J & J Snack Foods Corp. $JJSF Shares Acquired by Virtu Financial LLC

Key Points

• Virtu Financial LLC increased its stake in J & J Snack Foods Corp. by 170.3%, owning a total of 3,595 shares valued at approximately $473,000 after purchasing an additional 2,265 shares in Q1.
• J & J Snack Foods reported a quarterly EPS of $2.00, exceeding expectations and with a year-over-year revenue growth of 3.3%, totaling $454.30 million.
• The company announced an increase in its quarterly dividend to $0.80 per share, which represents an annualized yield of 2.8%, up from the previous dividend of $0.78.

Virtu Financial LLC grew its holdings in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 170.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,595 shares of the company's stock after buying an additional 2,265 shares during the period. Virtu Financial LLC's holdings in J & J Snack Foods were worth $473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of JJSF. Westwood Holdings Group Inc. lifted its holdings in shares of J & J Snack Foods by 21.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 610,477 shares of the company's stock worth $80,412,000 after acquiring an additional 106,459 shares during the last quarter. GAMMA Investing LLC increased its holdings in J & J Snack Foods by 7,763.8% in the first quarter. GAMMA Investing LLC now owns 47,419 shares of the company's stock valued at $6,246,000 after buying an additional 46,816 shares during the last quarter. Susquehanna International Group LLP raised its position in shares of J & J Snack Foods by 45,128.9% during the 4th quarter. Susquehanna International Group LLP now owns 34,222 shares of the company's stock worth $5,309,000 after acquiring an additional 34,298 shares in the last quarter. Bernzott Capital Advisors lifted its position in shares of J & J Snack Foods by 87.2% during the 1st quarter. Bernzott Capital Advisors now owns 54,263 shares of the company's stock worth $7,148,000 after buying an additional 25,280 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in J & J Snack Foods by 1.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,629,344 shares of the company's stock valued at $216,035,000 after acquiring an additional 24,139 shares during the last quarter. 76.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on JJSF shares. Wall Street Zen raised J & J Snack Foods from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Benchmark cut their target price on J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th.

J & J Snack Foods Price Performance

J & J Snack Foods stock traded up $1.17 during trading hours on Monday, hitting $112.46. The stock had a trading volume of 32,413 shares, compared to its average volume of 157,103. The stock's fifty day moving average is $114.98 and its two-hundred day moving average is $122.69. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 26.28 and a beta of 0.45. J & J Snack Foods Corp. has a 1-year low of $106.40 and a 1-year high of $180.80.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.26. The firm had revenue of $454.30 million during the quarter, compared to analysts' expectations of $445.98 million. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 EPS. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors 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. This represents a $3.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 16th. J & J Snack Foods's dividend payout ratio is 72.73%.

About J & J Snack Foods

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.