J & J Snack Foods Corp. $JJSF Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in J & J Snack Foods Corp. (NASDAQ:JJSF) by 186.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,888 shares of the company’s stock after buying an additional 27,930 shares during the period. Quantinno Capital Management LP’s holdings in J & J Snack Foods were worth $3,400,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of J & J Snack Foods by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,000,911 shares of the company’s stock valued at $180,822,000 after acquiring an additional 31,612 shares in the last quarter. Principal Financial Group Inc. raised its holdings in J & J Snack Foods by 24.7% during the first quarter. Principal Financial Group Inc. now owns 92,900 shares of the company’s stock worth $7,364,000 after purchasing an additional 18,424 shares in the last quarter. Caxton Associates LLP purchased a new position in J & J Snack Foods during the first quarter worth about $1,834,000. Phocas Financial Corp. acquired a new stake in J & J Snack Foods in the fourth quarter valued at about $3,647,000. Finally, Dean Capital Management acquired a new stake in J & J Snack Foods in the first quarter valued at about $1,280,000. 76.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on JJSF shares. Jefferies Financial Group raised J & J Snack Foods from a “hold” rating to a “buy” rating and lifted their price objective for the company from $81.00 to $101.00 in a report on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a research note on Wednesday, June 24th. Zacks Research cut J & J Snack Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Finally, Benchmark decreased their price target 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. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, J & J Snack Foods presently has an average rating of “Hold” and an average price target of $110.50.

J & J Snack Foods Stock Performance

Shares of JJSF opened at $91.91 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.34 and a debt-to-equity ratio of 0.03. J & J Snack Foods Corp. has a 52-week low of $68.87 and a 52-week high of $116.32. The company has a 50-day simple moving average of $77.05 and a 200-day simple moving average of $80.45. The company has a market capitalization of $1.72 billion, a PE ratio of 35.35 and a beta of 0.38.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.26. J & J Snack Foods had a net margin of 3.23% and a return on equity of 8.93%. The firm had revenue of $425.96 million for the quarter, compared to the consensus estimate of $427.65 million. During the same quarter in the previous year, the firm earned $2.00 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. Equities research analysts predict that J & J Snack Foods Corp. will post 3.98 earnings per share for the current fiscal year.

J & J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $3.20 annualized dividend and a dividend yield of 3.5%. J & J Snack Foods’s payout ratio is 107.38%.

About J & J Snack Foods

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.