Nuveen LLC Takes $5.38 Million Position in J & J Snack Foods Corp. $JJSF

Key Points

• Nuveen LLC has acquired a stake in J & J Snack Foods Corp. by purchasing 40,873 shares, valued at approximately $5,384,000, representing 0.21% of the company.
• J & J Snack Foods recently reported quarterly earnings of $2.00 per share, exceeding analysts' expectations, alongside an annualized dividend increase to $3.20 per share, reflecting a yield of 2.8%.
• Equities analysts have upgraded the stock's rating to "hold" while setting a new average price target of $142.50, signaling moderate confidence in its future performance.

Nuveen LLC purchased a new stake in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 40,873 shares of the company's stock, valued at approximately $5,384,000. Nuveen LLC owned 0.21% of J & J Snack Foods as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JJSF. Johnson Financial Group Inc. acquired a new stake in J & J Snack Foods during the fourth quarter worth $55,000. CWM LLC boosted its stake in J & J Snack Foods by 301.3% during the first quarter. CWM LLC now owns 634 shares of the company's stock worth $84,000 after buying an additional 476 shares in the last quarter. Aigen Investment Management LP acquired a new stake in J & J Snack Foods during the first quarter worth $232,000. MQS Management LLC acquired a new stake in J & J Snack Foods during the first quarter worth $275,000. Finally, Tower Research Capital LLC TRC boosted its stake in J & J Snack Foods by 1,200.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,807 shares of the company's stock worth $280,000 after buying an additional 1,668 shares in the last quarter. Institutional investors own 76.04% of the company's stock.

J & J Snack Foods Trading Down 0.1%

NASDAQ JJSF traded down $0.09 on Friday, hitting $111.57. 91,813 shares of the company were exchanged, compared to its average volume of 166,743. The company has a market cap of $2.17 billion, a P/E ratio of 26.01 and a beta of 0.42. J & J Snack Foods Corp. has a 1-year low of $106.40 and a 1-year high of $180.80. The firm has a 50 day moving average of $114.78 and a two-hundred day moving average of $121.72.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.26. The firm had revenue of $454.30 million during the quarter, compared to analysts' expectations of $445.98 million. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.98 EPS. Research analysts anticipate that J & J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J & J Snack Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $3.20 annualized dividend and a yield of 2.9%. This is an increase from J & J Snack Foods's previous quarterly dividend of $0.78. J & J Snack Foods's dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on JJSF shares. Benchmark reduced their target price on shares of J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen raised shares of J & J Snack Foods from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $142.50.

J & J Snack Foods Company Profile

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.