J&J Snack Foods Corp. (NASDAQ:JJSF) Stock Position Lifted by Sei Investments Co.

Sei Investments Co. grew its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 17.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,654 shares of the company’s stock after acquiring an additional 14,253 shares during the quarter. Sei Investments Co. owned approximately 0.50% of J&J Snack Foods worth $15,694,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of J&J Snack Foods by 4.6% during the first quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after purchasing an additional 71,378 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of J&J Snack Foods by 6.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,562,491 shares of the company’s stock valued at $253,702,000 after buying an additional 89,160 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in J&J Snack Foods by 22.4% during the first quarter. Westwood Holdings Group Inc. now owns 542,945 shares of the company’s stock worth $78,488,000 after acquiring an additional 99,264 shares during the period. Dimensional Fund Advisors LP lifted its holdings in J&J Snack Foods by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock worth $74,400,000 after acquiring an additional 18,932 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of J&J Snack Foods by 16.7% during the second quarter. Bank of New York Mellon Corp now owns 223,242 shares of the company’s stock valued at $36,248,000 after purchasing an additional 31,897 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Mary Lou Kehoe sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $169.59, for a total value of $254,385.00. Following the completion of the sale, the vice president now owns 742 shares of the company’s stock, valued at $125,835.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other J&J Snack Foods news, VP Mary Lou Kehoe sold 1,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total transaction of $254,385.00. Following the completion of the transaction, the vice president now directly owns 742 shares of the company’s stock, valued at approximately $125,835.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. Corporate insiders own 22.20% of the company’s stock.

J&J Snack Foods Stock Up 0.6 %

JJSF stock opened at $169.99 on Friday. 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’s 50-day simple moving average is $168.23 and its 200 day simple moving average is $158.61. The stock has a market cap of $3.30 billion, a PE ratio of 38.29 and a beta of 0.62. J&J Snack Foods Corp. has a fifty-two week low of $133.23 and a fifty-two week high of $176.38.

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

J&J Snack Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 17th will be paid a $0.78 dividend. This is a boost from J&J Snack Foods’s previous quarterly dividend of $0.74. The ex-dividend date is Tuesday, September 17th. This represents a $3.12 annualized dividend and a dividend yield of 1.84%. J&J Snack Foods’s dividend payout ratio is presently 70.27%.

Wall Street Analyst Weigh In

Separately, Benchmark restated 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.

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.