Exchange Traded Concepts LLC Has $1.78 Million Holdings in J & J Snack Foods Corp. (NASDAQ:JJSF)

Exchange Traded Concepts LLC lifted its stake in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 26.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,487 shares of the company's stock after purchasing an additional 2,829 shares during the quarter. Exchange Traded Concepts LLC owned 0.07% of J & J Snack Foods worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its position in J & J Snack Foods by 163.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock worth $50,000 after buying an additional 198 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of J & J Snack Foods during the fourth quarter worth $55,000. Huntington National Bank raised its holdings in shares of J & J Snack Foods by 25.4% during the fourth quarter. Huntington National Bank now owns 513 shares of the company's stock worth $80,000 after acquiring an additional 104 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of J & J Snack Foods during the fourth quarter worth $206,000. Finally, Cibc World Markets Corp purchased a new stake in shares of J & J Snack Foods during the 4th quarter worth about $221,000. 76.04% of the stock is owned by hedge funds and other institutional investors.

J & J Snack Foods Stock Performance

Shares of J & J Snack Foods stock traded up $0.36 during midday trading on Friday, reaching $112.12. 250,323 shares of the company's stock traded hands, compared to its average volume of 113,873. J & J Snack Foods Corp. has a 52 week low of $109.71 and a 52 week high of $180.80. The company's 50 day simple moving average is $120.35 and its 200 day simple moving average is $133.60. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 28.75 and a beta of 0.44.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.34). J & J Snack Foods had a net margin of 4.79% and a return on equity of 8.78%. The company had revenue of $356.10 million for the quarter, compared to analyst estimates of $369.01 million. During the same period in the prior year, the company posted $0.84 EPS. The business's revenue was down 1.0% on a year-over-year basis. As a group, equities research analysts predict that J & J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J & J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th will be issued 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 2.78%. J & J Snack Foods's dividend payout ratio (DPR) is presently 80.00%.

Wall Street Analysts Forecast Growth

JJSF has been the subject of a number of recent research reports. Wall Street Zen raised J & J Snack Foods from a "sell" rating to a "hold" rating in a research note on Saturday. Benchmark cut their price objective on shares of J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a research 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.