2,443 Shares in J & J Snack Foods Corp. $JJSF Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. purchased a new position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) during the second quarter, HoldingsChannel reports. The firm purchased 2,443 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors have also added to or reduced their stakes in JJSF. Parallel Advisors LLC raised its stake in J & J Snack Foods by 198.9% during the 2nd quarter. Parallel Advisors LLC now owns 529 shares of the company’s stock worth $60,000 after buying an additional 352 shares during the period. GAMMA Investing LLC raised its stake in shares of J & J Snack Foods by 94.4% in the second quarter. GAMMA Investing LLC now owns 700 shares of the company’s stock worth $79,000 after purchasing an additional 340 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of J & J Snack Foods by 31.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company’s stock worth $81,000 after purchasing an additional 145 shares during the last quarter. CWM LLC raised its stake in shares of J & J Snack Foods by 301.3% in the first quarter. CWM LLC now owns 634 shares of the company’s stock worth $84,000 after purchasing an additional 476 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of J & J Snack Foods by 519.3% in the second quarter. Signaturefd LLC now owns 929 shares of the company’s stock worth $105,000 after purchasing an additional 779 shares during the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wall Street Zen raised J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of J & J Snack Foods in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $142.50.

J & J Snack Foods Stock Down 2.0%

JJSF stock opened at $92.21 on Friday. The firm has a market cap of $1.80 billion, a PE ratio of 21.49 and a beta of 0.38. The business has a 50 day moving average of $102.34 and a 200-day moving average of $113.25. J & J Snack Foods Corp. has a 12-month low of $91.30 and a 12-month high of $180.80.

J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Tuesday, August 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.26. The company had revenue of $454.30 million during the quarter, compared to analyst estimates of $445.98 million. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.J & J Snack Foods’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.98 earnings per share. On average, research analysts expect that J & J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J & J Snack Foods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 16th were issued a $0.80 dividend. This is a boost from J & J Snack Foods’s previous quarterly dividend of $0.78. This represents a $3.20 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. J & J Snack Foods’s dividend payout ratio is currently 74.59%.

J & J Snack Foods Company Profile

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.