Champlain Investment Partners LLC Purchases 8,187 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Champlain Investment Partners LLC boosted its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 377,750 shares of the company’s stock after purchasing an additional 8,187 shares during the period. Champlain Investment Partners LLC’s holdings in J&J Snack Foods were worth $65,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JJSF. GAMMA Investing LLC increased its holdings in shares of J&J Snack Foods by 603.8% during the second quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock worth $59,000 after buying an additional 314 shares in the last quarter. Blue Trust Inc. increased its holdings in J&J Snack Foods by 39,000.0% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the company’s stock valued at $63,000 after purchasing an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in J&J Snack Foods in the 2nd quarter valued at $76,000. Canada Pension Plan Investment Board acquired a new position in J&J Snack Foods in the second quarter worth $114,000. Finally, nVerses Capital LLC bought a new stake in shares of J&J Snack Foods during the third quarter worth $120,000. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J&J Snack Foods Trading Up 2.1 %

Shares of JJSF stock opened at $171.16 on Friday. J&J Snack Foods Corp. has a 1 year low of $133.23 and a 1 year high of $180.80. The firm’s 50 day moving average is $168.58 and its 200-day moving average is $166.69. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 38.46 and a beta of 0.63.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.25). The firm had revenue of $426.76 million for the quarter, compared to analyst estimates of $428.33 million. J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.73 EPS. On average, equities research analysts forecast that J&J Snack Foods Corp. will post 5.49 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.82%. The ex-dividend date is Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio is 70.11%.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a report on Friday, November 15th.

Insider Buying and Selling

In other J&J Snack Foods news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction that occurred 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 22.20% of the company’s stock.

About J&J Snack Foods

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.