Champlain Investment Partners LLC Has $65.02 Million Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Champlain Investment Partners LLC grew its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 377,750 shares of the company’s stock after purchasing an additional 8,187 shares during the quarter. Champlain Investment Partners LLC owned about 1.94% of J&J Snack Foods worth $65,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of JJSF. Arizona State Retirement System raised its holdings in J&J Snack Foods by 1.9% during the second quarter. Arizona State Retirement System now owns 4,341 shares of the company’s stock valued at $705,000 after buying an additional 83 shares in the last quarter. Creative Planning raised its stake in shares of J&J Snack Foods by 1.9% in the 3rd quarter. Creative Planning now owns 4,683 shares of the company’s stock valued at $806,000 after acquiring an additional 86 shares in the last quarter. GAMMA Investing LLC lifted its holdings in J&J Snack Foods by 24.0% in the 3rd quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $78,000 after purchasing an additional 88 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in J&J Snack Foods by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the company’s stock worth $1,266,000 after purchasing an additional 100 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its holdings in J&J Snack Foods by 1.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 11,878 shares of the company’s stock valued at $2,044,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

Insider Activity at J&J Snack Foods

In related news, Director Gerald B. Shreiber sold 20,000 shares of the business’s stock in a transaction dated Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 22.20% of the company’s stock.

J&J Snack Foods Price Performance

JJSF stock opened at $171.16 on Friday. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 38.46 and a beta of 0.63. The company has a 50-day moving average of $168.58 and a two-hundred day moving average of $166.69. J&J Snack Foods Corp. has a 52-week low of $133.23 and a 52-week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Wednesday, November 13th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.25). The business had revenue of $426.76 million for the quarter, compared to the consensus estimate of $428.33 million. J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. J&J Snack Foods’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 EPS. Equities analysts expect that J&J Snack Foods Corp. will post 5.49 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

About J&J Snack Foods

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.