J & J Snack Foods Corp (JJSF) Short Interest Update

J & J Snack Foods Corp (NASDAQ:JJSF) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,260,789 shares, an increase of 39.5% from the January 15th total of 903,518 shares. Based on an average daily volume of 120,584 shares, the days-to-cover ratio is currently 10.5 days. Currently, 8.4% of the shares of the stock are sold short.

Several research firms have recently weighed in on JJSF. Zacks Investment Research cut shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $145.00 price target on shares of J & J Snack Foods in a report on Thursday, January 31st. Finally, BidaskClub cut shares of J & J Snack Foods from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $145.00.

In other news, insider Robert Joseph Pape sold 2,100 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $153.68, for a total value of $322,728.00. Following the transaction, the insider now owns 12,281 shares of the company’s stock, valued at $1,887,344.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gerald B. Shreiber sold 2,435 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $156.29, for a total transaction of $380,566.15. Following the completion of the transaction, the insider now directly owns 3,563,985 shares in the company, valued at approximately $557,015,215.65. The disclosure for this sale can be found here. Corporate insiders own 21.00% of the company’s stock.

A number of large investors have recently made changes to their positions in JJSF. Millennium Management LLC purchased a new position in J & J Snack Foods in the second quarter worth $710,000. Bank of New York Mellon Corp grew its position in J & J Snack Foods by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 223,220 shares of the company’s stock worth $34,035,000 after acquiring an additional 1,582 shares in the last quarter. Northern Trust Corp grew its position in J & J Snack Foods by 1.7% in the second quarter. Northern Trust Corp now owns 224,346 shares of the company’s stock worth $34,206,000 after acquiring an additional 3,688 shares in the last quarter. NJ State Employees Deferred Compensation Plan purchased a new position in J & J Snack Foods in the third quarter worth $302,000. Finally, Aperio Group LLC grew its position in J & J Snack Foods by 6.8% in the third quarter. Aperio Group LLC now owns 11,293 shares of the company’s stock worth $1,704,000 after acquiring an additional 723 shares in the last quarter. Institutional investors own 75.18% of the company’s stock.

J & J Snack Foods stock opened at $157.84 on Thursday. J & J Snack Foods has a fifty-two week low of $125.98 and a fifty-two week high of $162.84. The firm has a market capitalization of $2.99 billion, a PE ratio of 38.88, a PEG ratio of 3.26 and a beta of 0.51.

J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Monday, January 28th. The company reported $0.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.88. J & J Snack Foods had a net margin of 7.41% and a return on equity of 10.95%. The company had revenue of $271.60 million during the quarter, compared to analyst estimates of $271.75 million. During the same period in the previous year, the business earned $0.77 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts expect that J & J Snack Foods will post 4.88 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 14th will be given a $0.50 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $2.00 annualized dividend and a yield of 1.27%. J & J Snack Foods’s dividend payout ratio (DPR) is presently 49.26%.

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About J & J Snack Foods

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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