Alpine Global Management LLC Purchases Shares of 5,035 J&J Snack Foods Corp. (NASDAQ:JJSF)

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

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in J&J Snack Foods by 1.2% in 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 during the period. Thrivent Financial for Lutherans grew its holdings 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 purchasing an additional 2,357 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in J&J Snack Foods by 1.5% in the 4th quarter. Westwood Holdings Group Inc. now owns 504,018 shares of the company's stock valued at $78,188,000 after purchasing an additional 7,535 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in J&J Snack Foods by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 468,298 shares of the company's stock valued at $72,648,000 after buying an additional 6,544 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in J&J Snack Foods by 0.6% in the fourth quarter. Bank of America Corp DE now owns 271,404 shares of the company's stock valued at $42,103,000 after buying an additional 1,530 shares in the last quarter. 76.04% of the stock is owned by institutional investors.

J&J Snack Foods Stock Down 1.0%

Shares of NASDAQ:JJSF traded down $1.14 during trading on Friday, hitting $111.46. 104,165 shares of the company were exchanged, compared to its average volume of 109,416. The business's 50 day moving average is $126.93 and its 200-day moving average is $141.23. The company has a market capitalization of $2.17 billion, a P/E ratio of 25.68 and a beta of 0.49. J&J Snack Foods Corp. has a 1-year low of $111.11 and a 1-year high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly 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). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The company had revenue of $356.10 million for the quarter, compared to analyst estimates of $369.01 million. During the same quarter last year, the company posted $0.84 earnings per share. The firm's quarterly revenue was down 1.0% 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors 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 annualized dividend and a dividend yield of 2.80%. J&J Snack Foods's dividend payout ratio is 80.00%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Benchmark lowered 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 report on Wednesday, May 7th. Jefferies Financial Group lowered their price target on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating for the company in a report on Tuesday, February 18th.

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.