D.B. Root & Company LLC Has $1.06 Million Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

D.B. Root & Company LLC trimmed its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 5.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 7,307 shares of the company’s stock after selling 427 shares during the period. D.B. Root & Company LLC’s holdings in J&J Snack Foods were worth $1,056,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JJSF. Operose Advisors LLC bought a new stake in shares of J&J Snack Foods during the 3rd quarter worth approximately $28,000. USA Financial Formulas acquired a new stake in shares of J&J Snack Foods in the 4th quarter valued at $105,000. International Assets Investment Management LLC bought a new position in shares of J&J Snack Foods in the 4th quarter valued at $196,000. Johnson Investment Counsel Inc. acquired a new position in shares of J&J Snack Foods during the 4th quarter worth $234,000. Finally, Evergreen Capital Management LLC lifted its position in shares of J&J Snack Foods by 6.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,450 shares of the company’s stock worth $238,000 after buying an additional 91 shares during the last quarter. 76.04% of the stock is owned by institutional investors.

J&J Snack Foods Price Performance

J&J Snack Foods stock traded down $1.15 during mid-day trading on Friday, reaching $162.37. The company had a trading volume of 262,835 shares, compared to its average volume of 85,662. J&J Snack Foods Corp. has a fifty-two week low of $133.23 and a fifty-two week high of $177.71. The company has a current ratio of 2.41, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $158.08 and a 200 day simple moving average of $153.79. The company has a market cap of $3.15 billion, a P/E ratio of 36.57 and a beta of 0.60.

J&J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Monday, May 6th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.21. J&J Snack Foods had a net margin of 5.45% and a return on equity of 10.71%. The business had revenue of $359.73 million for the quarter, compared to analyst estimates of $341.08 million. During the same period in the prior year, the firm earned $0.43 earnings per share. J&J Snack Foods’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts predict that J&J Snack Foods Corp. will post 5.29 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Tuesday, June 18th will be given a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Tuesday, June 18th. J&J Snack Foods’s payout ratio is 66.22%.

Insider Buying and Selling

In other 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 transaction of $369,104.34. Following the completion of the sale, the vice president now owns 872 shares in the company, valued at $141,290.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 22.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “buy” rating and issued a $195.00 target price on shares of J&J Snack Foods in a research report on Tuesday, May 7th.

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.