Vanguard Group Inc. Raises Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Vanguard Group Inc. grew its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,653,173 shares of the company’s stock after acquiring an additional 20,238 shares during the period. Vanguard Group Inc. owned about 0.08% of J&J Snack Foods worth $256,457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its stake in J&J Snack Foods by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company’s stock worth $100,060,000 after purchasing an additional 2,357 shares during the period. State Street Corp boosted its position in shares of J&J Snack Foods by 2.9% during the third quarter. State Street Corp now owns 602,295 shares of the company’s stock worth $104,140,000 after acquiring an additional 17,062 shares during the last quarter. DAVENPORT & Co LLC grew its stake in J&J Snack Foods by 5.8% during the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock valued at $38,596,000 after acquiring an additional 13,653 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in J&J Snack Foods by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 185,669 shares of the company’s stock valued at $28,803,000 after acquiring an additional 1,564 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in J&J Snack Foods by 1.9% in the 4th quarter. Sei Investments Co. now owns 121,818 shares of the company’s stock worth $18,898,000 after purchasing an additional 2,286 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Stock Up 0.3 %

JJSF stock opened at $134.10 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 capitalization of $2.61 billion, a P/E ratio of 30.90 and a beta of 0.48. The company has a fifty day simple moving average of $131.03 and a two-hundred day simple moving average of $152.23.

J&J Snack Foods (NASDAQ:JJSF) last released 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%. As a group, analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be given a $0.78 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.33%. J&J Snack Foods’s dividend payout ratio is presently 71.89%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JJSF. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of J&J Snack Foods in a research report on Tuesday, February 4th. Jefferies Financial Group reduced their price objective on 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 Company Profile

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.