Dynamic Technology Lab Private Ltd Makes New $764,000 Investment in J & J Snack Foods Corp. $JJSF

Key Points

• Dynamic Technology Lab Private Ltd acquired 5,800 shares of J & J Snack Foods Corp., valued at approximately $764,000, during the first quarter.
• J & J Snack Foods recently increased its quarterly dividend to $0.80 per share, representing a 3.0% yield and showing growth from the previous dividend of $0.78.
• Wall Street analysts have a consensus rating of "Moderate Buy" for J & J Snack Foods, with a target price of $142.50 per share.

Dynamic Technology Lab Private Ltd bought a new stake in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,800 shares of the company's stock, valued at approximately $764,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JJSF. Westwood Holdings Group Inc. raised its holdings in shares of J & J Snack Foods by 21.1% in the first quarter. Westwood Holdings Group Inc. now owns 610,477 shares of the company's stock valued at $80,412,000 after buying an additional 106,459 shares during the last quarter. GAMMA Investing LLC raised its holdings in J & J Snack Foods by 7,763.8% during the first quarter. GAMMA Investing LLC now owns 47,419 shares of the company's stock worth $6,246,000 after purchasing an additional 46,816 shares in the last quarter. Nuveen LLC purchased a new position in J & J Snack Foods during the first quarter worth about $5,384,000. Millennium Management LLC raised its holdings in J & J Snack Foods by 122.1% during the first quarter. Millennium Management LLC now owns 72,625 shares of the company's stock worth $9,566,000 after purchasing an additional 39,933 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in J & J Snack Foods by 877.3% during the first quarter. Raymond James Financial Inc. now owns 42,484 shares of the company's stock worth $5,597,000 after purchasing an additional 38,137 shares in the last quarter. 76.04% of the stock is owned by hedge funds and other institutional investors.

J & J Snack Foods Stock Down 3.5%

NASDAQ JJSF traded down $3.71 during trading hours on Friday, hitting $103.82. 92,903 shares of the stock were exchanged, compared to its average volume of 113,302. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 24.20 and a beta of 0.42. J & J Snack Foods Corp. has a 12-month low of $103.76 and a 12-month high of $180.80. The stock has a 50-day moving average of $113.21 and a 200 day moving average of $120.30.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.26. J & J Snack Foods had a net margin of 5.24% and a return on equity of 8.79%. The company had revenue of $454.30 million for the quarter, compared to analyst estimates of $445.98 million. During the same period in the prior year, the business posted $1.98 earnings per share. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that J & J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J & J Snack Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.80 per share. The ex-dividend date is Tuesday, September 16th. 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 yield of 3.1%. J & J Snack Foods's dividend payout ratio (DPR) is currently 72.73%.

Wall Street Analyst Weigh In

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

J & J Snack Foods Profile

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.