Envestnet Portfolio Solutions Inc. Purchases Shares of 2,443 J & J Snack Foods Corp. $JJSF

Envestnet Portfolio Solutions Inc. purchased a new stake in J & J Snack Foods Corp. (NASDAQ:JJSF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,443 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors have also recently made changes to their positions in JJSF. Parallel Advisors LLC grew its position in shares of J & J Snack Foods by 198.9% in the 2nd quarter. Parallel Advisors LLC now owns 529 shares of the company’s stock valued at $60,000 after buying an additional 352 shares during the last quarter. GAMMA Investing LLC grew its position in shares of J & J Snack Foods by 94.4% in the 2nd quarter. GAMMA Investing LLC now owns 700 shares of the company’s stock valued at $79,000 after buying an additional 340 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of J & J Snack Foods by 31.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company’s stock valued at $81,000 after buying an additional 145 shares during the last quarter. CWM LLC grew its position in shares of J & J Snack Foods by 301.3% in the 1st quarter. CWM LLC now owns 634 shares of the company’s stock valued at $84,000 after buying an additional 476 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of J & J Snack Foods by 519.3% in the 2nd quarter. Signaturefd LLC now owns 929 shares of the company’s stock valued at $105,000 after buying an additional 779 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

J & J Snack Foods Price Performance

Shares of NASDAQ:JJSF opened at $92.21 on Friday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 21.49 and a beta of 0.38. The business’s 50-day moving average is $102.34 and its 200-day moving average is $113.25. J & J Snack Foods Corp. has a 1 year low of $91.30 and a 1 year high of $180.80.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.26. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The company had revenue of $454.30 million for the quarter, compared to the consensus estimate of $445.98 million. During the same period in the previous year, the business earned $1.98 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 16th were paid a dividend of $0.80 per share. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $3.20 dividend on an annualized basis and a yield of 3.5%. J & J Snack Foods’s dividend payout ratio (DPR) is currently 74.59%.

Analyst Upgrades and Downgrades

JJSF has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of J & J Snack Foods in a research report on Wednesday, October 8th. Wall Street Zen raised J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, J & J Snack Foods has an average rating of “Hold” and a consensus price target of $142.50.

About J & J Snack Foods

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.