Nationwide Fund Advisors Buys 3,560 Shares of J & J Snack Foods Corp. (JJSF)

Nationwide Fund Advisors lifted its stake in J & J Snack Foods Corp. (NASDAQ:JJSF) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,208 shares of the company’s stock after purchasing an additional 3,560 shares during the period. Nationwide Fund Advisors owned about 0.49% of J & J Snack Foods worth $11,976,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Voya Investment Management LLC boosted its holdings in J & J Snack Foods by 6.7% in the second quarter. Voya Investment Management LLC now owns 7,640 shares of the company’s stock valued at $1,009,000 after purchasing an additional 479 shares during the period. Aberdeen Asset Management PLC UK boosted its holdings in J & J Snack Foods by 21.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 274,425 shares of the company’s stock valued at $36,244,000 after purchasing an additional 48,273 shares during the period. Vanguard Group Inc. boosted its holdings in J & J Snack Foods by 1.5% in the second quarter. Vanguard Group Inc. now owns 1,526,892 shares of the company’s stock valued at $201,656,000 after purchasing an additional 22,527 shares during the period. Virginia Retirement Systems ET AL raised its stake in J & J Snack Foods by 59.3% in the second quarter. Virginia Retirement Systems ET AL now owns 12,900 shares of the company’s stock valued at $1,704,000 after buying an additional 4,800 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in J & J Snack Foods by 11.1% in the second quarter. New York State Common Retirement Fund now owns 17,946 shares of the company’s stock valued at $2,370,000 after buying an additional 1,799 shares in the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

Shares of J & J Snack Foods Corp. (JJSF) opened at $150.07 on Monday. J & J Snack Foods Corp. has a 52 week low of $119.81 and a 52 week high of $152.21. The firm has a market capitalization of $2,800.91, a price-to-earnings ratio of 35.73 and a beta of 0.80.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Thursday, November 9th. The company reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.04. J & J Snack Foods had a return on equity of 11.91% and a net margin of 7.30%. The company had revenue of $316.73 million for the quarter, compared to analysts’ expectations of $287.91 million. During the same period last year, the firm earned $1.10 earnings per share. J & J Snack Foods’s quarterly revenue was up 20.8% on a year-over-year basis. research analysts forecast that J & J Snack Foods Corp. will post 4.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 13th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This is a boost from J & J Snack Foods’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a yield of 1.20%. J & J Snack Foods’s dividend payout ratio (DPR) is currently 40.00%.

A number of research firms have weighed in on JJSF. Zacks Investment Research cut J & J Snack Foods from a “hold” rating to a “sell” rating in a research note on Saturday, November 18th. Jefferies Group set a $130.00 price target on J & J Snack Foods and gave the company a “hold” rating in a research note on Thursday, November 16th.

ILLEGAL ACTIVITY NOTICE: “Nationwide Fund Advisors Buys 3,560 Shares of J & J Snack Foods Corp. (JJSF)” was reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://weekherald.com/2017/12/04/nationwide-fund-advisors-buys-3560-shares-of-j-j-snack-foods-corp-jjsf.html.

J & J Snack Foods 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 (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.

Leave a Reply