J & J Snack Foods Corp. (JJSF) Holdings Held by Weik Investment Services Inc.
Weik Investment Services Inc. continued to hold its stake in J & J Snack Foods Corp. (NASDAQ:JJSF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,950 shares of the company’s stock at the end of the 2nd quarter. Weik Investment Services Inc.’s holdings in J & J Snack Foods Corp. were worth $918,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. boosted its position in shares of J & J Snack Foods Corp. by 136,379.7% during the 1st quarter. BlackRock Inc. now owns 1,798,803 shares of the company’s stock worth $243,846,000 after purchasing an additional 1,797,485 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of J & J Snack Foods Corp. by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 1,504,365 shares of the company’s stock worth $203,931,000 after purchasing an additional 90,593 shares during the period. Aberdeen Asset Management PLC UK increased its holdings in shares of J & J Snack Foods Corp. by 21.3% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 274,425 shares of the company’s stock valued at $36,244,000 after purchasing an additional 48,273 shares in the last quarter. Ranger Investment Management L.P. increased its holdings in shares of J & J Snack Foods Corp. by 34.3% in the 1st quarter. Ranger Investment Management L.P. now owns 147,118 shares of the company’s stock valued at $19,943,000 after purchasing an additional 37,598 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of J & J Snack Foods Corp. by 6.1% in the 1st quarter. Macquarie Group Ltd. now owns 589,463 shares of the company’s stock valued at $79,908,000 after purchasing an additional 33,744 shares in the last quarter. 67.52% of the stock is currently owned by institutional investors.
Shares of J & J Snack Foods Corp. (NASDAQ:JJSF) traded up 0.92% during midday trading on Monday, hitting $132.51. The stock had a trading volume of 19,894 shares. The company has a market cap of $2.48 billion, a P/E ratio of 33.04 and a beta of 0.75. The firm has a 50 day moving average of $127.35 and a 200-day moving average of $131.88. J & J Snack Foods Corp. has a one year low of $102.81 and a one year high of $143.21.
J & J Snack Foods Corp. (NASDAQ:JJSF) last released its earnings results on Monday, July 24th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.15). The firm had revenue of $295.40 million during the quarter, compared to analyst estimates of $297.83 million. J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $1.43 earnings per share. On average, analysts forecast 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 of Directors has approved a stock repurchase program 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. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Thursday, September 14th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Wednesday, September 13th. J & J Snack Foods Corp.’s dividend payout ratio is presently 41.90%.
Several analysts recently commented on the stock. BidaskClub upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research lowered shares of J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 26th.
J & J Snack Foods Corp. Profile
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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