First Trust Advisors LP increased its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 11.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 18,101 shares of the company’s stock after buying an additional 1,859 shares during the period. First Trust Advisors LP owned approximately 0.10% of J&J Snack Foods Corp. worth $2,159,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Benedict Financial Advisors Inc. boosted its position in J&J Snack Foods Corp. by 2.4% in the second quarter. Benedict Financial Advisors Inc. now owns 2,425 shares of the company’s stock valued at $285,000 after buying an additional 56 shares during the period. Whittier Trust Co. boosted its position in J&J Snack Foods Corp. by 1.2% in the second quarter. Whittier Trust Co. now owns 11,763 shares of the company’s stock valued at $1,403,000 after buying an additional 141 shares during the period. Arizona State Retirement System boosted its position in J&J Snack Foods Corp. by 2.7% in the first quarter. Arizona State Retirement System now owns 7,504 shares of the company’s stock valued at $813,000 after buying an additional 200 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in J&J Snack Foods Corp. by 3.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,075 shares of the company’s stock valued at $766,000 after buying an additional 225 shares during the period. Finally, Legal & General Group Plc boosted its position in J&J Snack Foods Corp. by 15.4% in the first quarter. Legal & General Group Plc now owns 3,413 shares of the company’s stock valued at $368,000 after buying an additional 456 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Shares of J&J Snack Foods Corp. (NASDAQ:JJSF) traded down 0.94% during mid-day trading on Friday, reaching $119.41. The company’s stock had a trading volume of 48,035 shares. The company’s 50-day moving average price is $121.30 and its 200-day moving average price is $112.25. J&J Snack Foods Corp. has a 12-month low of $97.73 and a 12-month high of $125.62. The stock has a market capitalization of $2.23 billion, a P/E ratio of 29.85 and a beta of 0.65.

J&J Snack Foods Corp. (NASDAQ:JJSF) last announced its earnings results on Monday, July 25th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.06. The business had revenue of $278 million for the quarter, compared to analysts’ expectations of $284.82 million. J&J Snack Foods Corp. had a return on equity of 12.31% and a net margin of 7.54%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the firm posted $1.30 earnings per share. On average, equities research analysts forecast that J&J Snack Foods Corp. will post $4.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 15th will be given a $0.39 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.56 annualized dividend and a yield of 1.29%. J&J Snack Foods Corp.’s payout ratio is 39.20%.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of J&J Snack Foods Corp. from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research report on Thursday, July 28th. KeyCorp assumed coverage on shares of J&J Snack Foods Corp. in a research report on Monday, August 22nd. They issued a “sector weight” rating on the stock. Finally, Jefferies Group upped their price objective on shares of J&J Snack Foods Corp. from $108.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, July 27th.

In other news, insider Dennis G. Moore sold 7,500 shares of J&J Snack Foods Corp. stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $122.46, for a total transaction of $918,450.00. Following the transaction, the insider now directly owns 75,501 shares of the company’s stock, valued at approximately $9,245,852.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gerard Garfield Law sold 1,724 shares of J&J Snack Foods Corp. stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $121.46, for a total value of $209,397.04. Following the transaction, the insider now directly owns 21,906 shares in the company, valued at $2,660,702.76. The disclosure for this sale can be found here. 21.00% of the stock is owned by company insiders.

J&J Snack Foods Corp. Company Profile

J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. The Company’s food service segment is engaged in selling primary products, such as soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.

5 Day Chart for NASDAQ:JJSF

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