D.B. Root & Company LLC Acquires New Position in J & J Snack Foods Corp. $JJSF

D.B. Root & Company LLC bought a new position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,662 shares of the company’s stock, valued at approximately $783,000. D.B. Root & Company LLC owned about 0.06% of J & J Snack Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of JJSF. Allworth Financial LP lifted its stake in shares of J & J Snack Foods by 485.1% during the 4th quarter. Allworth Financial LP now owns 275 shares of the company’s stock worth $25,000 after purchasing an additional 228 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of J & J Snack Foods by 1,133.3% during the fourth quarter. Global Retirement Partners LLC now owns 333 shares of the company’s stock worth $30,000 after purchasing an additional 306 shares during the last quarter. IFP Advisors Inc lifted its position in J & J Snack Foods by 1,450.0% during the fourth quarter. IFP Advisors Inc now owns 341 shares of the company’s stock worth $31,000 after buying an additional 319 shares during the period. Smartleaf Asset Management LLC lifted its position in J & J Snack Foods by 58.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 404 shares of the company’s stock worth $36,000 after buying an additional 149 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in J & J Snack Foods in the 2nd quarter worth about $39,000. 76.04% of the stock is owned by hedge funds and other institutional investors.

J & J Snack Foods Price Performance

JJSF stock opened at $88.84 on Wednesday. The firm has a market cap of $1.67 billion, a P/E ratio of 34.17 and a beta of 0.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.47 and a current ratio of 2.34. J & J Snack Foods Corp. has a 1 year low of $68.87 and a 1 year high of $116.32. The stock has a 50-day simple moving average of $78.97 and a 200-day simple moving average of $80.08.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data 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. The company had revenue of $425.96 million during the quarter, compared to the consensus estimate of $427.65 million. J & J Snack Foods had a net margin of 3.23% and a return on equity of 8.93%. J & J Snack Foods’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $2.00 earnings per share. On average, equities analysts predict that J & J Snack Foods Corp. will post 3.98 earnings per share for the current fiscal year.

J & J Snack Foods Announces Dividend

The company also recently declared 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 3.6%. J & J Snack Foods’s payout ratio is 123.08%.

Analysts Set New Price Targets

JJSF has been the subject of several recent analyst reports. Jefferies Financial Group upgraded J & J Snack Foods from a “hold” rating to a “buy” rating and lifted their price target for the company from $81.00 to $101.00 in a report on Thursday, August 6th. Zacks Research cut shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a report on Wednesday, June 24th. Finally, Benchmark lowered their target price on shares of J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating for the company in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $110.50.

J & J Snack Foods Company Profile

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.