J & J Snack Foods Corp. $JJSF Shares Acquired by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its J & J Snack Foods stake by 186.7% in the first quarter, reaching 42,888 shares valued at approximately $3.4 million. Institutional investors collectively own 76.04% of the company.
• Analyst sentiment is mixed: Benchmark and Jefferies support Buy ratings, while Zacks Research and Weiss Ratings are bearish. The stock has a consensus rating of Hold and an average price target of $110.50.
• J & J Snack Foods beat quarterly earnings expectations with EPS of $1.96 versus $1.70 expected, although revenue fell 6.3% year over year to $425.96 million. The company maintains a quarterly dividend of $0.80, equating to a 3.5% yield.

Quantinno Capital Management LP increased its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 186.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,888 shares of the company's stock after buying an additional 27,930 shares during the period. Quantinno Capital Management LP owned about 0.23% of J & J Snack Foods worth $3,400,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JJSF. State of Alaska Department of Revenue grew its holdings in J & J Snack Foods by 1.6% during the 4th quarter. State of Alaska Department of Revenue now owns 8,823 shares of the company's stock worth $796,000 after acquiring an additional 141 shares in the last quarter. Nicolet Advisory Services LLC grew its stake in shares of J & J Snack Foods by 5.8% during the third quarter. Nicolet Advisory Services LLC now owns 2,592 shares of the company's stock worth $246,000 after purchasing an additional 143 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in J & J Snack Foods by 58.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 404 shares of the company's stock valued at $36,000 after buying an additional 149 shares during the last quarter. LPL Financial LLC increased its holdings in J & J Snack Foods by 3.9% in the fourth quarter. LPL Financial LLC now owns 4,746 shares of the company's stock valued at $429,000 after buying an additional 178 shares during the last quarter. Finally, Allworth Financial LP raised its stake in J & J Snack Foods by 485.1% in the fourth quarter. Allworth Financial LP now owns 275 shares of the company's stock valued at $25,000 after buying an additional 228 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on JJSF. Benchmark dropped their price objective on J & J Snack Foods from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, May 11th. Zacks Research cut shares of J & J Snack Foods from a "hold" rating to a "strong sell" rating in a report on Thursday, May 7th. Jefferies Financial Group raised shares of J & J Snack Foods from a "hold" rating to a "buy" rating and increased their target price for the company from $81.00 to $101.00 in a research report on Thursday. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of J & J Snack Foods in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $110.50.

J & J Snack Foods Trading Up 0.1%

Shares of J & J Snack Foods stock opened at $91.91 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.26 and a current ratio of 2.34. The company has a market capitalization of $1.72 billion, a P/E ratio of 35.35 and a beta of 0.38. J & J Snack Foods Corp. has a 1 year low of $68.87 and a 1 year high of $116.32. The company's fifty day moving average is $77.05 and its two-hundred day moving average is $80.45.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.26. J & J Snack Foods had a net margin of 3.23% and a return on equity of 8.93%. The business had revenue of $425.96 million during the quarter, compared to analysts' expectations of $427.65 million. During the same period in the prior year, the company earned $2.00 earnings per share. The business's revenue was down 6.3% compared to the same quarter last year. Analysts forecast that J & J Snack Foods Corp. will post 3.98 earnings per share for the current year.

J & J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 16th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.5%. The ex-dividend date was Tuesday, June 16th. J & J Snack Foods's payout ratio is 107.38%.

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.

Want to see what other hedge funds are holding JJSF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source