Segall Bryant & Hamill LLC Buys 1,324 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Segall Bryant & Hamill LLC grew its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 5.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 24,960 shares of the company’s stock after acquiring an additional 1,324 shares during the period. Segall Bryant & Hamill LLC’s holdings in J&J Snack Foods were worth $4,296,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of J&J Snack Foods by 603.8% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock valued at $59,000 after acquiring an additional 314 shares in the last quarter. Blue Trust Inc. boosted its stake 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 valued at $63,000 after purchasing 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 shares of J&J Snack Foods during the second quarter worth about $114,000. Finally, nVerses Capital LLC acquired a new position in shares of J&J Snack Foods in the third quarter valued at approximately $120,000. 76.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction dated Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 22.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research report on Friday, November 15th.

J&J Snack Foods Stock Up 2.1 %

Shares of J&J Snack Foods stock opened at $171.16 on Friday. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 38.46 and a beta of 0.63. J&J Snack Foods Corp. has a twelve month low of $133.23 and a twelve month high of $180.80. The company’s fifty day moving average is $168.58 and its 200 day moving average is $166.69.

J&J Snack Foods (NASDAQ:JJSF) last issued 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 company had revenue of $426.76 million during the quarter, compared to analyst estimates of $428.33 million. J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 EPS. As a group, equities analysts anticipate that J&J Snack Foods Corp. will post 5.69 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.12 annualized dividend and a yield of 1.82%. J&J Snack Foods’s payout ratio is 70.11%.

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.