GSA Capital Partners LLP bought a new stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,403 shares of the company’s stock, valued at approximately $406,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of 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. Prudential Financial Inc. raised its position in shares of J&J Snack Foods Corp. by 7.1% in the first quarter. Prudential Financial Inc. now owns 48,998 shares of the company’s stock valued at $5,306,000 after buying an additional 3,230 shares during the period. Renaissance Technologies LLC raised its position in shares of J&J Snack Foods Corp. by 16.0% in the first quarter. Renaissance Technologies LLC now owns 451,550 shares of the company’s stock valued at $48,894,000 after buying an additional 62,400 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of J&J Snack Foods Corp. by 83.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,071 shares of the company’s stock valued at $605,000 after buying an additional 2,305 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of J&J Snack Foods Corp. by 16.6% in the first quarter. Envestnet Asset Management Inc. now owns 3,330 shares of the company’s stock valued at $361,000 after buying an additional 473 shares during the period. 70.21% of the stock is currently owned by institutional investors.

J&J Snack Foods Corp. (NASDAQ:JJSF) traded up 0.89% on Wednesday, reaching $119.52. 85,417 shares of the company traded hands. The firm has a 50 day moving average of $121.39 and a 200-day moving average of $112.13. J&J Snack Foods Corp. has a one year low of $97.73 and a one year high of $125.62. The stock has a market capitalization of $2.23 billion, a PE ratio of 29.88 and a beta of 0.65.

J&J Snack Foods Corp. (NASDAQ:JJSF) last issued its earnings results on Monday, July 25th. The company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.06. The firm earned $278 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 earnings per share. On average, analysts anticipate that J&J Snack Foods Corp. will post $4.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.31%. The ex-dividend date is Tuesday, September 13th. J&J Snack Foods Corp.’s payout ratio is 39.20%.

Several research analysts have recently issued reports on JJSF shares. KeyCorp assumed coverage on shares of J&J Snack Foods Corp. in a research note on Monday, August 22nd. They issued a “sector weight” rating on the stock. Zacks Investment Research lowered shares of J&J Snack Foods Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Jefferies Group lifted 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 note on Wednesday, July 27th.

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

About J&J Snack Foods Corp.

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

Want to see what other hedge funds are holding JJSF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J&J Snack Foods Corp. (NASDAQ:JJSF).

Receive News & Ratings for J&J Snack Foods Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J&J Snack Foods Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.