J&J Snack Foods Corp. (NASDAQ:JJSF) Director Gerald B. Shreiber Sells 20,000 Shares of Stock

J&J Snack Foods Corp. (NASDAQ:JJSF) Director Gerald B. Shreiber sold 20,000 shares of the stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

J&J Snack Foods Trading Down 0.1 %

JJSF stock opened at $170.39 on Thursday. J&J Snack Foods Corp. has a one year low of $133.23 and a one year high of $176.38. The company has a market capitalization of $3.30 billion, a PE ratio of 38.38 and a beta of 0.61. The company’s 50 day moving average price is $167.68 and its two-hundred day moving average price is $156.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.39 and a current ratio of 2.27.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, August 5th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.01). J&J Snack Foods had a return on equity of 10.70% and a net margin of 5.49%. The business had revenue of $439.96 million during the quarter, compared to the consensus estimate of $440.92 million. During the same period in the prior year, the firm earned $1.92 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts predict that J&J Snack Foods Corp. will post 5.21 earnings per share for the current fiscal year.

J&J Snack Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Tuesday, September 17th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.83%. This is a positive change from J&J Snack Foods’s previous quarterly dividend of $0.74. The ex-dividend date is Tuesday, September 17th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 70.27%.

Institutional Trading of J&J Snack Foods

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans increased its stake in shares of J&J Snack Foods by 130.8% in the second quarter. Thrivent Financial for Lutherans now owns 535,831 shares of the company’s stock worth $87,003,000 after buying an additional 303,673 shares during the period. Norges Bank purchased a new position in shares of J&J Snack Foods in the fourth quarter valued at about $27,404,000. Westwood Holdings Group Inc. raised its stake in shares of J&J Snack Foods by 22.4% during the first quarter. Westwood Holdings Group Inc. now owns 542,945 shares of the company’s stock valued at $78,488,000 after acquiring an additional 99,264 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of J&J Snack Foods by 6.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,473,331 shares of the company’s stock worth $212,985,000 after purchasing an additional 95,684 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of J&J Snack Foods by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after purchasing an additional 71,378 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday, August 6th.

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.