GAMMA Investing LLC Buys 149 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

GAMMA Investing LLC lifted its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 32.8% in the fourth quarter, HoldingsChannel reports. The fund owned 603 shares of the company’s stock after acquiring an additional 149 shares during the period. GAMMA Investing LLC’s holdings in J&J Snack Foods were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in JJSF. Blue Trust Inc. boosted its stake in J&J Snack Foods by 39,000.0% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after purchasing an additional 390 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in J&J Snack Foods in the 2nd quarter worth approximately $76,000. Canada Pension Plan Investment Board bought a new position in J&J Snack Foods in the 2nd quarter worth approximately $114,000. nVerses Capital LLC bought a new position in J&J Snack Foods in the 3rd quarter worth approximately $120,000. Finally, Glenmede Trust Co. NA bought a new position in J&J Snack Foods in the 3rd quarter worth approximately $204,000. 76.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

J&J Snack Foods Price Performance

JJSF stock opened at $141.80 on Friday. J&J Snack Foods Corp. has a 1-year low of $133.23 and a 1-year high of $180.80. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 31.87 and a beta of 0.66. The business has a 50 day simple moving average of $164.82 and a two-hundred day simple moving average of $166.59.

J&J Snack Foods (NASDAQ:JJSF) last issued 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). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The firm had revenue of $426.76 million for the quarter, compared to analysts’ expectations of $428.33 million. During the same period last year, the company earned $1.73 earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis. Sell-side analysts anticipate that J&J Snack Foods Corp. will post 5.49 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.78 per share. The ex-dividend date was Tuesday, December 17th. This represents a $3.12 annualized dividend and a yield of 2.20%. J&J Snack Foods’s dividend payout ratio (DPR) is currently 70.11%.

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.