GAMMA Investing LLC increased its position in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 7,763.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,419 shares of the company's stock after acquiring an additional 46,816 shares during the quarter. GAMMA Investing LLC owned about 0.24% of J&J Snack Foods worth $6,246,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JJSF. Norges Bank purchased a new stake in J&J Snack Foods in the 4th quarter worth approximately $28,647,000. Susquehanna International Group LLP increased its holdings in J&J Snack Foods by 45,128.9% in the 4th quarter. Susquehanna International Group LLP now owns 34,222 shares of the company's stock worth $5,309,000 after acquiring an additional 34,298 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in J&J Snack Foods by 60.6% in the 4th quarter. JPMorgan Chase & Co. now owns 71,571 shares of the company's stock worth $11,103,000 after acquiring an additional 26,999 shares in the last quarter. Northern Trust Corp increased its holdings in J&J Snack Foods by 10.8% in the 4th quarter. Northern Trust Corp now owns 209,898 shares of the company's stock worth $32,561,000 after acquiring an additional 20,449 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in J&J Snack Foods by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock worth $256,457,000 after acquiring an additional 20,238 shares in the last quarter. 76.04% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on JJSF. Jefferies Financial Group reduced their target price on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating for the company in a report on Tuesday, February 18th. 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. Finally, Wall Street Zen upgraded J&J Snack Foods from a "sell" rating to a "hold" rating in a research note on Friday, June 6th.
Get Our Latest Research Report on JJSF
J&J Snack Foods Price Performance
Shares of NASDAQ JJSF traded down $1.05 during midday trading on Friday, reaching $115.05. 142,367 shares of the stock traded hands, compared to its average volume of 112,127. The stock has a market capitalization of $2.24 billion, a PE ratio of 26.51 and a beta of 0.44. J&J Snack Foods Corp. has a one year low of $111.11 and a one year high of $180.80. The company's 50 day moving average is $122.38 and its 200 day moving average is $135.94.
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 firm 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 5.31% and a return on equity of 9.84%. The firm's revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. As a group, equities analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current year.
J&J Snack Foods Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $3.12 annualized dividend and a dividend yield of 2.71%. J&J Snack Foods's dividend payout ratio is currently 80.00%.
J&J Snack Foods Profile
(
Free Report)
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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