Amalgamated Bank Purchases 98 Shares of J & J Snack Foods Corp. (JJSF)

Amalgamated Bank lifted its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,082 shares of the company’s stock after acquiring an additional 98 shares during the quarter. Amalgamated Bank’s holdings in J & J Snack Foods Corp. were worth $275,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JJSF. Tower Research Capital LLC TRC boosted its holdings in shares of 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 valued at $144,000 after acquiring an additional 651 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of J & J Snack Foods Corp. during the 1st quarter valued at $176,000. Riverhead Capital Management LLC boosted its holdings in shares of 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 valued at $198,000 after acquiring an additional 400 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of J & J Snack Foods Corp. by 4.6% during the 1st quarter. Victory Capital Management Inc. now owns 1,639 shares of the company’s stock valued at $222,000 after acquiring an additional 72 shares in the last quarter. Finally, Benedict Financial Advisors Inc. boosted its holdings in shares of J & J Snack Foods Corp. by 0.5% during the 2nd quarter. Benedict Financial Advisors Inc. now owns 2,253 shares of the company’s stock valued at $308,000 after acquiring an additional 11 shares in the last quarter. 67.52% of the stock is currently owned by institutional investors.

J & J Snack Foods Corp. (NASDAQ:JJSF) opened at 131.12 on Thursday. J & J Snack Foods Corp. has a 12 month low of $102.81 and a 12 month high of $143.21. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 32.70 and a beta of 0.75. The company’s 50-day moving average price is $128.50 and its 200 day moving average price is $131.36.

J & J Snack Foods Corp. (NASDAQ:JJSF) last announced its earnings results on Monday, July 24th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.15). J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The company had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $297.83 million. During the same quarter last year, the firm posted $1.43 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Analysts forecast that J & J Snack Foods Corp. will post $4.19 EPS for the current fiscal year.

J & J Snack Foods Corp. announced that its board has initiated a stock repurchase plan on Friday, August 4th that allows the company to buyback 500,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared 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 of this dividend was Wednesday, September 13th. This represents a $1.68 annualized dividend and a yield of 1.28%. J & J Snack Foods Corp.’s payout ratio is 41.90%.

Several 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 report on Wednesday, October 4th. BidaskClub raised J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 24th.

ILLEGAL ACTIVITY WARNING: “Amalgamated Bank Purchases 98 Shares of J & J Snack Foods Corp. (JJSF)” was reported by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at https://www.themarketsdaily.com/2017/10/12/amalgamated-bank-purchases-98-shares-of-j-j-snack-foods-corp-jjsf.html.

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.

Institutional Ownership by Quarter for J & J Snack Foods Corp. (NASDAQ:JJSF)

Receive News & Ratings for J & J Snack Foods Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J & J Snack Foods Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply