Advisor Resource Council Takes Position in J & J Snack Foods Corp. (NASDAQ:JJSF)

Advisor Resource Council acquired a new stake in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,296 shares of the company's stock, valued at approximately $540,000.

Several other institutional investors have also added to or reduced their stakes in JJSF. KLP Kapitalforvaltning AS bought a new stake in shares of J & J Snack Foods during the 4th quarter valued at $530,000. Vanguard Group Inc. grew its holdings in J & J Snack Foods by 1.2% during the 4th 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 in the last quarter. Raymond James Financial Inc. purchased a new position in J & J Snack Foods during the 4th quarter valued at about $674,000. Smartleaf Asset Management LLC increased its position in shares of J & J Snack Foods by 163.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock valued at $50,000 after buying an additional 198 shares during the period. Finally, Bank of Montreal Can increased its position in shares of J & J Snack Foods by 18.3% during the fourth quarter. Bank of Montreal Can now owns 2,002 shares of the company's stock valued at $311,000 after buying an additional 310 shares during the period. 76.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JJSF. Wall Street Zen upgraded shares of J & J Snack Foods from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Benchmark reduced their price target on shares of J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th.

J & J Snack Foods Trading Up 2.6%

Shares of JJSF traded up $2.89 during midday trading on Thursday, reaching $115.70. The stock had a trading volume of 149,217 shares, compared to its average volume of 116,117. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 29.67 and a beta of 0.44. The company's 50-day moving average is $118.77 and its 200 day moving average is $132.36. J & J Snack Foods Corp. has a 12-month low of $109.71 and a 12-month high of $180.80.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.34). The firm 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 8.78% and a net margin of 4.79%. The firm's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. Research 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.70%. J & J Snack Foods's dividend payout ratio (DPR) is 80.00%.

J & J Snack Foods 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.