J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Purchased by Bridge City Capital LLC

Bridge City Capital LLC increased its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 37.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,853 shares of the company's stock after purchasing an additional 6,282 shares during the period. Bridge City Capital LLC owned 0.12% of J&J Snack Foods worth $3,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in J&J Snack Foods by 163.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock valued at $50,000 after purchasing an additional 198 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in J&J Snack Foods in the 4th quarter valued at $55,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of J&J Snack Foods in the fourth quarter valued at about $74,000. Huntington National Bank raised its position in shares of J&J Snack Foods by 25.4% during the 4th quarter. Huntington National Bank now owns 513 shares of the company's stock worth $80,000 after purchasing an additional 104 shares during the last quarter. Finally, KBC Group NV lifted its stake in J&J Snack Foods by 48.2% in the 4th quarter. KBC Group NV now owns 627 shares of the company's stock valued at $97,000 after buying an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company's stock.

J&J Snack Foods Trading Up 0.7%

JJSF stock traded up $0.84 during midday trading on Thursday, hitting $116.10. 207,478 shares of the company's stock were exchanged, compared to its average volume of 111,778. J&J Snack Foods Corp. has a 1-year low of $111.11 and a 1-year high of $180.80. The business has a 50-day simple moving average of $123.01 and a two-hundred day simple moving average of $136.48. The stock has a market capitalization of $2.26 billion, a PE ratio of 26.75 and a beta of 0.44.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.34). The company had revenue of $356.10 million during 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%. The company's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 EPS. As a group, research analysts expect that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th will be issued 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 2.69%. J&J Snack Foods's dividend payout ratio is currently 80.00%.

Analyst Upgrades and Downgrades

Several research firms recently commented on JJSF. Jefferies Financial Group reduced 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 note on Tuesday, February 18th. Wall Street Zen upgraded shares of J&J Snack Foods from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Benchmark decreased their target price on shares of J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th.

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.