Exchange Traded Concepts LLC Acquires 2,829 Shares of J & J Snack Foods Corp. (NASDAQ:JJSF)

Exchange Traded Concepts LLC raised its holdings in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 26.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,487 shares of the company's stock after buying an additional 2,829 shares during the period. Exchange Traded Concepts LLC owned 0.07% of J & J Snack Foods worth $1,777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its position in shares of J & J Snack Foods by 163.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock valued at $50,000 after acquiring an additional 198 shares during the last quarter. Johnson Financial Group Inc. bought a new position in J & J Snack Foods in the fourth quarter valued at approximately $55,000. Huntington National Bank increased 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. Virtu Financial LLC acquired a new position in shares of J & J Snack Foods during the 4th quarter worth approximately $206,000. Finally, Cibc World Markets Corp bought a new stake in shares of J & J Snack Foods during the 4th quarter worth approximately $221,000. 76.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JJSF. Wall Street Zen raised shares of J & J Snack Foods from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Benchmark reduced their price target 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 Stock Down 0.1%

Shares of J & J Snack Foods stock traded down $0.11 on Thursday, hitting $111.76. The stock had a trading volume of 351,436 shares, compared to its average volume of 113,799. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 28.66 and a beta of 0.44. The business's 50 day moving average is $121.21 and its two-hundred day moving average is $134.45. J & J Snack Foods Corp. has a twelve month low of $109.71 and a twelve month high of $180.80.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued 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 business had revenue of $356.10 million during the quarter, compared to analyst estimates of $369.01 million. J & J Snack Foods had a return on equity of 8.78% and a net margin of 4.79%. J & J Snack Foods's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. As a group, equities analysts predict that J & J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J & J Snack Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be given a dividend of $0.78 per share. The ex-dividend date is Tuesday, June 17th. This represents a $3.12 annualized dividend and a yield of 2.79%. J & J Snack Foods's dividend payout ratio is 80.00%.

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.