Johnson Investment Counsel Inc. Takes $227,000 Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Johnson Investment Counsel Inc. acquired a new position in J&J Snack Foods Corp. (NASDAQ:JJSF) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,400 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors have also modified their holdings of the company. Arizona State Retirement System raised its position in J&J Snack Foods by 1.9% in the second quarter. Arizona State Retirement System now owns 4,341 shares of the company’s stock worth $705,000 after acquiring an additional 83 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of J&J Snack Foods by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the company’s stock worth $1,266,000 after purchasing an additional 100 shares during the last quarter. Bridge City Capital LLC raised its holdings in shares of J&J Snack Foods by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 14,056 shares of the company’s stock worth $2,032,000 after purchasing an additional 110 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in J&J Snack Foods by 1.4% during the first quarter. Illinois Municipal Retirement Fund now owns 8,632 shares of the company’s stock valued at $1,248,000 after purchasing an additional 121 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in J&J Snack Foods by 11.3% during the fourth quarter. Quadrature Capital Ltd now owns 1,680 shares of the company’s stock worth $281,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. In other J&J Snack Foods news, VP Mary Lou Kehoe sold 1,500 shares of J&J Snack Foods stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $169.59, for a total transaction of $254,385.00. Following the completion of the sale, the vice president now owns 742 shares of the company’s stock, valued at approximately $125,835.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald B. Shreiber sold 20,000 shares of the business’s stock in a transaction on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total transaction of $3,359,000.00. The disclosure for this sale can be found here. Corporate insiders own 22.20% of the company’s stock.

J&J Snack Foods Trading Up 2.2 %

NASDAQ:JJSF opened at $167.06 on Monday. The stock has a fifty day simple moving average of $167.73 and a 200 day simple moving average of $157.23. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 37.63 and a beta of 0.62. J&J Snack Foods Corp. has a 1-year low of $133.23 and a 1-year high of $176.38. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.01.

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

J&J Snack Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.78 per share. This is an increase from J&J Snack Foods’s previous quarterly dividend of $0.74. This represents a $3.12 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, September 17th. J&J Snack Foods’s payout ratio is 70.27%.

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.