J & J Snack Foods (NASDAQ:JJSF) Director Acquires $48,902.40 in Stock

J & J Snack Foods Corp. (NASDAQ:JJSF) Director Kathleen Ciaramello acquired 540 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were purchased at an average price of $90.56 per share, with a total value of $48,902.40. Following the transaction, the director owned 1,013 shares in the company, valued at $91,737.28. The trade was a 114.16% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

J & J Snack Foods Trading Down 0.4%

Shares of NASDAQ:JJSF traded down $0.38 during midday trading on Friday, hitting $90.81. The stock had a trading volume of 322,013 shares, compared to its average volume of 171,296. The company has a market capitalization of $1.77 billion, a PE ratio of 21.17 and a beta of 0.39. The stock has a 50 day moving average price of $92.29 and a two-hundred day moving average price of $106.68. J & J Snack Foods Corp. has a 1 year low of $80.67 and a 1 year high of $176.77.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, November 17th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.34. The firm had revenue of $410.24 million during the quarter, compared to analysts’ expectations of $424.08 million. J & J Snack Foods had a net margin of 5.24% and a return on equity of 8.79%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 earnings per share. As a group, equities analysts expect that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 16th. J & J Snack Foods’s dividend payout ratio is 95.52%.

Hedge Funds Weigh In On J & J Snack Foods

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. increased its stake in shares of J & J Snack Foods by 877.3% during the 1st quarter. Raymond James Financial Inc. now owns 42,484 shares of the company’s stock worth $5,597,000 after purchasing an additional 38,137 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in J & J Snack Foods by 29.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 210,926 shares of the company’s stock valued at $23,921,000 after buying an additional 48,466 shares during the last quarter. Envestnet Asset Management Inc. increased its position in J & J Snack Foods by 10.1% during the first quarter. Envestnet Asset Management Inc. now owns 26,615 shares of the company’s stock worth $3,506,000 after buying an additional 2,431 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in J & J Snack Foods during the first quarter worth $764,000. Finally, Invesco Ltd. raised its holdings in shares of J & J Snack Foods by 4.6% in the first quarter. Invesco Ltd. now owns 78,008 shares of the company’s stock worth $10,275,000 after acquiring an additional 3,442 shares during the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on JJSF shares. Weiss Ratings restated a “hold (c-)” rating on shares of J & J Snack Foods in a research note on Wednesday. Benchmark reduced their target price on J & J Snack Foods from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday. Wall Street Zen raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Zacks Research upgraded shares of J & J Snack Foods from a “strong sell” rating to a “hold” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $132.50.

J & J Snack Foods Company 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.