Creative Planning Buys 11,289 Shares of J & J Snack Foods Corp. $JJSF

Creative Planning increased its stake in J & J Snack Foods Corp. by 166.2% in Q2, acquiring 11,289 shares. The stock opened at $91.11, with a market cap of $1.77 billion. J & J Snack Foods reported Q3 earnings of $1.58 per share, beating estimates. The company announced a quarterly dividend of $0.80 per share, with a yield of 3.5%. Analysts adjusted price targets, with Benchmark lowering it from $150 to $130.

Creative Planning grew its stake in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 166.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,083 shares of the company's stock after acquiring an additional 11,289 shares during the period. Creative Planning owned 0.09% of J & J Snack Foods worth $2,051,000 at the end of the most recent reporting period.

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Several other institutional investors also recently bought and sold shares of JJSF. CWM LLC grew its holdings in J & J Snack Foods by 301.3% during the 1st quarter. CWM LLC now owns 634 shares of the company's stock worth $84,000 after acquiring an additional 476 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of J & J Snack Foods by 7.6% in the 1st quarter. Victory Capital Management Inc. now owns 6,783 shares of the company's stock worth $893,000 after acquiring an additional 479 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in J & J Snack Foods by 3.0% in the first quarter. Avantax Advisory Services Inc. now owns 4,835 shares of the company's stock valued at $637,000 after purchasing an additional 140 shares during the last quarter. Nicolet Advisory Services LLC raised its holdings in J & J Snack Foods by 4.8% in the first quarter. Nicolet Advisory Services LLC now owns 2,400 shares of the company's stock worth $318,000 after purchasing an additional 110 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of J & J Snack Foods by 100.6% during the first quarter. US Bancorp DE now owns 5,200 shares of the company's stock valued at $685,000 after buying an additional 2,608 shares during the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at J & J Snack Foods

In related news, Director Kathleen E. Ciaramello bought 540 shares of the stock in a transaction on Thursday, November 20th. The stock was bought at an average price of $90.56 per share, with a total value of $48,902.40. Following the completion of the purchase, the director directly owned 1,013 shares in the company, valued at $91,737.28. This represents a 114.16% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 21.80% of the company's stock.

J & J Snack Foods Stock Up 2.8%

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Shares of JJSF opened at $91.11 on Wednesday. The firm's fifty day moving average is $91.51 and its two-hundred day moving average is $105.91. The stock has a market cap of $1.77 billion, a PE ratio of 21.24 and a beta of 0.39. J & J Snack Foods Corp. has a 52-week low of $80.67 and a 52-week high of $175.51.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its earnings results on Monday, November 17th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.34. The business had revenue of $410.24 million for the quarter, compared to analysts' expectations of $424.08 million. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The business's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.60 EPS. As a group, research analysts anticipate that J & J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J & J Snack Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.80 per share. The ex-dividend date is Tuesday, December 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.5%. J & J Snack Foods's dividend payout ratio is currently 95.52%.

Analysts Set New Price Targets

JJSF has been the topic of several analyst reports. Benchmark cut their price target on shares of J & J Snack Foods from $150.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, November 18th. Weiss Ratings reissued a "hold (c-)" rating on shares of J & J Snack Foods in a report on Wednesday, November 19th. Zacks Research raised shares of J & J Snack Foods from a "strong sell" rating to a "hold" rating in a report on Friday, October 24th. Finally, Wall Street Zen raised J & J Snack Foods from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $132.50.

View Our Latest Report on J & J Snack Foods

J & J Snack Foods Profile

(Free Report)

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.

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