Credit Suisse AG cut its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 3.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,915 shares of the company’s stock after selling 1,201 shares during the period. Credit Suisse AG owned 0.18% of J & J Snack Foods Corp. worth $4,598,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in JJSF. Guggenheim Capital LLC bought a new position in J & J Snack Foods Corp. during the fourth quarter worth about $1,918,000. Ladenburg Thalmann Financial Services Inc. boosted its position in J & J Snack Foods Corp. by 764.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 856 shares of the company’s stock worth $114,000 after buying an additional 757 shares in the last quarter. Norges Bank bought a new position in J & J Snack Foods Corp. during the fourth quarter worth about $20,320,000. Teachers Advisors LLC boosted its position in J & J Snack Foods Corp. by 10.0% in the fourth quarter. Teachers Advisors LLC now owns 26,606 shares of the company’s stock worth $3,550,000 after buying an additional 2,413 shares in the last quarter. Finally, WCM Investment Management CA boosted its position in J & J Snack Foods Corp. by 10.3% in the first quarter. WCM Investment Management CA now owns 2,410 shares of the company’s stock worth $327,000 after buying an additional 225 shares in the last quarter. Institutional investors own 67.78% of the company’s stock.
Shares of J & J Snack Foods Corp. (JJSF) traded down 0.28% on Friday, hitting $126.66. 74,059 shares of the company traded hands. The company has a market capitalization of $2.37 billion, a PE ratio of 31.59 and a beta of 0.72. The stock’s 50-day moving average price is $130.31 and its 200-day moving average price is $132.36. J & J Snack Foods Corp. has a 12 month low of $102.81 and a 12 month high of $143.21.
J & J Snack Foods Corp. (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, July 24th. The company reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.49 by $0.15. The business had revenue of $295.40 million for the quarter, compared to analyst estimates of $297.83 million. J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. On average, equities analysts predict that J & J Snack Foods Corp. will post $4.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Thursday, September 14th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, September 13th. J & J Snack Foods Corp.’s dividend payout ratio is currently 41.90%.
J & J Snack Foods Corp. announced that its Board of Directors has authorized a share buyback program on Friday, August 4th that allows the company to buyback 500,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
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A number of research analysts have issued reports on JJSF shares. Zacks Investment Research cut shares of J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 26th. BidaskClub raised shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 24th.
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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