Insider Selling: J & J Snack Foods Corp (NASDAQ:JJSF) Insider Sells $1,409,100.00 in Stock

J & J Snack Foods Corp (NASDAQ:JJSF) insider Dan Fachner sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $187.88, for a total transaction of $1,409,100.00. Following the sale, the insider now owns 102,296 shares of the company’s stock, valued at approximately $19,219,372.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ:JJSF opened at $193.51 on Friday. The company has a market capitalization of $3.53 billion, a PE ratio of 47.66 and a beta of 0.40. J & J Snack Foods Corp has a twelve month low of $138.40 and a twelve month high of $194.76. The firm has a 50 day simple moving average of $171.57 and a 200-day simple moving average of $161.54.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, July 29th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.08. The business had revenue of $326.70 million during the quarter, compared to the consensus estimate of $311.67 million. J & J Snack Foods had a net margin of 7.84% and a return on equity of 11.65%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 EPS. As a group, equities research analysts expect that J & J Snack Foods Corp will post 4.97 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC lifted its position in shares of J & J Snack Foods by 10.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 79,890 shares of the company’s stock worth $12,690,000 after buying an additional 7,678 shares during the last quarter. Copeland Capital Management LLC raised its position in J & J Snack Foods by 21.2% in the 2nd quarter. Copeland Capital Management LLC now owns 184,531 shares of the company’s stock valued at $29,701,000 after purchasing an additional 32,260 shares during the last quarter. First Trust Advisors LP raised its position in J & J Snack Foods by 179.0% in the 1st quarter. First Trust Advisors LP now owns 37,417 shares of the company’s stock valued at $5,943,000 after purchasing an additional 24,008 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in J & J Snack Foods by 2.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 21,658 shares of the company’s stock valued at $3,440,000 after purchasing an additional 501 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in J & J Snack Foods by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 444,448 shares of the company’s stock valued at $64,262,000 after purchasing an additional 8,403 shares during the last quarter. Institutional investors and hedge funds own 73.87% of the company’s stock.

Several brokerages have recently weighed in on JJSF. Zacks Investment Research upgraded shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a research report on Friday, August 2nd. BidaskClub upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Consumer Edge upgraded shares of J & J Snack Foods from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 9th.

J & J Snack Foods Company Profile

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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