Landscape Capital Management L.L.C. Purchases Shares of 3,861 J&J Snack Foods Corp. (NASDAQ:JJSF)

Landscape Capital Management L.L.C. purchased a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,861 shares of the company’s stock, valued at approximately $665,000.

A number of other large investors also recently made changes to their positions in the business. Intech Investment Management LLC acquired a new position in J&J Snack Foods in the third quarter valued at $654,000. Segall Bryant & Hamill LLC lifted its holdings in shares of J&J Snack Foods by 5.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 24,960 shares of the company’s stock worth $4,296,000 after acquiring an additional 1,324 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of J&J Snack Foods by 19.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock worth $110,612,000 after acquiring an additional 106,817 shares during the period. Geneva Capital Management LLC boosted its position in shares of J&J Snack Foods by 1.4% in the third quarter. Geneva Capital Management LLC now owns 526,660 shares of the company’s stock worth $90,649,000 after acquiring an additional 7,283 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of J&J Snack Foods in the third quarter worth approximately $448,000. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a research note on Friday, November 15th.

J&J Snack Foods Stock Performance

JJSF opened at $171.16 on Friday. The company has a market cap of $3.32 billion, a PE ratio of 38.46 and a beta of 0.63. J&J Snack Foods Corp. has a 1 year low of $133.23 and a 1 year high of $180.80. The firm has a 50 day moving average price of $168.66 and a 200 day moving average price of $166.96.

J&J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.25). The firm had revenue of $426.76 million for the quarter, compared to analyst estimates of $428.33 million. J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 earnings per share. On average, sell-side analysts predict that J&J Snack Foods Corp. will post 5.49 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a yield of 1.82%. J&J Snack Foods’s dividend payout ratio (DPR) is presently 70.11%.

Insiders Place Their Bets

In related news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total value of $3,359,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 22.20% of the stock is owned by company insiders.

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.