Inspire Investing LLC Cuts Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Inspire Investing LLC decreased its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 65.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,381 shares of the company's stock after selling 4,572 shares during the quarter. Inspire Investing LLC's holdings in J&J Snack Foods were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fidelis Capital Partners LLC bought a new stake in shares of J&J Snack Foods in the 1st quarter worth $29,000. GAMMA Investing LLC raised its position in J&J Snack Foods by 603.8% in the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company's stock worth $59,000 after buying an additional 314 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in J&J Snack Foods during the 2nd quarter valued at about $76,000. Covestor Ltd lifted its stake in J&J Snack Foods by 54,200.0% during the 1st quarter. Covestor Ltd now owns 543 shares of the company's stock valued at $78,000 after acquiring an additional 542 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of J&J Snack Foods during the 2nd quarter valued at about $114,000. Institutional investors own 76.04% of the company's stock.

Wall Street Analyst Weigh In

Separately, Benchmark restated a "buy" rating and issued a $200.00 target price on shares of J&J Snack Foods in a report on Tuesday, August 6th.

Insider Activity at J&J Snack Foods

In other J&J Snack Foods news, VP Mary Lou Kehoe sold 1,500 shares of the company's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $169.59, for a total value of $254,385.00. Following the completion of the sale, the vice president now owns 742 shares in the company, valued at $125,835.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other J&J Snack Foods news, VP Mary Lou Kehoe sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $169.59, for a total value of $254,385.00. Following the completion of the transaction, the vice president now directly owns 742 shares in the company, valued at $125,835.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gerald B. Shreiber sold 20,000 shares of the firm's stock in a transaction 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 disclosure for this sale can be found here. 22.20% of the stock is owned by company insiders.

J&J Snack Foods Stock Performance

J&J Snack Foods stock traded up $0.04 during mid-day trading on Friday, reaching $168.58. 119,653 shares of the stock traded hands, compared to its average volume of 88,466. The stock has a market capitalization of $3.27 billion, a PE ratio of 37.97 and a beta of 0.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.27 and a quick ratio of 1.39. The business's 50-day moving average is $168.77 and its 200-day moving average is $161.65. J&J Snack Foods Corp. has a 12-month low of $133.23 and a 12-month high of $176.38.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.99 by ($0.01). J&J Snack Foods had a return on equity of 10.70% and a net margin of 5.49%. The business had revenue of $439.96 million during the quarter, compared to analysts' expectations of $440.92 million. During the same period in the previous year, the business posted $1.92 EPS. The business's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that J&J Snack Foods Corp. will post 5.21 EPS for the current fiscal year.

J&J Snack Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 17th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.85%. This is a positive change from J&J Snack Foods's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Tuesday, September 17th. J&J Snack Foods's dividend payout ratio is 70.27%.

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.