Landscape Capital Management L.L.C. Invests $665,000 in J&J Snack Foods Corp. (NASDAQ:JJSF)

Landscape Capital Management L.L.C. bought a new position in J&J Snack Foods Corp. (NASDAQ:JJSF) during the third quarter, Holdings Channel reports. The institutional investor bought 3,861 shares of the company’s stock, valued at approximately $665,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JJSF. Intech Investment Management LLC acquired a new stake in shares of J&J Snack Foods during the 3rd quarter worth approximately $654,000. Segall Bryant & Hamill LLC grew its stake in J&J Snack Foods by 5.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 24,960 shares of the company’s stock worth $4,296,000 after buying an additional 1,324 shares during the last quarter. Thrivent Financial for Lutherans increased its position in J&J Snack Foods by 19.9% in the third quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock worth $110,612,000 after buying an additional 106,817 shares during the period. Geneva Capital Management LLC lifted its stake in J&J Snack Foods by 1.4% in the third quarter. Geneva Capital Management LLC now owns 526,660 shares of the company’s stock valued at $90,649,000 after buying an additional 7,283 shares during the last quarter. Finally, Versor Investments LP acquired a new position in shares of J&J Snack Foods during the third quarter valued at $448,000. 76.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction dated Saturday, August 31st. The shares were sold at an average price of $167.95, for a total transaction of $3,359,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 22.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research report on Friday, November 15th.

J&J Snack Foods Price Performance

Shares of JJSF stock opened at $171.16 on Friday. J&J Snack Foods Corp. has a 12-month low of $133.23 and a 12-month high of $180.80. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 38.46 and a beta of 0.63. The business has a 50 day simple moving average of $168.66 and a 200 day simple moving average of $166.96.

J&J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Wednesday, November 13th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.25). J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. The company had revenue of $426.76 million during the quarter, compared to the consensus estimate of $428.33 million. During the same quarter in the prior year, the company earned $1.73 EPS. The business’s quarterly revenue was down 3.9% on a year-over-year basis. On average, equities analysts anticipate that J&J Snack Foods Corp. will post 5.49 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be given a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a yield of 1.82%. J&J Snack Foods’s dividend payout ratio (DPR) is 70.11%.

J&J Snack Foods Company 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.