Atlanta Capital Management Co. L L C grew its holdings in J & J Snack Foods Corp. (NASDAQ:JJSF) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,609 shares of the company’s stock after purchasing an additional 3,068 shares during the quarter. Atlanta Capital Management Co. L L C owned about 1.41% of J & J Snack Foods Corp. worth $34,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in JJSF. Acrospire Investment Management LLC acquired a new position in shares of J & J Snack Foods Corp. in the 2nd quarter valued at about $130,000. Tower Research Capital LLC TRC raised its stake in J & J Snack Foods Corp. by 158.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,061 shares of the company’s stock worth $144,000 after buying an additional 651 shares during the period. Ameritas Investment Partners Inc. acquired a new position in J & J Snack Foods Corp. during the 1st quarter worth approximately $176,000. Harfst & Associates Inc. acquired a new position in J & J Snack Foods Corp. during the 1st quarter worth approximately $196,000. Finally, Riverhead Capital Management LLC raised its stake in J & J Snack Foods Corp. by 36.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,500 shares of the company’s stock worth $198,000 after buying an additional 400 shares during the period. 67.52% of the stock is currently owned by institutional investors.
J & J Snack Foods Corp. (NASDAQ:JJSF) traded up 0.67% on Tuesday, reaching $131.41. The company had a trading volume of 5,524 shares. The company’s 50 day moving average is $128.27 and its 200-day moving average is $131.40. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 32.77 and a beta of 0.75. 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 posted its quarterly earnings data on Monday, July 24th. The company reported $1.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.15). The firm had revenue of $295.40 million for the quarter, compared to the consensus estimate of $297.83 million. J & J Snack Foods Corp. had a net margin of 7.33% and a return on equity of 11.55%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. On average, equities research analysts expect that J & J Snack Foods Corp. will post $4.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Thursday, September 14th were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, September 13th. This represents a $1.68 annualized dividend and a yield of 1.29%. J & J Snack Foods Corp.’s payout ratio is 41.90%.
J & J Snack Foods Corp. announced that its board has authorized a stock buyback plan on Friday, August 4th that permits the company to buyback 500,000 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
A number of research firms recently weighed in on JJSF. Zacks Investment Research raised J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub downgraded J & J Snack Foods Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th.
J & J Snack Foods Corp. Company 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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