Bessemer Group Inc. increased its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 17,798 shares of the company’s stock after buying an additional 98 shares during the period. Bessemer Group Inc.’s holdings in J & J Snack Foods Corp. were worth $2,351,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in J & J Snack Foods Corp. by 10.0% in the fourth quarter. Teachers Advisors LLC now owns 26,606 shares of the company’s stock worth $3,550,000 after buying an additional 2,413 shares during the last quarter. WCM Investment Management CA raised its stake in J & J Snack Foods Corp. by 10.3% in the first quarter. WCM Investment Management CA now owns 2,410 shares of the company’s stock worth $327,000 after buying an additional 225 shares during the last quarter. Bank of Montreal Can raised its stake in J & J Snack Foods Corp. by 8.5% in the first quarter. Bank of Montreal Can now owns 1,319 shares of the company’s stock worth $179,000 after buying an additional 103 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in J & J Snack Foods Corp. by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the company’s stock worth $827,000 after buying an additional 100 shares during the last quarter. Finally, Legato Capital Management LLC raised its stake in J & J Snack Foods Corp. by 13,456.0% in the first quarter. Legato Capital Management LLC now owns 45,277 shares of the company’s stock worth $334,000 after buying an additional 44,943 shares during the last quarter. 67.97% of the stock is owned by institutional investors.

Shares of J & J Snack Foods Corp. (JJSF) opened at 128.60 on Thursday. J & J Snack Foods Corp. has a 12-month low of $102.81 and a 12-month high of $143.21. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 32.07 and a beta of 0.72. The firm has a 50 day moving average price of $131.18 and a 200-day moving average price of $132.46.

J & J Snack Foods Corp. (NASDAQ:JJSF) last released its earnings results on Monday, July 24th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by $0.15. J & J Snack Foods Corp. had a net margin of 7.33% and a return on equity of 11.55%. The firm had revenue of $295.40 million during the quarter, compared to analyst estimates of $297.83 million. During the same period in the previous year, the company earned $1.43 earnings per share. J & J Snack Foods Corp.’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts expect that J & J Snack Foods Corp. will post $4.19 earnings per share for the current fiscal year.

J & J Snack Foods Corp. announced that its board has approved a stock repurchase plan on Friday, August 4th that allows the company to repurchase 500,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Thursday, September 14th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, September 13th. J & J Snack Foods Corp.’s payout ratio is 41.90%.

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A number of analysts have commented on JJSF shares. BidaskClub raised J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research lowered J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 26th.

In related news, insider Robert Joseph Pape sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $131.29, for a total value of $393,870.00. Following the transaction, the insider now directly owns 15,221 shares of the company’s stock, valued at approximately $1,998,365.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 21.00% of the stock is owned by corporate insiders.

About J & J Snack Foods Corp.

J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.

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Institutional Ownership by Quarter for J & J Snack Foods Corp. (NASDAQ:JJSF)

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