DAVENPORT & Co LLC Increases Stock Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

DAVENPORT & Co LLC grew its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 11.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 217,553 shares of the company’s stock after purchasing an additional 23,196 shares during the quarter. DAVENPORT & Co LLC’s holdings in J&J Snack Foods were worth $31,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Fidelis Capital Partners LLC bought a new position in shares of J&J Snack Foods in the first quarter worth about $29,000. YHB Investment Advisors Inc. bought a new stake in J&J Snack Foods during the 1st quarter worth approximately $44,000. Newbridge Financial Services Group Inc. bought a new stake in J&J Snack Foods during the 1st quarter worth approximately $69,000. USA Financial Formulas purchased a new position in J&J Snack Foods during the fourth quarter valued at approximately $105,000. Finally, International Assets Investment Management LLC bought a new position in shares of J&J Snack Foods in the fourth quarter worth approximately $196,000. Institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Price Performance

NASDAQ JJSF traded down $3.34 during trading hours on Thursday, reaching $163.82. The company’s stock had a trading volume of 153,136 shares, compared to its average volume of 92,360. J&J Snack Foods Corp. has a 1 year low of $133.23 and a 1 year high of $177.71. The firm’s 50-day moving average price is $162.56 and its 200-day moving average price is $153.58. The company has a quick ratio of 1.33, a current ratio of 2.41 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 37.65 and a beta of 0.61.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. J&J Snack Foods had a return on equity of 10.71% and a net margin of 5.45%. The company had revenue of $359.73 million during the quarter, compared to analyst estimates of $341.08 million. During the same period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts predict that J&J Snack Foods Corp. will post 5.29 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 18th were paid a $0.735 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 1.79%. J&J Snack Foods’s payout ratio is currently 66.22%.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and set a $195.00 price objective on shares of J&J Snack Foods in a research report on Tuesday, May 7th.

Insider Activity

In other J&J Snack Foods news, VP Robert Cranmer sold 2,278 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $162.03, for a total transaction of $369,104.34. Following the sale, the vice president now directly owns 872 shares of the company’s stock, valued at $141,290.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 22.20% of the company’s stock.

J&J Snack Foods Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.