Invesco Ltd. Purchases 396 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Invesco Ltd. increased its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,566 shares of the company’s stock after acquiring an additional 396 shares during the period. Invesco Ltd.’s holdings in J&J Snack Foods were worth $11,567,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of J&J Snack Foods by 4.1% during the third quarter. Franklin Resources Inc. now owns 1,546 shares of the company’s stock valued at $259,000 after purchasing an additional 61 shares in the last quarter. Huntington National Bank boosted its position in J&J Snack Foods by 25.4% during the 4th quarter. Huntington National Bank now owns 513 shares of the company’s stock worth $80,000 after buying an additional 104 shares during the period. Blue Trust Inc. grew its holdings in J&J Snack Foods by 27.4% during the 4th quarter. Blue Trust Inc. now owns 498 shares of the company’s stock worth $86,000 after acquiring an additional 107 shares during the last quarter. Alliancebernstein L.P. increased its position in J&J Snack Foods by 0.7% in the 4th quarter. Alliancebernstein L.P. now owns 16,946 shares of the company’s stock valued at $2,629,000 after acquiring an additional 125 shares during the period. Finally, Bridge City Capital LLC raised its stake in shares of J&J Snack Foods by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 16,571 shares of the company’s stock valued at $2,571,000 after acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

Analyst Ratings Changes

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

J&J Snack Foods Stock Performance

Shares of NASDAQ JJSF opened at $136.49 on Wednesday. The company’s 50 day moving average price is $131.94 and its 200-day moving average price is $148.62. J&J Snack Foods Corp. has a 52-week low of $116.60 and a 52-week high of $180.80. The company has a market capitalization of $2.66 billion, a P/E ratio of 31.45 and a beta of 0.48.

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

J&J Snack Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.29%. J&J Snack Foods’s payout ratio is 71.89%.

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.