Los Angeles Capital Management LLC Makes New $994,000 Investment in J&J Snack Foods Corp. (NASDAQ:JJSF)

Los Angeles Capital Management LLC bought a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 5,947 shares of the company's stock, valued at approximately $994,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC acquired a new stake in shares of J&J Snack Foods during the third quarter worth $28,000. Headlands Technologies LLC acquired a new position in shares of J&J Snack Foods during the 3rd quarter worth approximately $32,000. Quantbot Technologies LP bought a new position in shares of J&J Snack Foods during the third quarter worth approximately $69,000. International Assets Investment Management LLC acquired a new stake in shares of J&J Snack Foods in the fourth quarter valued at approximately $196,000. Finally, Evergreen Capital Management LLC boosted its stake in shares of J&J Snack Foods by 6.7% in the third quarter. Evergreen Capital Management LLC now owns 1,450 shares of the company's stock valued at $238,000 after buying an additional 91 shares during the period. 76.04% of the stock is owned by institutional investors.

Insider Activity at J&J Snack Foods

In related news, Director Marjorie Shreiber Roshkoff sold 625 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $147.73, for a total value of $92,331.25. Following the transaction, the director now directly owns 69,459 shares in the company, valued at approximately $10,261,178.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 22.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a "buy" rating and set a $195.00 price objective on shares of J&J Snack Foods in a research note on Tuesday.

J&J Snack Foods Price Performance

JJSF stock traded up $0.78 during mid-day trading on Friday, hitting $163.39. The stock had a trading volume of 56,962 shares, compared to its average volume of 92,644. The firm has a fifty day simple moving average of $141.30 and a 200 day simple moving average of $153.65. The firm has a market capitalization of $3.17 billion, a P/E ratio of 39.56 and a beta of 0.54. The company has a current ratio of 2.40, a quick ratio of 1.36 and a debt-to-equity ratio of 0.01. J&J Snack Foods Corp. has a 52 week low of $133.23 and a 52 week high of $177.71.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.63 by $0.21. J&J Snack Foods had a net margin of 5.11% and a return on equity of 9.98%. The business had revenue of $359.73 million during the quarter, compared to the consensus estimate of $341.08 million. During the same period in the previous year, the business earned $0.43 earnings per share. The company's revenue was up 6.5% on a year-over-year basis. As a group, research analysts forecast that J&J Snack Foods Corp. will post 5.06 EPS for the current year.

J&J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 1.80%. J&J Snack Foods's dividend payout ratio (DPR) is presently 71.53%.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.