Envestnet Asset Management Inc. Purchases 2,431 Shares of J & J Snack Foods Corp. (NASDAQ:JJSF)

Envestnet Asset Management Inc. increased its position in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 10.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,615 shares of the company's stock after purchasing an additional 2,431 shares during the period. Envestnet Asset Management Inc. owned approximately 0.14% of J & J Snack Foods worth $3,506,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp lifted its position in J & J Snack Foods by 1.0% during the first quarter. Bank of New York Mellon Corp now owns 162,460 shares of the company's stock valued at $21,399,000 after purchasing an additional 1,565 shares during the period. Principal Financial Group Inc. grew its holdings in J & J Snack Foods by 2.7% during the first quarter. Principal Financial Group Inc. now owns 77,823 shares of the company's stock valued at $10,251,000 after purchasing an additional 2,026 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in J & J Snack Foods by 1.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,629,344 shares of the company's stock valued at $216,035,000 after purchasing an additional 24,139 shares during the period. Advisor Resource Council bought a new position in shares of J & J Snack Foods in the first quarter worth approximately $540,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of J & J Snack Foods by 26.5% in the first quarter. Exchange Traded Concepts LLC now owns 13,487 shares of the company's stock worth $1,777,000 after acquiring an additional 2,829 shares during the period. Institutional investors own 76.04% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on JJSF shares. Wall Street Zen lowered J & J Snack Foods from a "hold" rating to a "sell" rating in a research note on Sunday, June 29th. Benchmark dropped 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 note on Wednesday, May 7th.

J & J Snack Foods Trading Up 0.4%

Shares of J & J Snack Foods stock opened at $117.56 on Friday. The stock has a 50 day moving average of $115.30 and a 200 day moving average of $125.82. J & J Snack Foods Corp. has a 12 month low of $109.71 and a 12 month high of $180.80. The firm has a market cap of $2.29 billion, a PE ratio of 30.14 and a beta of 0.44.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its earnings results 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 the consensus estimate of $369.01 million. J & J Snack Foods had a net margin of 4.79% and a return on equity of 8.78%. The business's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. As a group, equities research analysts forecast that J & J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J & J Snack Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Tuesday, June 17th. J & J Snack Foods's dividend payout ratio is currently 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.

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