Bernzott Capital Advisors Grows Holdings in J & J Snack Foods Corp. $JJSF

Key Points

• Bernzott Capital Advisors has increased its stake in J & J Snack Foods Corp. by 22.3%, now owning approximately 0.34% of the company worth $7.5 million.
• J & J Snack Foods recently reported earnings of $2.00 per share, exceeding analysts' expectations by $0.26 and showing a 3.3% year-over-year revenue growth.
• The company has raised its quarterly dividend to $0.80, representing an annualized yield of 3.4%, up from the previous $0.78.

Bernzott Capital Advisors raised its stake in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 22.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,382 shares of the company's stock after acquiring an additional 12,119 shares during the period. J & J Snack Foods makes up 3.8% of Bernzott Capital Advisors' portfolio, making the stock its 5th largest holding. Bernzott Capital Advisors owned approximately 0.34% of J & J Snack Foods worth $7,528,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in J & J Snack Foods by 198.9% during the 2nd quarter. Parallel Advisors LLC now owns 529 shares of the company's stock valued at $60,000 after buying an additional 352 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in J & J Snack Foods by 31.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company's stock valued at $81,000 after purchasing an additional 145 shares during the last quarter. CWM LLC raised its position in shares of J & J Snack Foods by 301.3% during the 1st quarter. CWM LLC now owns 634 shares of the company's stock valued at $84,000 after buying an additional 476 shares in the last quarter. GAMMA Investing LLC grew its position in J & J Snack Foods by 94.4% in the second quarter. GAMMA Investing LLC now owns 700 shares of the company's stock worth $79,000 after acquiring an additional 340 shares in the last quarter. Finally, Signaturefd LLC raised its position in J & J Snack Foods by 519.3% during the second quarter. Signaturefd LLC now owns 929 shares of the company's stock valued at $105,000 after purchasing an additional 779 shares during the period. 76.04% of the stock is owned by institutional investors.

J & J Snack Foods Stock Performance

Shares of NASDAQ JJSF opened at $94.08 on Thursday. J & J Snack Foods Corp. has a 52-week low of $91.30 and a 52-week high of $180.80. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 21.93 and a beta of 0.38. The stock has a 50 day moving average price of $102.75 and a 200 day moving average price of $113.53.

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, beating analysts' consensus estimates 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 business had revenue of $454.30 million during the quarter, compared to analyst estimates of $445.98 million. During the same period in the previous year, the company posted $1.98 EPS. J & J Snack Foods's revenue was up 3.3% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 16th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.4%. This is a boost from J & J Snack Foods's previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Tuesday, September 16th. J & J Snack Foods's payout ratio is currently 74.59%.

Wall Street Analysts Forecast Growth

JJSF has been the subject of a number of analyst reports. Wall Street Zen upgraded J & J Snack Foods from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Weiss Ratings reissued a "hold (c-)" rating on shares of J & J Snack Foods in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, J & J Snack Foods currently has a consensus rating of "Hold" and an average price target of $142.50.

J & J Snack Foods Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.