Dean Capital Management Purchases Shares of 16,153 J & J Snack Foods Corp. $JJSF

Dean Capital Management acquired a new position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) in the 1st quarter, Holdings Channel.com reports. The firm acquired 16,153 shares of the company’s stock, valued at approximately $1,280,000.

A number of other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC bought a new position in shares of J & J Snack Foods during the first quarter worth approximately $228,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in J & J Snack Foods by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,079 shares of the company’s stock valued at $1,196,000 after buying an additional 397 shares in the last quarter. Millennium Management LLC grew its holdings in J & J Snack Foods by 122.1% in the 1st quarter. Millennium Management LLC now owns 72,625 shares of the company’s stock valued at $9,566,000 after buying an additional 39,933 shares in the last quarter. NewEdge Advisors LLC increased its position in J & J Snack Foods by 49.6% during the 1st quarter. NewEdge Advisors LLC now owns 3,376 shares of the company’s stock worth $445,000 after buying an additional 1,120 shares during the period. Finally, Jane Street Group LLC increased its position in J & J Snack Foods by 465.8% during the 1st quarter. Jane Street Group LLC now owns 25,746 shares of the company’s stock worth $3,391,000 after buying an additional 21,196 shares during the period. Institutional investors own 76.04% of the company’s stock.

J & J Snack Foods Stock Performance

Shares of J & J Snack Foods stock opened at $76.44 on Monday. The company has a market cap of $1.43 billion, a PE ratio of 25.65 and a beta of 0.38. The company has a 50 day moving average of $75.68 and a 200-day moving average of $81.27. J & J Snack Foods Corp. has a 1-year low of $68.87 and a 1-year high of $129.24.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. J & J Snack Foods had a net margin of 3.75% and a return on equity of 9.01%. The business had revenue of $344.82 million for the quarter, compared to analysts’ expectations of $349.67 million. During the same period last year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts forecast that J & J Snack Foods Corp. will post 4 earnings per share for the current year.

J & J Snack Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 16th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, June 16th. J & J Snack Foods’s dividend payout ratio (DPR) is currently 107.38%.

Analyst Ratings Changes

JJSF has been the subject of a number of research reports. Zacks Research downgraded J & J Snack Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of J & J Snack Foods in a research note on Wednesday, June 24th. Finally, Benchmark cut their price objective 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. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $120.00.

J & J Snack Foods 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.