Man Group plc Takes Position in J & J Snack Foods Corp. $JJSF

Man Group plc bought a new position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 21,251 shares of the company’s stock, valued at approximately $1,561,000.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in J & J Snack Foods during the 1st quarter worth about $228,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of J & J Snack Foods by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,079 shares of the company’s stock valued at $1,196,000 after buying an additional 397 shares during the period. Millennium Management LLC grew its position in shares of J & J Snack Foods by 122.1% during the first quarter. Millennium Management LLC now owns 72,625 shares of the company’s stock worth $9,566,000 after buying an additional 39,933 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of J & J Snack Foods by 49.6% during the first quarter. NewEdge Advisors LLC now owns 3,376 shares of the company’s stock worth $445,000 after buying an additional 1,120 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of J & J Snack Foods by 465.8% during the first quarter. Jane Street Group LLC now owns 25,746 shares of the company’s stock worth $3,391,000 after buying an additional 21,196 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J & J Snack Foods Trading Down 0.7%

JJSF opened at $86.37 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.47 and a current ratio of 2.34. J & J Snack Foods Corp. has a one year low of $68.87 and a one year high of $110.78. The company has a market cap of $1.62 billion, a P/E ratio of 33.22 and a beta of 0.40. The business’s 50-day simple moving average is $81.75 and its 200-day simple moving average is $80.26.

J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Wednesday, August 5th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.26. The firm had revenue of $425.96 million during the quarter, compared to analysts’ expectations of $427.65 million. J & J Snack Foods had a return on equity of 8.93% and a net margin of 3.23%.The firm’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.00 earnings per share. As a group, equities research analysts expect that J & J Snack Foods Corp. will post 3.98 EPS for the current fiscal year.

J & J Snack Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 15th. J & J Snack Foods’s payout ratio is currently 123.08%.

Analyst Ratings Changes

Several brokerages recently weighed in on JJSF. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J & J Snack Foods in a report on Wednesday, June 24th. Benchmark lowered their price target on shares of 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. Jefferies Financial Group raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and increased their price objective for the company from $81.00 to $101.00 in a research report on Thursday, August 6th. Finally, Zacks Research lowered shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $110.50.

About J & J Snack Foods

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.