Mitsubishi UFJ Asset Management UK Ltd. Has $1.21 Million Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Mitsubishi UFJ Asset Management UK Ltd. grew its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 16.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in J&J Snack Foods were worth $1,205,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of JJSF. Virtu Financial LLC acquired a new position in J&J Snack Foods in the fourth quarter worth approximately $248,000. Vanguard Group Inc. raised its holdings in shares of J&J Snack Foods by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,564,927 shares of the company’s stock valued at $261,562,000 after purchasing an additional 16,503 shares in the last quarter. Quadrature Capital Ltd lifted its stake in shares of J&J Snack Foods by 11.3% in the 4th quarter. Quadrature Capital Ltd now owns 1,680 shares of the company’s stock valued at $281,000 after purchasing an additional 170 shares during the last quarter. Bridge City Capital LLC boosted its holdings in J&J Snack Foods by 0.8% in the first 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. Finally, Diversified Trust Co boosted its holdings in J&J Snack Foods by 30.2% in the first quarter. Diversified Trust Co now owns 3,125 shares of the company’s stock worth $452,000 after purchasing an additional 725 shares in the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

J&J Snack Foods Stock Performance

J&J Snack Foods stock traded up $0.04 during trading hours on Friday, reaching $168.58. 119,653 shares of the company were exchanged, compared to its average volume of 88,466. J&J Snack Foods Corp. has a 12 month low of $133.23 and a 12 month high of $176.38. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $168.77 and a 200 day moving average of $161.50. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 37.97 and a beta of 0.62.

J&J Snack Foods (NASDAQ:JJSF) last posted its 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 firm had revenue of $439.96 million during the quarter, compared to analyst estimates of $440.92 million. J&J Snack Foods had a net margin of 5.49% and a return on equity of 10.70%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.92 earnings per share. As a group, research analysts anticipate that J&J Snack Foods Corp. will post 5.21 earnings per share for the current year.

J&J Snack Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 17th were paid a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This is a positive change from J&J Snack Foods’s previous quarterly dividend of $0.74. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.85%. J&J Snack Foods’s payout ratio is presently 70.27%.

Insider Buying and Selling

In other J&J Snack Foods news, VP Mary Lou Kehoe sold 1,500 shares of J&J Snack Foods stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total value of $254,385.00. Following the transaction, the vice president now directly owns 742 shares of the company’s stock, valued at $125,835.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Mary Lou Kehoe sold 1,500 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $169.59, for a total value of $254,385.00. Following the sale, the vice president now owns 742 shares in the company, valued at approximately $125,835.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald B. Shreiber sold 20,000 shares of the business’s 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 disclosure for this sale can be found here. 22.20% of the stock is owned by insiders.

Analysts Set New Price Targets

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

J&J Snack Foods 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.