Radnor Capital Management LLC Takes $586,000 Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Radnor Capital Management LLC bought a new position in J&J Snack Foods Corp. (NASDAQ:JJSF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,402 shares of the company’s stock, valued at approximately $586,000.

Other hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC acquired a new position in shares of J&J Snack Foods in the 1st quarter valued at $29,000. GAMMA Investing LLC grew its holdings in shares of J&J Snack Foods by 603.8% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock worth $59,000 after purchasing an additional 314 shares during the period. Blue Trust Inc. increased its position in J&J Snack Foods by 39,000.0% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after purchasing an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in J&J Snack Foods in the second quarter valued at approximately $76,000. Finally, Covestor Ltd lifted its position in J&J Snack Foods by 54,200.0% during the first quarter. Covestor Ltd now owns 543 shares of the company’s stock valued at $78,000 after buying an additional 542 shares in the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a research note on Tuesday, October 29th.

Insider Activity at J&J Snack Foods

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

J&J Snack Foods Price Performance

JJSF stock opened at $179.02 on Thursday. The firm has a market cap of $3.48 billion, a P/E ratio of 39.78 and a beta of 0.63. The stock has a 50-day simple moving average of $167.93 and a 200-day simple moving average of $164.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.39 and a current ratio of 2.27. J&J Snack Foods Corp. has a 1 year low of $133.23 and a 1 year high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Monday, August 5th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). The business had revenue of $439.96 million during the quarter, compared to analyst estimates of $440.92 million. J&J Snack Foods had a net margin of 5.49% and a return on equity of 10.70%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.92 earnings per share. On average, equities analysts predict that J&J Snack Foods Corp. will post 5.21 earnings per share for the current fiscal year.

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.