J & J Snack Foods Corp. $JJSF Stake Raised by Headlands Technologies LLC

Headlands Technologies LLC lifted its holdings in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 221.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,795 shares of the company’s stock after buying an additional 8,810 shares during the period. Headlands Technologies LLC’s holdings in J & J Snack Foods were worth $940,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Allworth Financial LP increased its position in J & J Snack Foods by 485.1% in the 4th quarter. Allworth Financial LP now owns 275 shares of the company’s stock valued at $25,000 after acquiring an additional 228 shares during the period. Global Retirement Partners LLC boosted its position in J & J Snack Foods by 1,133.3% during the 4th quarter. Global Retirement Partners LLC now owns 333 shares of the company’s stock worth $30,000 after acquiring an additional 306 shares during the period. IFP Advisors Inc boosted its position in J & J Snack Foods by 1,450.0% during the 4th quarter. IFP Advisors Inc now owns 341 shares of the company’s stock worth $31,000 after acquiring an additional 319 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of J & J Snack Foods in the second quarter worth $33,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of J & J Snack Foods by 58.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 404 shares of the company’s stock worth $36,000 after purchasing an additional 149 shares in the last quarter. 76.04% of the stock is owned by institutional investors.

J & J Snack Foods Stock Performance

JJSF opened at $87.01 on Wednesday. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 33.47 and a beta of 0.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.34 and a quick ratio of 1.47. J & J Snack Foods Corp. has a 1-year low of $68.87 and a 1-year high of $111.43. The business has a 50 day moving average price of $81.52 and a two-hundred day moving average price of $80.25.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.26. J & J Snack Foods had a return on equity of 8.93% and a net margin of 3.23%.The company had revenue of $425.96 million for the quarter, compared to analysts’ expectations of $427.65 million. During the same period last year, the firm earned $2.00 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Research analysts predict that J & J Snack Foods Corp. will post 3.98 EPS for the current fiscal year.

J & J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.20 annualized dividend and a yield of 3.7%. J & J Snack Foods’s dividend payout ratio (DPR) is currently 123.08%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JJSF. Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a research note on Wednesday, June 24th. Zacks Research lowered shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Jefferies Financial Group raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and raised their target price for the company from $81.00 to $101.00 in a research note on Thursday, August 6th. Finally, Benchmark dropped their price target on shares of J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $110.50.

About J & J Snack Foods

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.