Holocene Advisors LP Increases Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Holocene Advisors LP lifted its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 364.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,244 shares of the company's stock after acquiring an additional 5,683 shares during the period. Holocene Advisors LP's holdings in J&J Snack Foods were worth $1,247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of J&J Snack Foods by 603.8% during the second quarter. GAMMA Investing LLC now owns 366 shares of the company's stock worth $59,000 after acquiring an additional 314 shares in the last quarter. Blue Trust Inc. increased its position in shares of J&J Snack Foods by 39,000.0% during the third quarter. Blue Trust Inc. now owns 391 shares of the company's stock worth $63,000 after acquiring an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of J&J Snack Foods during the second quarter worth about $76,000. Canada Pension Plan Investment Board bought a new stake in J&J Snack Foods in the 2nd quarter worth about $114,000. Finally, nVerses Capital LLC bought a new stake in J&J Snack Foods in the 3rd quarter worth about $120,000. 76.04% of the stock is owned by institutional investors.

J&J Snack Foods Stock Down 1.0 %

JJSF stock traded down $1.70 during trading on Friday, reaching $166.92. The stock had a trading volume of 52,069 shares, compared to its average volume of 74,513. J&J Snack Foods Corp. has a one year low of $133.23 and a one year high of $180.80. The company's 50 day moving average is $169.19 and its two-hundred day moving average is $167.53. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 37.51 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $428.33 million. During the same period in the previous year, the company posted $1.73 earnings per share. The company's revenue for the quarter was down 3.9% on a year-over-year basis. As a group, research analysts predict that J&J Snack Foods Corp. will post 5.49 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Tuesday, December 17th. J&J Snack Foods's payout ratio is 70.11%.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a "buy" rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research report on Friday, November 15th.

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.