RK Asset Management LLC Sells 105 Shares of J & J Snack Foods Corp. $JJSF

RK Asset Management LLC trimmed its stake in J & J Snack Foods Corp. (NASDAQ:JJSF) by 0.4% in the second quarter, HoldingsChannel reports. The firm owned 29,804 shares of the company’s stock after selling 105 shares during the period. J & J Snack Foods makes up about 3.3% of RK Asset Management LLC’s portfolio, making the stock its 17th largest position. RK Asset Management LLC’s holdings in J & J Snack Foods were worth $3,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JJSF. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of J & J Snack Foods by 22.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,554 shares of the company’s stock worth $5,205,000 after purchasing an additional 6,068 shares in the last quarter. GAMMA Investing LLC raised its stake in J & J Snack Foods by 7,763.8% during the 1st quarter. GAMMA Investing LLC now owns 47,419 shares of the company’s stock worth $6,246,000 after buying an additional 46,816 shares during the period. Rhumbline Advisers boosted its holdings in J & J Snack Foods by 1.8% in the first quarter. Rhumbline Advisers now owns 43,350 shares of the company’s stock worth $5,710,000 after acquiring an additional 765 shares in the last quarter. Bridge City Capital LLC boosted its holdings in J & J Snack Foods by 37.9% in the first quarter. Bridge City Capital LLC now owns 22,853 shares of the company’s stock worth $3,010,000 after acquiring an additional 6,282 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in J & J Snack Foods by 26.5% in the first quarter. Exchange Traded Concepts LLC now owns 13,487 shares of the company’s stock valued at $1,777,000 after acquiring an additional 2,829 shares during the period. 76.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $142.50.

J & J Snack Foods Stock Performance

Shares of JJSF opened at $98.32 on Thursday. The firm has a market capitalization of $1.91 billion, a P/E ratio of 22.92 and a beta of 0.39. J & J Snack Foods Corp. has a 52 week low of $94.13 and a 52 week high of $180.80. The stock has a 50 day moving average price of $108.61 and a two-hundred day moving average price of $117.25.

J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Tuesday, August 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.26. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The company had revenue of $454.30 million for the quarter, compared to analysts’ expectations of $445.98 million. During the same quarter in the previous year, the firm earned $1.98 earnings per share. J & J Snack Foods’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that J & J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J & J Snack Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 16th will be issued a $0.80 dividend. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.78. This represents a $3.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 16th. J & J Snack Foods’s dividend payout ratio is currently 74.59%.

About J & J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.