Champlain Investment Partners LLC Grows Stake in J & J Snack Foods Corp (NASDAQ:JJSF)

Champlain Investment Partners LLC grew its holdings in J & J Snack Foods Corp (NASDAQ:JJSF) by 3.0% during the 1st quarter, Holdings Channel reports. The firm owned 160,210 shares of the company’s stock after buying an additional 4,655 shares during the period. Champlain Investment Partners LLC’s holdings in J & J Snack Foods were worth $25,448,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of J & J Snack Foods by 0.5% in the first quarter. BlackRock Inc. now owns 2,173,362 shares of the company’s stock valued at $345,216,000 after purchasing an additional 10,652 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of J & J Snack Foods by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 447,623 shares of the company’s stock valued at $71,101,000 after purchasing an additional 3,175 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of J & J Snack Foods by 38.0% in the first quarter. Wells Fargo & Company MN now owns 407,241 shares of the company’s stock valued at $64,687,000 after purchasing an additional 112,038 shares during the last quarter. Atlanta Capital Management Co. L L C grew its position in shares of J & J Snack Foods by 22.8% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 396,135 shares of the company’s stock valued at $57,277,000 after purchasing an additional 73,611 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of J & J Snack Foods by 0.7% in the first quarter. Janus Henderson Group PLC now owns 283,054 shares of the company’s stock valued at $44,960,000 after purchasing an additional 1,982 shares during the last quarter. Institutional investors and hedge funds own 73.69% of the company’s stock.

Several analysts have recently commented on JJSF shares. Zacks Investment Research upgraded shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $185.00 price target on the stock in a research report on Thursday, May 23rd. BidaskClub upgraded shares of J & J Snack Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th.

Shares of NASDAQ JJSF opened at $164.30 on Friday. J & J Snack Foods Corp has a 1 year low of $138.40 and a 1 year high of $167.50. The company has a market cap of $3.09 billion, a P/E ratio of 35.97 and a beta of 0.43.

J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Monday, April 29th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.06. J & J Snack Foods had a net margin of 7.57% and a return on equity of 11.30%. The firm had revenue of $276.30 million for the quarter, compared to analyst estimates of $272.30 million. During the same quarter last year, the business earned $0.95 earnings per share. J & J Snack Foods’s revenue was up 3.8% compared to the same quarter last year. Analysts forecast that J & J Snack Foods Corp will post 4.93 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 11th. This represents a $2.00 dividend on an annualized basis and a yield of 1.22%. J & J Snack Foods’s dividend payout ratio (DPR) is currently 49.26%.

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J & J Snack Foods Profile

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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Institutional Ownership by Quarter for J & J Snack Foods (NASDAQ:JJSF)

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