D. E. Shaw & Co. Inc. boosted its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 86.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 24,082 shares of the company's stock after buying an additional 11,188 shares during the period. D. E. Shaw & Co. Inc. owned 0.12% of J&J Snack Foods worth $3,736,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake 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 buying an additional 20,238 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of J&J Snack Foods by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company's stock valued at $100,060,000 after purchasing an additional 2,357 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of J&J Snack Foods by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 468,298 shares of the company's stock valued at $72,648,000 after purchasing an additional 6,544 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of J&J Snack Foods by 0.6% during the 4th quarter. Bank of America Corp DE now owns 271,404 shares of the company's stock valued at $42,103,000 after purchasing an additional 1,530 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its holdings in shares of J&J Snack Foods by 5.8% during the 4th quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company's stock valued at $38,596,000 after purchasing an additional 13,653 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company's stock.
J&J Snack Foods Trading Down 1.0%
Shares of NASDAQ:JJSF traded down $1.14 during trading on Friday, reaching $111.46. The company's stock had a trading volume of 104,165 shares, compared to its average volume of 109,416. J&J Snack Foods Corp. has a 12 month low of $111.11 and a 12 month high of $180.80. The firm's 50 day simple moving average is $126.93 and its two-hundred day simple moving average is $141.49. The stock has a market capitalization of $2.17 billion, a PE ratio of 25.68 and a beta of 0.49.
J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly 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). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. The business had revenue of $356.10 million during the quarter, compared to the consensus estimate of $369.01 million. During the same period in the previous year, the business posted $0.84 EPS. The firm's revenue was down 1.0% on a year-over-year basis. Research analysts anticipate that J&J Snack Foods Corp. will post 4.75 EPS 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. Shareholders of record on Tuesday, June 17th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, June 17th. J&J Snack Foods's payout ratio is currently 80.00%.
Analyst Ratings Changes
JJSF has been the subject of several research reports. Benchmark dropped their price objective on shares of 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. Jefferies Financial Group dropped their price objective 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.
Get Our Latest Stock Report on JJSF
About J&J Snack Foods
(
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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