9,924 Shares in J & J Snack Foods Corp. $JJSF Bought by Freestone Grove Partners LP

Freestone Grove Partners LP purchased a new position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,924 shares of the company’s stock, valued at approximately $729,000.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of J & J Snack Foods by 485.1% in the 4th quarter. Allworth Financial LP now owns 275 shares of the company’s stock valued at $25,000 after purchasing an additional 228 shares during the period. Global Retirement Partners LLC lifted its stake in J & J Snack Foods by 1,133.3% in the 4th quarter. Global Retirement Partners LLC now owns 333 shares of the company’s stock valued at $30,000 after purchasing an additional 306 shares during the last quarter. IFP Advisors Inc lifted its stake in J & J Snack Foods by 1,450.0% in the 4th quarter. IFP Advisors Inc now owns 341 shares of the company’s stock valued at $31,000 after purchasing an additional 319 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in J & J Snack Foods by 58.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 404 shares of the company’s stock worth $36,000 after purchasing an additional 149 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in J & J Snack Foods during the second quarter worth about $39,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Benchmark lowered 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 report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Wednesday, June 24th. Jefferies Financial Group upgraded J & J Snack Foods from a “hold” rating to a “buy” rating and lifted their target price for the stock from $81.00 to $101.00 in a research note on Thursday, August 6th. Finally, Zacks Research lowered J & J Snack Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $110.50.

J & J Snack Foods Price Performance

Shares of JJSF opened at $89.26 on Monday. The company’s 50-day moving average is $80.90 and its 200-day moving average is $80.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.34 and a quick ratio of 1.47. The firm has a market capitalization of $1.67 billion, a PE ratio of 34.33 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 $112.78.

J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Wednesday, August 5th. The company reported $1.96 EPS for the quarter, topping the consensus estimate 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 business had revenue of $425.96 million during the quarter, compared to the consensus estimate of $427.65 million. During the same quarter in the previous year, the firm posted $2.00 EPS. J & J Snack Foods’s revenue was down 6.3% compared to the same quarter last year. Equities analysts forecast that J & J Snack Foods Corp. will post 3.98 EPS for the current year.

J & J Snack Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.80 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.20 annualized dividend and a yield of 3.6%. J & J Snack Foods’s dividend payout ratio (DPR) is 123.08%.

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.