5,800 Shares in J & J Snack Foods Corp. $JJSF Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired 5,800 shares of J & J Snack Foods Corp., valued at approximately $764,000, during the first quarter.
• J & J Snack Foods recently increased its quarterly dividend to $0.80 per share, representing a 3.0% yield and showing growth from the previous dividend of $0.78.
• Wall Street analysts have a consensus rating of "Moderate Buy" for J & J Snack Foods, with a target price of $142.50 per share.

Dynamic Technology Lab Private Ltd acquired a new position in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,800 shares of the company's stock, valued at approximately $764,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of J & J Snack Foods by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 77,823 shares of the company's stock worth $10,251,000 after buying an additional 2,026 shares during the period. Envestnet Asset Management Inc. boosted its stake in J & J Snack Foods by 10.1% during the first quarter. Envestnet Asset Management Inc. now owns 26,615 shares of the company's stock worth $3,506,000 after acquiring an additional 2,431 shares in the last quarter. Raymond James Financial Inc. grew its holdings in J & J Snack Foods by 877.3% in the first quarter. Raymond James Financial Inc. now owns 42,484 shares of the company's stock worth $5,597,000 after purchasing an additional 38,137 shares during the period. Bank of New York Mellon Corp increased its stake in shares of J & J Snack Foods by 1.0% during the first quarter. Bank of New York Mellon Corp now owns 162,460 shares of the company's stock valued at $21,399,000 after purchasing an additional 1,565 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of J & J Snack Foods by 4.6% during the first quarter. Invesco Ltd. now owns 78,008 shares of the company's stock valued at $10,275,000 after purchasing an additional 3,442 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company's stock.

J & J Snack Foods Stock Down 0.6%

NASDAQ:JJSF opened at $108.34 on Tuesday. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 25.25 and a beta of 0.42. The company's 50 day moving average price is $114.20 and its 200-day moving average price is $121.05. J & J Snack Foods Corp. has a 52 week low of $106.40 and a 52 week high of $180.80.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.26. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The business had revenue of $454.30 million for the quarter, compared to analysts' expectations of $445.98 million. During the same period in the prior year, the firm posted $1.98 EPS. The firm's quarterly revenue was up 3.3% on a year-over-year basis. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 16th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.0%. This is a boost from J & J Snack Foods's previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Tuesday, September 16th. J & J Snack Foods's payout ratio is 72.73%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised J & J Snack Foods from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.50.

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.

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