Dean Capital Management Takes $1.28 Million Position in J & J Snack Foods Corp. $JJSF

Dean Capital Management acquired a new position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,153 shares of the company’s stock, valued at approximately $1,280,000. Dean Capital Management owned 0.09% of J & J Snack Foods at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JJSF. Allworth Financial LP raised its holdings in shares of J & J Snack Foods by 485.1% in the fourth quarter. Allworth Financial LP now owns 275 shares of the company’s stock valued at $25,000 after purchasing an additional 228 shares during the last quarter. Global Retirement Partners LLC increased its stake in J & J Snack Foods by 1,133.3% in the 4th quarter. Global Retirement Partners LLC now owns 333 shares of the company’s stock valued at $30,000 after buying an additional 306 shares during the last quarter. IFP Advisors Inc increased its stake in J & J Snack Foods by 1,450.0% in the 4th quarter. IFP Advisors Inc now owns 341 shares of the company’s stock valued at $31,000 after buying an additional 319 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in J & J Snack Foods by 58.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 404 shares of the company’s stock worth $36,000 after buying an additional 149 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of J & J Snack Foods by 902.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 351 shares of the company’s stock worth $40,000 after buying an additional 316 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Benchmark decreased their price objective on J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating for the company in a report on Monday, May 11th. Zacks Research lowered J & J Snack Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $120.00.

J & J Snack Foods Price Performance

JJSF opened at $76.44 on Monday. J & J Snack Foods Corp. has a 12-month low of $68.87 and a 12-month high of $129.24. The business has a 50 day moving average of $75.68 and a 200-day moving average of $81.27. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 25.65 and a beta of 0.38.

J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Wednesday, May 6th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. J & J Snack Foods had a return on equity of 9.01% and a net margin of 3.75%.The business had revenue of $344.82 million for the quarter, compared to analyst estimates of $349.67 million. During the same period in the previous year, the firm earned $0.35 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. As a group, analysts expect that J & J Snack Foods Corp. will post 4 earnings per share for the current year.

J & J Snack Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, June 16th. J & J Snack Foods’s payout ratio is 107.38%.

J & J Snack Foods Profile

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.