MQS Management LLC Sells 237 Shares of J & J Snack Foods Corp. $JJSF

MQS Management LLC lowered its position in J & J Snack Foods Corp. (NASDAQ:JJSF) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,848 shares of the company’s stock after selling 237 shares during the period. MQS Management LLC’s holdings in J & J Snack Foods were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D lifted its stake in J & J Snack Foods by 14.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 16,727 shares of the company’s stock worth $1,897,000 after purchasing an additional 2,056 shares during the last quarter. AlphaQuest LLC bought a new stake in J & J Snack Foods in the second quarter worth about $59,000. Caitong International Asset Management Co. Ltd lifted its stake in J & J Snack Foods by 243.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the company’s stock worth $48,000 after purchasing an additional 302 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in J & J Snack Foods in the second quarter worth about $273,000. Finally, Bernzott Capital Advisors lifted its stake in J & J Snack Foods by 22.3% in the second quarter. Bernzott Capital Advisors now owns 66,382 shares of the company’s stock worth $7,528,000 after purchasing an additional 12,119 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

Analyst Ratings Changes

JJSF has been the subject of several analyst reports. Wall Street Zen raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research raised shares of J & J Snack Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, October 24th. Finally, Weiss Ratings lowered shares of J & J Snack Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $142.50.

J & J Snack Foods Stock Down 0.6%

Shares of JJSF stock opened at $90.49 on Wednesday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 21.09 and a beta of 0.38. The company’s 50 day moving average is $101.03 and its 200 day moving average is $112.14. J & J Snack Foods Corp. has a 52-week low of $89.93 and a 52-week high of $180.80.

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

J & J Snack Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 16th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.78. This represents a $3.20 annualized dividend and a yield of 3.5%. J & J Snack Foods’s dividend payout ratio is 74.59%.

J & J Snack Foods Company 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.