Geneva Capital Management LLC Boosts Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Geneva Capital Management LLC grew its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 522,424 shares of the company’s stock after acquiring an additional 2,449 shares during the period. J&J Snack Foods comprises 1.6% of Geneva Capital Management LLC’s holdings, making the stock its 20th biggest position. Geneva Capital Management LLC owned about 2.70% of J&J Snack Foods worth $87,318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in J&J Snack Foods by 17.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,508 shares of the company’s stock worth $574,000 after purchasing an additional 518 shares in the last quarter. Strs Ohio purchased a new stake in J&J Snack Foods in the 3rd quarter worth approximately $981,000. Allspring Global Investments Holdings LLC boosted its position in J&J Snack Foods by 0.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,389,507 shares of the company’s stock worth $227,393,000 after purchasing an additional 9,205 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of J&J Snack Foods by 357.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 6,181 shares of the company’s stock valued at $1,012,000 after buying an additional 4,829 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of J&J Snack Foods by 6.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,638 shares of the company’s stock valued at $268,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

J&J Snack Foods Price Performance

Shares of NASDAQ:JJSF traded down $1.68 during midday trading on Thursday, reaching $162.61. 84,871 shares of the company’s stock traded hands, compared to its average volume of 93,041. J&J Snack Foods Corp. has a 1 year low of $133.23 and a 1 year high of $177.71. The company has a market cap of $3.15 billion, a P/E ratio of 39.57 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.40. The company has a fifty day simple moving average of $140.95 and a two-hundred day simple moving average of $153.58.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. The company had revenue of $359.73 million for the quarter, compared to analyst estimates of $341.08 million. J&J Snack Foods had a return on equity of 9.98% and a net margin of 5.11%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Equities analysts predict that J&J Snack Foods Corp. will post 5.06 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Tuesday, March 19th were issued a $0.735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.94 dividend on an annualized basis and a yield of 1.81%. J&J Snack Foods’s payout ratio is currently 71.53%.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “buy” rating and set a $195.00 target price on shares of J&J Snack Foods in a research report on Tuesday.

Insider Buying and Selling at J&J Snack Foods

In related news, Director Marjorie Shreiber Roshkoff sold 625 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $147.73, for a total value of $92,331.25. Following the completion of the sale, the director now owns 69,459 shares of the company’s stock, valued at $10,261,178.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.20% of the stock is currently owned by insiders.

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.