Charles Schwab Investment Management Inc. Grows Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Charles Schwab Investment Management Inc. increased its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 185,669 shares of the company’s stock after purchasing an additional 1,564 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in J&J Snack Foods were worth $28,803,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in J&J Snack Foods by 163.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock valued at $50,000 after purchasing an additional 198 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in J&J Snack Foods in the fourth quarter valued at approximately $74,000. Blue Trust Inc. raised its position in J&J Snack Foods by 27.4% in the fourth quarter. Blue Trust Inc. now owns 498 shares of the company’s stock valued at $86,000 after purchasing an additional 107 shares during the period. GAMMA Investing LLC raised its position in J&J Snack Foods by 32.8% in the fourth quarter. GAMMA Investing LLC now owns 603 shares of the company’s stock valued at $94,000 after purchasing an additional 149 shares during the period. Finally, KBC Group NV raised its position in J&J Snack Foods by 48.2% in the fourth quarter. KBC Group NV now owns 627 shares of the company’s stock valued at $97,000 after purchasing an additional 204 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Stock Down 0.4 %

NASDAQ:JJSF opened at $133.48 on Tuesday. The company has a fifty day simple moving average of $134.72 and a two-hundred day simple moving average of $155.64. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 30.76 and a beta of 0.66. J&J Snack Foods Corp. has a 52 week low of $116.60 and a 52 week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. On average, analysts expect that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.34%. J&J Snack Foods’s payout ratio is currently 71.89%.

Analysts Set New Price Targets

JJSF has been the topic of a number of research analyst reports. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a research report on Tuesday, February 4th. Jefferies Financial Group cut their target price on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th.

About J&J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.