Increases Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

GAMMA Investing LLC grew its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 32.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 603 shares of the company’s stock after acquiring an additional 149 shares during the quarter. GAMMA Investing LLC’s holdings in J&J Snack Foods were worth $94,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of J&J Snack Foods by 39,000.0% in the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after purchasing an additional 390 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in J&J Snack Foods in the second quarter valued at $76,000. Canada Pension Plan Investment Board bought a new stake in J&J Snack Foods in the second quarter valued at $114,000. nVerses Capital LLC bought a new stake in J&J Snack Foods in the third quarter valued at $120,000. Finally, Glenmede Trust Co. NA bought a new stake in shares of J&J Snack Foods during the 3rd quarter valued at $204,000. 76.04% of the stock is owned by hedge funds and other institutional investors.

J&J Snack Foods Trading Down 2.6 %

Shares of JJSF stock opened at $141.80 on Friday. The company’s fifty day moving average price is $164.82 and its 200-day moving average price is $166.59. The stock has a market cap of $2.76 billion, a PE ratio of 31.87 and a beta of 0.66. J&J Snack Foods Corp. has a 12 month low of $133.23 and a 12 month high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.25). The company had revenue of $426.76 million during the quarter, compared to analysts’ expectations of $428.33 million. J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. J&J Snack Foods’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 EPS. On average, sell-side analysts forecast that J&J Snack Foods Corp. will post 5.49 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio (DPR) is 70.11%.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a report on Friday, November 15th.

J&J Snack Foods Company Profile

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.