SG Americas Securities LLC Boosts Stock Holdings in J & J Snack Foods Corp. $JJSF

SG Americas Securities LLC raised its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 285.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,621 shares of the company’s stock after purchasing an additional 3,422 shares during the period. SG Americas Securities LLC’s holdings in J & J Snack Foods were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of J & J Snack Foods by 243.5% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the company’s stock valued at $48,000 after buying an additional 302 shares during the last quarter. AlphaQuest LLC bought a new stake in J & J Snack Foods in the 2nd quarter valued at about $59,000. Parallel Advisors LLC lifted its holdings in J & J Snack Foods by 198.9% during the second quarter. Parallel Advisors LLC now owns 529 shares of the company’s stock valued at $60,000 after purchasing an additional 352 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in J & J Snack Foods by 31.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company’s stock worth $81,000 after purchasing an additional 145 shares during the period. Finally, CWM LLC increased its stake in shares of J & J Snack Foods by 301.3% in the first quarter. CWM LLC now owns 634 shares of the company’s stock worth $84,000 after purchasing an additional 476 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors.

J & J Snack Foods Price Performance

JJSF opened at $92.44 on Thursday. The firm has a market capitalization of $1.80 billion, a P/E ratio of 21.55 and a beta of 0.39. J & J Snack Foods Corp. has a one year low of $80.67 and a one year high of $175.51. The company has a fifty day moving average price of $91.32 and a 200-day moving average price of $105.82.

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

J & J Snack Foods Announces Dividend

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

Insider Buying and Selling at J & J Snack Foods

In related news, Director Kathleen E. Ciaramello acquired 540 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were bought at an average cost of $90.56 per share, for a total transaction of $48,902.40. Following the completion of the transaction, the director owned 1,013 shares in the company, valued at approximately $91,737.28. This trade represents a 114.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 21.80% of the company’s stock.

Wall Street Analyst Weigh In

JJSF has been the topic of a number of recent research reports. Weiss Ratings cut shares of J & J Snack Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Zacks Research upgraded J & J Snack Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, October 24th. Wall Street Zen upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Benchmark dropped their price objective on J & J Snack Foods from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, J & J Snack Foods currently has a consensus rating of “Hold” and a consensus target price of $132.50.

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.