Landscape Capital Management L.L.C. Invests $3.65 Million in J & J Snack Foods Corp. $JJSF

Landscape Capital Management L.L.C. acquired a new stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 27,698 shares of the company’s stock, valued at approximately $3,648,000.

Several other hedge funds also recently bought and sold shares of JJSF. Northwestern Mutual Wealth Management Co. grew its stake in J & J Snack Foods by 31.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company’s stock valued at $81,000 after acquiring an additional 145 shares in the last quarter. CWM LLC grew its stake in J & J Snack Foods by 301.3% during the first quarter. CWM LLC now owns 634 shares of the company’s stock valued at $84,000 after acquiring an additional 476 shares in the last quarter. Aigen Investment Management LP purchased a new position in J & J Snack Foods during the first quarter valued at approximately $232,000. MQS Management LLC purchased a new position in J & J Snack Foods during the first quarter valued at approximately $275,000. Finally, Tower Research Capital LLC TRC grew its stake in J & J Snack Foods by 1,200.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,807 shares of the company’s stock valued at $280,000 after acquiring an additional 1,668 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Analyst Upgrades and Downgrades

JJSF has been the subject of several recent analyst reports. Wall Street Zen raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Benchmark reduced their price objective on shares of J & J Snack Foods from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.50.

J & J Snack Foods Price Performance

Shares of J & J Snack Foods stock opened at $113.73 on Thursday. J & J Snack Foods Corp. has a 1 year low of $106.40 and a 1 year high of $180.80. The firm has a market cap of $2.21 billion, a PE ratio of 26.51 and a beta of 0.45. The company has a 50 day simple moving average of $114.79 and a two-hundred day simple moving average of $122.02.

J & J Snack Foods (NASDAQ:JJSF) last announced 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. J & J Snack Foods had a net margin of 5.24% and a return on equity of 8.79%. The business had revenue of $454.30 million during the quarter, compared to analyst estimates of $445.98 million. During the same period in the previous year, the business posted $1.98 earnings per share. J & J Snack Foods’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, research analysts anticipate that J & J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J & J Snack Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.80 per share. The ex-dividend date is Tuesday, September 16th. 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 yield of 2.8%. J & J Snack Foods’s dividend payout ratio (DPR) is presently 72.73%.

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.