Advisor Resource Council Makes New Investment in J & J Snack Foods Corp. (NASDAQ:JJSF)

Advisor Resource Council purchased a new stake in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,296 shares of the company's stock, valued at approximately $540,000.

Several other large investors have also recently bought and sold shares of JJSF. Smartleaf Asset Management LLC lifted its holdings in shares of J & J Snack Foods by 163.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock worth $50,000 after buying an additional 198 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of J & J Snack Foods in the fourth quarter valued at approximately $55,000. Huntington National Bank boosted its stake in shares of J & J Snack Foods by 25.4% in the fourth quarter. Huntington National Bank now owns 513 shares of the company's stock valued at $80,000 after buying an additional 104 shares during the period. Virtu Financial LLC acquired a new stake in J & J Snack Foods during the fourth quarter worth approximately $206,000. Finally, Cibc World Markets Corp bought a new position in J & J Snack Foods during the 4th quarter worth $221,000. 76.04% of the stock is owned by institutional investors.

J & J Snack Foods Stock Performance

Shares of J & J Snack Foods stock traded up $0.31 during trading on Tuesday, reaching $115.56. 182,767 shares of the company's stock were exchanged, compared to its average volume of 114,894. J & J Snack Foods Corp. has a 1-year low of $109.71 and a 1-year high of $180.80. The company has a market cap of $2.25 billion, a P/E ratio of 29.63 and a beta of 0.44. The firm's 50-day moving average price is $119.57 and its 200 day moving average price is $132.62.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.34). The business had revenue of $356.10 million during the quarter, compared to the consensus estimate of $369.01 million. J & J Snack Foods had a net margin of 4.79% and a return on equity of 8.78%. The business's revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. As a group, equities research analysts predict that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.70%. The ex-dividend date is Tuesday, June 17th. J & J Snack Foods's payout ratio is 80.00%.

Analyst Ratings Changes

Several research firms have recently issued reports on JJSF. Benchmark reduced their target price on J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen raised shares of J & J Snack Foods from a "sell" rating to a "hold" rating in a research report on Saturday.

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.