J & J Snack Foods Corp. (NASDAQ:JJSF) SVP Sells $424,683.00 in Stock

J & J Snack Foods Corp. (NASDAQ:JJSF) SVP Robert Joseph Pape sold 2,700 shares of the stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $157.29, for a total transaction of $424,683.00. Following the transaction, the senior vice president now owns 15,010 shares of the company’s stock, valued at approximately $2,360,922.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of JJSF opened at $151.25 on Friday. J & J Snack Foods Corp. has a twelve month low of $105.67 and a twelve month high of $189.83. The company has a market cap of $2.86 billion, a P/E ratio of 159.21 and a beta of 0.55. The company’s fifty day simple moving average is $140.31 and its 200-day simple moving average is $131.68.

J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Thursday, November 5th. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.30. J & J Snack Foods had a net margin of 3.49% and a return on equity of 5.16%. The business had revenue of $252.54 million for the quarter, compared to the consensus estimate of $227.07 million. During the same quarter in the prior year, the firm posted $1.36 earnings per share. The business’s revenue for the quarter was down 19.0% on a year-over-year basis. As a group, sell-side analysts forecast that J & J Snack Foods Corp. will post 2.93 EPS for the current year.

Several research firms have commented on JJSF. BidaskClub lowered shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Zacks Investment Research lowered shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, November 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $162.00.

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP increased its position in J & J Snack Foods by 179.0% during the 1st quarter. First Trust Advisors LP now owns 37,417 shares of the company’s stock valued at $5,943,000 after purchasing an additional 24,008 shares during the period. Morgan Stanley increased its position in J & J Snack Foods by 13.9% during the 1st quarter. Morgan Stanley now owns 191,027 shares of the company’s stock valued at $23,113,000 after purchasing an additional 23,264 shares during the period. Vident Investment Advisory LLC purchased a new position in J & J Snack Foods during the 2nd quarter valued at about $309,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in J & J Snack Foods by 61.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,767 shares of the company’s stock valued at $225,000 after purchasing an additional 674 shares during the period. Finally, Costello Asset Management INC purchased a new position in J & J Snack Foods during the 2nd quarter valued at about $727,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.

J & J Snack Foods Company Profile

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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