Price T Rowe Associates Inc. MD Purchases 991 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Price T Rowe Associates Inc. MD grew its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,117 shares of the company’s stock after purchasing an additional 991 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in J&J Snack Foods were worth $1,880,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in JJSF. Vanguard Group Inc. increased its holdings in J&J Snack Foods by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company’s stock valued at $256,457,000 after buying an additional 20,238 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of J&J Snack Foods by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company’s stock valued at $100,060,000 after acquiring an additional 2,357 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of J&J Snack Foods by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 468,298 shares of the company’s stock worth $72,648,000 after purchasing an additional 6,544 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in J&J Snack Foods by 5.8% in the 4th quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock worth $38,596,000 after purchasing an additional 13,653 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its position in J&J Snack Foods by 4.0% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 234,716 shares of the company’s stock valued at $36,411,000 after purchasing an additional 9,103 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on JJSF. Benchmark decreased their price objective on J&J Snack Foods from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday. Jefferies Financial Group decreased their target price 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 JJSF stock opened at $113.77 on Thursday. The stock has a fifty day simple moving average of $131.63 and a two-hundred day simple moving average of $145.67. J&J Snack Foods Corp. has a 52-week low of $112.40 and a 52-week high of $180.80. The firm has a market capitalization of $2.22 billion, a PE ratio of 26.21 and a beta of 0.49.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.34). The business had revenue of $356.10 million during the quarter, compared to analysts’ expectations of $369.01 million. J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share. On average, sell-side analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.74%. The ex-dividend date was Tuesday, March 18th. J&J Snack Foods’s payout ratio is currently 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.