Alpine Global Management LLC Takes $781,000 Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Alpine Global Management LLC bought a new stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,035 shares of the company's stock, valued at approximately $781,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its holdings in J&J Snack Foods by 163.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock worth $50,000 after purchasing an additional 198 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in J&J Snack Foods in the fourth quarter worth about $74,000. 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 valued at $80,000 after acquiring an additional 104 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of 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 period. Finally, GAMMA Investing LLC raised its position in shares of J&J Snack Foods by 32.8% in the 4th quarter. GAMMA Investing LLC now owns 603 shares of the company's stock worth $94,000 after acquiring an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JJSF shares. Jefferies Financial Group dropped 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 report on Tuesday, February 18th. Benchmark reissued a "buy" rating and set a $200.00 price objective on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

J&J Snack Foods Stock Down 0.9 %

Shares of NASDAQ:JJSF traded down $1.15 on Friday, hitting $128.52. 119,779 shares of the company traded hands, compared to its average volume of 103,721. The stock has a 50 day simple moving average of $132.35 and a 200-day simple moving average of $147.99. The company has a market cap of $2.50 billion, a PE ratio of 29.61 and a beta of 0.48. 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 - Get Free Report) last released its quarterly earnings data 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%. As a group, sell-side analysts anticipate that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, March 18th. J&J Snack Foods's dividend 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.