J & J Snack Foods Corp (JJSF) : Rk Asset Management reduced its stake in J & J Snack Foods Corp by 10.84% during the most recent quarter end. The investment management company now holds a total of 34,470 shares of J & J Snack Foods Corp which is valued at $4,094,347 after selling 4,190 shares in J & J Snack Foods Corp , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.J & J Snack Foods Corp makes up approximately 3.74% of Rk Asset Management’s portfolio.
Other Hedge Funds, Including , Fisher Asset Management reduced its stake in JJSF by selling 5,800 shares or 9.61% in the most recent quarter. The Hedge Fund company now holds 54,559 shares of JJSF which is valued at $6,480,518. J & J Snack Foods Corp makes up approx 0.01% of Fisher Asset Management’s portfolio.First Mercantile Trust Co reduced its stake in JJSF by selling 1,139 shares or 11.0% in the most recent quarter. The Hedge Fund company now holds 9,219 shares of JJSF which is valued at $1,087,934. J & J Snack Foods Corp makes up approx 0.15% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in JJSF by selling 2,334 shares or 46.03% in the most recent quarter. The Hedge Fund company now holds 2,737 shares of JJSF which is valued at $327,838. Washington Trust Bank added JJSF to its portfolio by purchasing 9 company shares during the most recent quarter which is valued at $1,078.
J & J Snack Foods Corp opened for trading at $118.31 and hit $119.26 on the upside on Tuesday, eventually ending the session at $119.22, with a gain of 0.37% or 0.44 points. The heightened volatility saw the trading volume jump to 93,010 shares. Company has a market cap of $2,224 M.
On the company’s financial health, J & J Snack Foods Corp reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $1.37. The company had revenue of $278.00 million for the quarter, compared to analysts expectations of $284.82 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.30 EPS.
Many Wall Street Analysts have commented on J & J Snack Foods Corp. J & J Snack Foods Corp was Initiated by KeyBanc Capital Mkts to “Sector Weight” on Aug 22, 2016.
J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages which it markets nationally to the food service and retail supermarket industries. The Company operates in three business segments: Food Service Retail Supermarkets and Frozen Beverages. The Company’s principal snack food products are soft pretzels marketed primarily under the brand name SUPERPRETZEL and BAVARIAN BAKERY frozen juice treats and desserts marketed primarily under the LUIGI’S WHOLE FRUIT ICEE PHILLY SWIRL and MINUTE MAID brand names churros marketed primarily under the TIO PEPE’S and CALIFORNIA CHURROS brand names and bakery products sold primarily under the READI-BAKE COUNTRY HOME MARY B’S AND DADDY RAY’S brand names as well as for private label and contract packing.