Deutsche Bank AG Invests $1.24 Million in J & J Snack Foods Corp. $JJSF

Key Points

• Deutsche Bank acquired 16,828 shares of J&J Snack Foods in the second quarter, valued at approximately $1.24 million. Institutional investors collectively own 76.04% of the company.
• Analyst sentiment is mixed: ratings include two Buys and two Sells, resulting in an average “Hold” rating and a consensus price target of $110.50.
• J&J Snack Foods exceeded quarterly EPS expectations, reporting $1.96 versus the $1.70 consensus, though revenue fell 6.3% year over year. The company declared a quarterly dividend of $0.80 per share, representing a 3.6% yield.

Deutsche Bank AG acquired a new stake in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 16,828 shares of the company's stock, valued at approximately $1,236,000. Deutsche Bank AG owned approximately 0.09% of J & J Snack Foods as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in JJSF. Global Retirement Partners LLC purchased a new position in J & J Snack Foods in the 2nd quarter worth $179,000. Bank of New York Mellon Corp bought a new position in shares of J & J Snack Foods during the second quarter valued at about $13,115,000. GSA Capital Partners LLP bought a new position in shares of J & J Snack Foods during the second quarter valued at about $612,000. Walleye Capital LLC purchased a new position in shares of J & J Snack Foods in the second quarter worth about $334,000. Finally, GAMMA Investing LLC increased its holdings in shares of J & J Snack Foods by 65.5% in the second quarter. GAMMA Investing LLC now owns 1,940 shares of the company's stock worth $142,000 after buying an additional 768 shares during the period. Institutional investors own 76.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Zacks Research cut J & J Snack Foods from a "hold" rating to a "strong sell" rating in a report on Thursday, May 7th. Benchmark decreased their price target on J & J Snack Foods from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Monday, May 11th. Weiss Ratings reiterated a "sell (d+)" rating on shares of J & J Snack Foods in a research report on Wednesday, June 24th. Finally, Jefferies Financial Group upgraded J & J Snack Foods from a "hold" rating to a "buy" rating and boosted their price objective for the company from $81.00 to $101.00 in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, J & J Snack Foods presently has an average rating of "Hold" and an average target price of $110.50.

J & J Snack Foods Stock Performance

Shares of NASDAQ:JJSF opened at $89.26 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.47 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $80.90 and a 200-day moving average price of $80.19. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 34.33 and a beta of 0.38. J & J Snack Foods Corp. has a 12 month low of $68.87 and a 12 month high of $112.78.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.26. The company had revenue of $425.96 million for the quarter, compared to analysts' expectations of $427.65 million. J & J Snack Foods had a return on equity of 8.93% and a net margin of 3.23%.J & J Snack Foods's quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the firm earned $2.00 earnings per share. As a group, equities analysts anticipate that J & J Snack Foods Corp. will post 3.98 EPS for the current year.

J & J Snack Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.20 annualized dividend and a dividend yield of 3.6%. J & J Snack Foods's payout ratio is 123.08%.

J & J Snack Foods Company Profile

J & J Snack Foods NASDAQ: JJSF is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi's and ChurroMan.

Founded in 1971 by Gerald B.

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