American Century Companies Inc. Increases Stake in J & J Snack Foods Corp. $JJSF

Key Points

• American Century Companies Inc. increased its stake in J & J Snack Foods Corp. by 184.6% during the first quarter, owning 9,765 shares valued at approximately $1.29 million.
• J & J Snack Foods recently declared a quarterly dividend of $0.80, up from $0.78, indicating a healthy dividend yield of 2.9%.
• Analysts currently have a consensus rating of "Moderate Buy" for J & J Snack Foods, with an average price target of $142.50.

American Century Companies Inc. increased its holdings in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 184.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,765 shares of the company's stock after acquiring an additional 6,334 shares during the quarter. American Century Companies Inc. owned approximately 0.05% of J & J Snack Foods worth $1,286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nicolet Advisory Services LLC grew its stake in J & J Snack Foods by 4.8% during the first quarter. Nicolet Advisory Services LLC now owns 2,400 shares of the company's stock worth $318,000 after buying an additional 110 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in J & J Snack Foods by 3.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,835 shares of the company's stock valued at $637,000 after acquiring an additional 140 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of J & J Snack Foods by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,682 shares of the company's stock worth $1,347,000 after purchasing an additional 332 shares during the period. CWM LLC grew its holdings in J & J Snack Foods by 301.3% during the first quarter. CWM LLC now owns 634 shares of the company's stock worth $84,000 after acquiring an additional 476 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in J & J Snack Foods by 7.6% in the 1st quarter. Victory Capital Management Inc. now owns 6,783 shares of the company's stock valued at $893,000 after purchasing an additional 479 shares during the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

J & J Snack Foods Price Performance

Shares of J & J Snack Foods stock traded down $2.08 during trading on Monday, hitting $106.92. 43,250 shares of the company's stock traded hands, compared to its average volume of 153,700. J & J Snack Foods Corp. has a twelve month low of $106.40 and a twelve month high of $180.80. The firm's fifty day moving average price is $114.30 and its 200 day moving average price is $121.19. The company has a market cap of $2.08 billion, a PE ratio of 25.01 and a beta of 0.42.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.26. The firm had revenue of $454.30 million during the quarter, compared to analysts' expectations of $445.98 million. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.98 EPS. As a group, equities research 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.80 per share. This is a boost from J & J Snack Foods's previous quarterly dividend of $0.78. The ex-dividend date is Tuesday, September 16th. This represents a $3.20 annualized dividend and a yield of 3.0%. J & J Snack Foods's dividend payout ratio (DPR) is 72.73%.

Wall Street Analysts Forecast Growth

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

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.