Landscape Capital Management L.L.C. Makes New Investment in J & J Snack Foods Corp. $JJSF

Key Points

• Landscape Capital Management L.L.C. has acquired a new stake in J & J Snack Foods Corp., purchasing 27,698 shares valued at approximately $3.6 million, representing 0.14% of the company.
• J & J Snack Foods declared an increase in its quarterly dividend from $0.78 to $0.80 per share, with a yield of 2.8%.
• The company reported a net margin of 5.24% and earnings of $2.00 per share for the last quarter, surpassing analyst expectations by $0.26.

Landscape Capital Management L.L.C. acquired a new stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,698 shares of the company's stock, valued at approximately $3,648,000. Landscape Capital Management L.L.C. owned about 0.14% of J & J Snack Foods at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. OMERS ADMINISTRATION Corp purchased a new stake in shares of J & J Snack Foods during the first quarter worth about $724,000. Synovus Financial Corp boosted its holdings in shares of J & J Snack Foods by 59.7% during the first quarter. Synovus Financial Corp now owns 4,236 shares of the company's stock worth $558,000 after purchasing an additional 1,583 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 worth $81,000 after purchasing an additional 145 shares during the period. D.B. Root & Company LLC boosted its holdings in shares of J & J Snack Foods by 7.5% during the first quarter. D.B. Root & Company LLC now owns 8,923 shares of the company's stock worth $1,175,000 after purchasing an additional 619 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of 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 during the period. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

J & J Snack Foods Stock Performance

Shares of JJSF traded down $3.59 on Tuesday, hitting $107.98. 28,765 shares of the stock traded hands, compared to its average volume of 154,609. The company has a market capitalization of $2.10 billion, a PE ratio of 25.29 and a beta of 0.42. The business has a 50 day simple moving average of $114.70 and a 200 day simple moving average of $121.63. J & J Snack Foods Corp. has a one year low of $106.40 and a one year high of $180.80.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.26. The company had revenue of $454.30 million during the quarter, compared to the consensus estimate of $445.98 million. J & J Snack Foods had a net margin of 5.24% and a return on equity of 8.79%. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.98 earnings per share. On average, equities 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 $0.80 dividend. This is a boost from J & J Snack Foods's previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $3.20 dividend on an annualized basis and a yield of 3.0%. J & J Snack Foods's payout ratio is presently 72.73%.

Wall Street Analyst Weigh In

Several brokerages have commented on JJSF. Benchmark lowered their price objective on shares of J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Wall Street Zen upgraded shares of J & J Snack Foods from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.