J&J Snack Foods Corp. (NASDAQ:JJSF) Stake Boosted by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 86.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,082 shares of the company's stock after acquiring an additional 11,188 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.12% of J&J Snack Foods worth $3,736,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in JJSF. Summit Investment Advisors Inc. grew its stake in shares of J&J Snack Foods by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,596 shares of the company's stock worth $248,000 after purchasing an additional 101 shares in the last quarter. Huntington National Bank lifted its holdings in J&J Snack Foods by 25.4% in the fourth quarter. Huntington National Bank now owns 513 shares of the company's stock worth $80,000 after purchasing an additional 104 shares during the period. Blue Trust Inc. grew its position in J&J Snack Foods by 27.4% in the 4th quarter. Blue Trust Inc. now owns 498 shares of the company's stock valued at $86,000 after buying an additional 107 shares in the last quarter. Alliancebernstein L.P. increased its stake in J&J Snack Foods by 0.7% during the 4th quarter. Alliancebernstein L.P. now owns 16,946 shares of the company's stock valued at $2,629,000 after buying an additional 125 shares during the period. Finally, Bridge City Capital LLC increased its stake in J&J Snack Foods by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 16,571 shares of the company's stock valued at $2,571,000 after buying an additional 147 shares during the period. Institutional investors own 76.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on JJSF shares. Jefferies Financial Group reduced their price target on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating for the company in a research note on Tuesday, February 18th. Benchmark cut their target price on J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th.

J&J Snack Foods Trading Down 0.9%

JJSF stock traded down $0.98 during trading hours on Thursday, hitting $112.60. 125,692 shares of the stock traded hands, compared to its average volume of 108,829. The stock has a 50-day simple moving average of $127.73 and a 200 day simple moving average of $142.26. The company has a market cap of $2.19 billion, a P/E ratio of 25.94 and a beta of 0.49. J&J Snack Foods Corp. has a one year low of $112.10 and a one year high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted 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 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 business's revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Analysts forecast 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 $0.78 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $3.12 annualized dividend and a dividend yield of 2.77%. J&J Snack Foods's dividend payout ratio is currently 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.