Petrus Trust Company LTA Invests $567,000 in J & J Snack Foods Corp. $JJSF

Key Points

• Petrus Trust Company LTA made a new investment of approximately $567,000 in J & J Snack Foods Corp. during the first quarter, acquiring 4,303 shares.
• J & J Snack Foods reported a significant earnings per share (EPS) of $2.00 for the last quarter, exceeding analysts' expectations of $1.74, with a quarterly revenue of $454.30 million.
• The company announced a dividend increase to $0.80, payable to shareholders on October 7th, representing a 2.9% yield based on an annualized payment of $3.20.

Petrus Trust Company LTA acquired a new position in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,303 shares of the company's stock, valued at approximately $567,000.

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in J & J Snack Foods by 31.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company's stock valued at $81,000 after buying an additional 145 shares during the period. CWM LLC lifted its holdings in J & J Snack Foods by 301.3% in the first quarter. CWM LLC now owns 634 shares of the company's stock valued at $84,000 after buying an additional 476 shares during the period. AQR Capital Management LLC acquired a new position in J & J Snack Foods in the first quarter valued at $228,000. Aigen Investment Management LP acquired a new position in J & J Snack Foods in the first quarter valued at $232,000. Finally, Gotham Asset Management LLC lifted its holdings in J & J Snack Foods by 56.5% in the fourth quarter. Gotham Asset Management LLC now owns 1,818 shares of the company's stock valued at $282,000 after buying an additional 656 shares during the period. Institutional investors own 76.04% of the company's stock.

J & J Snack Foods Stock Performance

Shares of NASDAQ JJSF traded down $3.12 during trading on Friday, hitting $104.41. 31,653 shares of the company traded hands, compared to its average volume of 153,313. The business's fifty day moving average is $113.50 and its 200 day moving average is $120.68. J & J Snack Foods Corp. has a fifty-two week low of $104.49 and a fifty-two week high of $180.80. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 24.36 and a beta of 0.42.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings data 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. J & J Snack Foods had a net margin of 5.24% and a return on equity of 8.79%. The firm had revenue of $454.30 million for the quarter, compared to analyst estimates of $445.98 million. During the same quarter in the prior year, the business earned $1.98 earnings per share. The business's quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.80 per share. This is an increase from J & J Snack Foods's previous quarterly dividend of $0.78. This represents a $3.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 16th. J & J Snack Foods's dividend payout ratio (DPR) is currently 72.73%.

Analysts Set New Price Targets

Separately, 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 research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $142.50.

J & J Snack Foods 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.