Van Hulzen Asset Management LLC Raises Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Van Hulzen Asset Management LLC raised its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 8.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,184 shares of the company’s stock after buying an additional 566 shares during the period. Van Hulzen Asset Management LLC’s holdings in J&J Snack Foods were worth $1,166,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new stake in J&J Snack Foods during the first quarter valued at $29,000. YHB Investment Advisors Inc. purchased a new stake in shares of J&J Snack Foods during the 1st quarter valued at about $44,000. GAMMA Investing LLC lifted its stake in shares of J&J Snack Foods by 603.8% in the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock worth $59,000 after purchasing an additional 314 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of J&J Snack Foods in the first quarter worth approximately $69,000. Finally, Covestor Ltd grew its position in J&J Snack Foods by 54,200.0% during the first quarter. Covestor Ltd now owns 543 shares of the company’s stock valued at $78,000 after buying an additional 542 shares during the period. 76.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a research note on Tuesday, August 6th.

Insider Activity

In other J&J Snack Foods news, VP Mary Lou Kehoe sold 1,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total value of $254,385.00. Following the completion of the sale, the vice president now owns 742 shares in the company, valued at approximately $125,835.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Mary Lou Kehoe sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $169.59, for a total value of $254,385.00. Following the completion of the transaction, the vice president now owns 742 shares of the company’s stock, valued at $125,835.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction that occurred on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total value of $3,359,000.00. The disclosure for this sale can be found here. Insiders own 22.20% of the company’s stock.

J&J Snack Foods Stock Performance

NASDAQ:JJSF opened at $164.44 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.39 and a current ratio of 2.27. The stock has a 50-day simple moving average of $167.81 and a two-hundred day simple moving average of $156.81. The firm has a market capitalization of $3.19 billion, a PE ratio of 37.04 and a beta of 0.62. J&J Snack Foods Corp. has a 52-week low of $133.23 and a 52-week high of $176.38.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). J&J Snack Foods had a net margin of 5.49% and a return on equity of 10.70%. The company had revenue of $439.96 million for the quarter, compared to the consensus estimate of $440.92 million. During the same quarter last year, the firm posted $1.92 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Analysts forecast that J&J Snack Foods Corp. will post 5.21 EPS for the current year.

J&J Snack Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 17th will be paid a $0.78 dividend. The ex-dividend date is Tuesday, September 17th. This is a boost from J&J Snack Foods’s previous quarterly dividend of $0.74. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.90%. J&J Snack Foods’s dividend payout ratio is 70.27%.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.