Gerald B. Shreiber Sells 20,000 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF) Stock

J&J Snack Foods Corp. (NASDAQ:JJSF) Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total value of $3,359,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

J&J Snack Foods Trading Down 1.2 %

NASDAQ JJSF opened at $165.50 on Friday. J&J Snack Foods Corp. has a 52 week low of $133.23 and a 52 week high of $176.38. The company has a 50 day moving average price of $167.82 and a 200 day moving average price of $156.37. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.21 billion, a PE ratio of 37.27 and a beta of 0.62.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, August 5th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). The business had revenue of $439.96 million for the quarter, compared to analyst estimates of $440.92 million. J&J Snack Foods had a return on equity of 10.70% and a net margin of 5.49%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.92 earnings per share. As a group, sell-side analysts forecast that J&J Snack Foods Corp. will post 5.21 EPS for the current fiscal year.

J&J Snack Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Tuesday, September 17th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This is a boost from J&J Snack Foods’s previous quarterly dividend of $0.74. This represents a $3.12 dividend on an annualized basis and a yield of 1.89%. J&J Snack Foods’s dividend payout ratio (DPR) is 70.27%.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of J&J Snack Foods in a research report on Tuesday, August 6th.

Institutional Investors Weigh In On J&J Snack Foods

Several institutional investors have recently added to or reduced their stakes in JJSF. Fidelis Capital Partners LLC purchased a new position in shares of J&J Snack Foods in the 1st quarter valued at approximately $29,000. YHB Investment Advisors Inc. acquired a new position in J&J Snack Foods during the 1st quarter valued at approximately $44,000. GAMMA Investing LLC increased its stake in J&J Snack Foods by 603.8% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock valued at $59,000 after purchasing an additional 314 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of J&J Snack Foods in the first quarter worth $69,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of J&J Snack Foods during the second quarter worth $76,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

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.