Bessemer Group Inc. Raises Holdings in J & J Snack Foods Corp. (JJSF)

Bessemer Group Inc. grew its stake in J & J Snack Foods Corp. (NASDAQ:JJSF) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,254 shares of the company’s stock after purchasing an additional 456 shares during the quarter. Bessemer Group Inc. owned about 0.10% of J & J Snack Foods Corp. worth $2,396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acrospire Investment Management LLC bought a new position in J & J Snack Foods Corp. in the 2nd quarter worth $130,000. Riverhead Capital Management LLC increased its stake in shares of J & J Snack Foods Corp. by 36.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,500 shares of the company’s stock worth $198,000 after acquiring an additional 400 shares in the last quarter. Brightworth bought a new position in shares of J & J Snack Foods Corp. in the 3rd quarter worth about $210,000. Quantbot Technologies LP increased its stake in shares of J & J Snack Foods Corp. by 2,268.4% in the 2nd quarter. Quantbot Technologies LP now owns 1,800 shares of the company’s stock worth $237,000 after acquiring an additional 1,724 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of J & J Snack Foods Corp. by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 1,928 shares of the company’s stock worth $255,000 after acquiring an additional 289 shares in the last quarter. Institutional investors and hedge funds own 67.48% of the company’s stock.

Several research analysts recently issued reports on the stock. BidaskClub upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC set a $125.00 price target on shares of J & J Snack Foods Corp. and gave the stock a “hold” rating in a research note on Sunday, October 29th. Finally, Zacks Investment Research upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th.

J & J Snack Foods Corp. (NASDAQ JJSF) opened at $137.45 on Tuesday. The stock has a market cap of $2,517.64, a PE ratio of 32.12 and a beta of 0.75. J & J Snack Foods Corp. has a 12 month low of $118.10 and a 12 month high of $143.21.

J & J Snack Foods Corp. (NASDAQ:JJSF) last issued its quarterly earnings results on Thursday, November 9th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The company had revenue of $316.73 million during the quarter, compared to analyst estimates of $287.91 million. J & J Snack Foods Corp. had a net margin of 7.30% and a return on equity of 11.91%. J & J Snack Foods Corp.’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period last year, the business earned $1.10 EPS. equities analysts expect that J & J Snack Foods Corp. will post 4.48 EPS for the current year.

J & J Snack Foods Corp. announced that its Board of Directors has approved a stock buyback plan on Friday, August 4th that permits the company to buyback 500,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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J & J Snack Foods Corp. 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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Institutional Ownership by Quarter for J & J Snack Foods Corp. (NASDAQ:JJSF)

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