Virtu Financial LLC Acquires Shares of 1,330 J&J Snack Foods Corp. (NASDAQ:JJSF)

Virtu Financial LLC bought a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,330 shares of the company’s stock, valued at approximately $206,000.

A number of other large investors have also added to or reduced their stakes in the business. Intech Investment Management LLC acquired a new stake in shares of J&J Snack Foods during the third quarter worth $654,000. Charles Schwab Investment Management Inc. raised its holdings in J&J Snack Foods by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,105 shares of the company’s stock valued at $31,688,000 after acquiring an additional 1,446 shares in the last quarter. FMR LLC grew its holdings in shares of J&J Snack Foods by 109.9% during the 3rd quarter. FMR LLC now owns 1,954 shares of the company’s stock worth $336,000 after purchasing an additional 1,023 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of J&J Snack Foods by 40.4% in the third quarter. BNP Paribas Financial Markets now owns 11,279 shares of the company’s stock worth $1,941,000 after purchasing an additional 3,246 shares during the period. Finally, Glenmede Trust Co. NA acquired a new position in J&J Snack Foods in the third quarter valued at about $204,000. Institutional investors own 76.04% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on JJSF. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a report on Tuesday, February 4th. Jefferies Financial Group decreased their price objective on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th.

J&J Snack Foods Stock Performance

Shares of NASDAQ:JJSF opened at $130.14 on Friday. J&J Snack Foods Corp. has a 52 week low of $116.60 and a 52 week high of $180.80. The firm has a market cap of $2.54 billion, a PE ratio of 29.99 and a beta of 0.66. The firm’s fifty day moving average is $131.84 and its 200-day moving average is $153.24.

J&J Snack Foods (NASDAQ:JJSF) last announced its 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%. Sell-side analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Tuesday, March 18th. J&J Snack Foods’s payout ratio is presently 71.89%.

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.