Sei Investments Co. Has $9.72 Million Stock Position in J & J Snack Foods Corp. $JJSF

Sei Investments Co. lifted its position in J & J Snack Foods Corp. (NASDAQ:JJSF) by 25.7% during the 1st quarter, Holdings Channel reports. The firm owned 122,577 shares of the company’s stock after buying an additional 25,038 shares during the quarter. Sei Investments Co.’s holdings in J & J Snack Foods were worth $9,717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Royce & Associates LP bought a new position in shares of J & J Snack Foods in the fourth quarter worth about $29,596,000. Goldman Sachs Group Inc. grew its stake in shares of J & J Snack Foods by 295.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 171,718 shares of the company’s stock worth $15,518,000 after purchasing an additional 128,301 shares during the period. Two Sigma Investments LP increased its stake in shares of J & J Snack Foods by 962.0% in the 3rd quarter. Two Sigma Investments LP now owns 107,202 shares of the company’s stock valued at $10,301,000 after acquiring an additional 97,108 shares during the last quarter. Russell Investments Group Ltd. increased its stake in J & J Snack Foods by 3,379.2% in the fourth quarter. Russell Investments Group Ltd. now owns 87,016 shares of the company’s stock valued at $7,864,000 after purchasing an additional 84,515 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in J & J Snack Foods by 14.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 624,021 shares of the company’s stock worth $49,468,000 after buying an additional 79,093 shares during the period. 76.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Wednesday, June 24th. Zacks Research downgraded shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Finally, Benchmark dropped their price objective on J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, J & J Snack Foods currently has a consensus rating of “Reduce” and an average target price of $120.00.

J & J Snack Foods Price Performance

NASDAQ JJSF opened at $76.50 on Friday. The business has a fifty day moving average price of $76.12 and a two-hundred day moving average price of $80.85. The stock has a market capitalization of $1.43 billion, a PE ratio of 25.67 and a beta of 0.38. J & J Snack Foods Corp. has a fifty-two week low of $68.87 and a fifty-two week high of $129.24.

J & J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Wednesday, May 6th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $344.82 million for the quarter, compared to analyst estimates of $349.67 million. J & J Snack Foods had a net margin of 3.75% and a return on equity of 9.01%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. As a group, sell-side analysts expect that J & J Snack Foods Corp. will post 4 earnings per share for the current year.

J & J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 16th were given a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. J & J Snack Foods’s dividend payout ratio (DPR) is 107.38%.

J & J Snack Foods Profile

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.