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

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of J&J Snack Foods in the 4th quarter valued at $28,647,000. Susquehanna International Group LLP lifted its holdings in J&J Snack Foods by 45,128.9% in the fourth quarter. Susquehanna International Group LLP now owns 34,222 shares of the company's stock valued at $5,309,000 after buying an additional 34,298 shares during the period. JPMorgan Chase & Co. boosted its position in J&J Snack Foods by 60.6% during the fourth quarter. JPMorgan Chase & Co. now owns 71,571 shares of the company's stock valued at $11,103,000 after acquiring an additional 26,999 shares during the last quarter. Barclays PLC boosted its position in J&J Snack Foods by 434.0% during the third quarter. Barclays PLC now owns 30,065 shares of the company's stock valued at $5,175,000 after acquiring an additional 24,435 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in J&J Snack Foods by 10.8% during the 4th quarter. Northern Trust Corp now owns 209,898 shares of the company's stock worth $32,561,000 after acquiring an additional 20,449 shares during the period. 76.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

J&J Snack Foods Trading Down 0.1%

NASDAQ JJSF traded down $0.13 on Wednesday, hitting $113.38. 41,953 shares of the company were exchanged, compared to its average volume of 109,615. The company has a market cap of $2.21 billion, a PE ratio of 26.12 and a beta of 0.49. The stock has a fifty day moving average of $126.29 and a 200-day moving average of $140.35. J&J Snack Foods Corp. has a 12 month low of $111.11 and a 12 month high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.34). The company had revenue of $356.10 million for the quarter, compared to analyst estimates of $369.01 million. J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. J&J Snack Foods's revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 EPS. On average, analysts expect that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th will be paid a $0.78 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $3.12 dividend on an annualized basis and a yield of 2.75%. J&J Snack Foods's dividend payout ratio (DPR) is presently 80.00%.

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.