Charles Schwab Investment Management Inc. Increases Holdings in J & J Snack Foods Corp. $JJSF

Key Points

• Charles Schwab Investment Management Inc. increased its stake in J & J Snack Foods by 1.4% during Q1, now owning 188,327 shares valued at $24.8 million.
• J & J Snack Foods recently raised its quarterly dividend from $0.78 to $0.80 per share, representing a yield of 2.8%.
• The company's stock performance shows a 52-week range with a low of $106.40 and a high of $180.80, and it had a PE ratio of 26.18 as of last closing.

Charles Schwab Investment Management Inc. raised its stake in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,327 shares of the company's stock after purchasing an additional 2,658 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.97% of J & J Snack Foods worth $24,806,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new stake in shares of J & J Snack Foods in the fourth quarter worth approximately $55,000. CWM LLC raised its stake in shares of J & J Snack Foods by 301.3% in the first quarter. CWM LLC now owns 634 shares of the company's stock worth $84,000 after purchasing an additional 476 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of J & J Snack Foods by 1,200.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,807 shares of the company's stock worth $280,000 after purchasing an additional 1,668 shares during the last quarter. Gotham Asset Management LLC raised its stake in shares of J & J Snack Foods by 56.5% in the fourth quarter. Gotham Asset Management LLC now owns 1,818 shares of the company's stock worth $282,000 after purchasing an additional 656 shares during the last quarter. Finally, Nebula Research & Development LLC purchased a new stake in shares of J & J Snack Foods in the fourth quarter worth approximately $296,000. 76.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen raised J & J Snack Foods from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Benchmark decreased their price target on 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. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $142.50.

J & J Snack Foods Stock Performance

NASDAQ:JJSF traded down $2.04 during trading hours on Tuesday, reaching $113.50. The stock had a trading volume of 182,033 shares, compared to its average volume of 175,892. The stock has a 50 day simple moving average of $114.75 and a 200 day simple moving average of $122.07. J & J Snack Foods Corp. has a 12-month low of $106.40 and a 12-month high of $180.80. The stock has a market cap of $2.21 billion, a P/E ratio of 26.46 and a beta of 0.45.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.26. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The business had revenue of $454.30 million during the quarter, compared to the consensus estimate of $445.98 million. During the same period last year, the business posted $1.98 earnings per share. The business's revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts expect that J & J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J & J Snack Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 16th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.8%. This is a boost from J & J Snack Foods's previous quarterly dividend of $0.78. The ex-dividend date is Tuesday, September 16th. J & J Snack Foods's dividend payout ratio (DPR) is presently 72.73%.

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.