Landscape Capital Management L.L.C. Buys Shares of 3,861 J&J Snack Foods Corp. (NASDAQ:JJSF)

Landscape Capital Management L.L.C. bought a new stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,861 shares of the company's stock, valued at approximately $665,000.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of J&J Snack Foods by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company's stock worth $236,544,000 after buying an additional 71,378 shares during the period. Thrivent Financial for Lutherans raised its position in J&J Snack Foods by 130.8% during the second quarter. Thrivent Financial for Lutherans now owns 535,831 shares of the company's stock worth $87,003,000 after acquiring an additional 303,673 shares during the period. Dimensional Fund Advisors LP lifted its holdings in J&J Snack Foods by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company's stock valued at $74,400,000 after purchasing an additional 18,932 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of J&J Snack Foods by 3.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company's stock valued at $278,899,000 after purchasing an additional 57,887 shares during the period. Finally, Millennium Management LLC increased its stake in shares of J&J Snack Foods by 128.7% during the second quarter. Millennium Management LLC now owns 21,678 shares of the company's stock worth $3,520,000 after purchasing an additional 12,198 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J&J Snack Foods Price Performance

NASDAQ JJSF traded up $3.55 during mid-day trading on Friday, hitting $171.16. The stock had a trading volume of 79,048 shares, compared to its average volume of 74,106. J&J Snack Foods Corp. has a twelve month low of $133.23 and a twelve month high of $180.80. The firm's 50 day moving average is $168.66 and its 200 day moving average is $166.98. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 38.46 and a beta of 0.63.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.25). The business had revenue of $426.76 million during the quarter, compared to analysts' expectations of $428.33 million. J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The business's quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.73 earnings per share. As a group, equities research analysts expect that J&J Snack Foods Corp. will post 5.49 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be given a dividend of $0.78 per share. The ex-dividend date is Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a yield of 1.82%. 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 target on shares of J&J Snack Foods in a research note on Friday, November 15th.

Insider Buying and Selling at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of the firm's stock in a transaction that occurred on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total transaction of $3,359,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 22.20% of the stock is owned by company insiders.

J&J Snack Foods Company 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.