J&J Snack Foods (NASDAQ:JJSF) Shares Gap Up to $159.36

J&J Snack Foods Corp. (NASDAQ:JJSF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $159.36, but opened at $169.51. J&J Snack Foods shares last traded at $172.14, with a volume of 14,630 shares.

Analyst Ratings Changes

Separately, Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday.

J&J Snack Foods Stock Performance

The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 38.70 and a beta of 0.61. The stock has a 50 day moving average of $165.35 and a 200 day moving average of $153.86. The company has a quick ratio of 1.33, a current ratio of 2.41 and a debt-to-equity ratio of 0.02.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). The firm had revenue of $439.96 million during the quarter, compared to the consensus estimate of $440.92 million. J&J Snack Foods had a net margin of 5.45% and a return on equity of 10.71%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 earnings per share. As a group, analysts predict that J&J Snack Foods Corp. will post 5.29 EPS for the current year.

J&J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Tuesday, June 18th were paid a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Tuesday, June 18th. J&J Snack Foods’s dividend payout ratio is 66.22%.

Insider Buying and Selling

In other J&J Snack Foods news, VP Robert Cranmer sold 2,278 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $162.03, for a total value of $369,104.34. Following the transaction, the vice president now directly owns 872 shares of the company’s stock, valued at $141,290.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. 22.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On J&J Snack Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JJSF. Norges Bank bought a new position in shares of J&J Snack Foods during the 4th quarter valued at $27,404,000. Sei Investments Co. lifted its position in shares of J&J Snack Foods by 19.4% in the 1st quarter. Sei Investments Co. now owns 82,401 shares of the company’s stock worth $11,912,000 after purchasing an additional 13,382 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of J&J Snack Foods during the 4th quarter valued at about $994,000. Edgestream Partners L.P. purchased a new position in shares of J&J Snack Foods during the first quarter valued at about $3,197,000. Finally, DAVENPORT & Co LLC raised its stake in J&J Snack Foods by 11.9% in the first quarter. DAVENPORT & Co LLC now owns 217,553 shares of the company’s stock worth $31,228,000 after buying an additional 23,196 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors.

About J&J Snack Foods

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.