J & J Snack Foods Corp. (NASDAQ:JJSF) Shares Bought by Lowell Blake & Associates Inc.

Lowell Blake & Associates Inc. lifted its position in J & J Snack Foods Corp. (NASDAQ:JJSF) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,522 shares of the company’s stock after acquiring an additional 282 shares during the quarter. J & J Snack Foods accounts for approximately 1.2% of Lowell Blake & Associates Inc.’s holdings, making the stock its 27th largest position. Lowell Blake & Associates Inc. owned 0.09% of J & J Snack Foods worth $2,678,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in J & J Snack Foods during the 2nd quarter valued at approximately $29,000. Cullen Frost Bankers Inc. acquired a new position in J & J Snack Foods during the 2nd quarter valued at approximately $32,000. Federated Hermes Inc. acquired a new position in J & J Snack Foods during the 2nd quarter valued at approximately $76,000. Heritage Wealth Management LLC raised its stake in J & J Snack Foods by 55.0% during the 2nd quarter. Heritage Wealth Management LLC now owns 485 shares of the company’s stock valued at $85,000 after acquiring an additional 172 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in J & J Snack Foods during the 2nd quarter valued at $108,000. Institutional investors and hedge funds own 94.40% of the company’s stock.

JJSF opened at $142.15 on Friday. J & J Snack Foods Corp. has a one year low of $140.27 and a one year high of $181.71. The stock’s fifty day moving average is $153.33 and its 200-day moving average is $163.41. The company has a market capitalization of $2.71 billion, a PE ratio of 49.02 and a beta of 0.57.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Monday, November 15th. The company reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.29). J & J Snack Foods had a return on equity of 6.85% and a net margin of 4.86%. The firm had revenue of $323.06 million during the quarter, compared to the consensus estimate of $313.30 million. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. Research analysts expect that J & J Snack Foods Corp. will post 4.4 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 11th. Investors of record on Monday, December 20th will be issued a $0.633 dividend. This represents a $2.53 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, December 17th. J & J Snack Foods’s payout ratio is 87.24%.

Separately, Zacks Investment Research downgraded J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 3rd.

J & J Snack Foods Profile

J&J Snack Foods Corp. manufactures nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products, and baked goods.

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

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