D.B. Root & Company LLC Has $981,000 Holdings in J & J Snack Foods Corp. $JJSF

D.B. Root & Company LLC lessened its holdings in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,646 shares of the company’s stock after selling 277 shares during the quarter. D.B. Root & Company LLC’s holdings in J & J Snack Foods were worth $981,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in J & J Snack Foods by 1.3% during the first quarter. Vanguard Group Inc. now owns 1,673,976 shares of the company’s stock worth $220,496,000 after buying an additional 20,803 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in J & J Snack Foods by 1.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,629,344 shares of the company’s stock worth $216,035,000 after buying an additional 24,139 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of J & J Snack Foods by 21.1% in the first quarter. Westwood Holdings Group Inc. now owns 610,477 shares of the company’s stock valued at $80,412,000 after purchasing an additional 106,459 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of J & J Snack Foods by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 188,327 shares of the company’s stock valued at $24,806,000 after purchasing an additional 2,658 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of J & J Snack Foods by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 162,460 shares of the company’s stock valued at $21,399,000 after purchasing an additional 1,565 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

Analyst Upgrades and Downgrades

JJSF has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of J & J Snack Foods in a research report on Saturday, September 27th. Wall Street Zen raised J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $142.50.

J & J Snack Foods Stock Performance

Shares of JJSF opened at $96.80 on Monday. J & J Snack Foods Corp. has a 52 week low of $94.13 and a 52 week high of $180.80. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 22.56 and a beta of 0.38. The stock has a fifty day moving average of $107.79 and a 200-day moving average of $116.60.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.26. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The company had revenue of $454.30 million during the quarter, compared to analysts’ expectations of $445.98 million. During the same period in the prior year, the company earned $1.98 EPS. J & J Snack Foods’s revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts forecast that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 16th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 16th. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.78. J & J Snack Foods’s dividend payout ratio is currently 74.59%.

J & J Snack Foods Profile

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.