ProShare Advisors LLC Increases Stake in J&J Snack Foods Corp. (NASDAQ:JJSF)

ProShare Advisors LLC lifted its position in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,673 shares of the company's stock after purchasing an additional 5,434 shares during the period. ProShare Advisors LLC owned about 0.26% of J&J Snack Foods worth $7,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of J&J Snack Foods by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,682 shares of the company's stock valued at $1,347,000 after buying an additional 332 shares in the last quarter. Gotham Asset Management LLC grew its stake in J&J Snack Foods by 56.5% in the 4th quarter. Gotham Asset Management LLC now owns 1,818 shares of the company's stock valued at $282,000 after acquiring an additional 656 shares during the period. Deutsche Bank AG increased its holdings in J&J Snack Foods by 51.1% in the 4th quarter. Deutsche Bank AG now owns 14,057 shares of the company's stock worth $2,181,000 after acquiring an additional 4,756 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in J&J Snack Foods by 86.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 24,082 shares of the company's stock worth $3,736,000 after acquiring an additional 11,188 shares during the period. Finally, Crestline Management LP purchased a new position in J&J Snack Foods during the fourth quarter valued at $482,000. 76.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Benchmark cut their target price on shares of 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. Jefferies Financial Group lowered their price objective on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th.

J&J Snack Foods Price Performance

NASDAQ JJSF traded down $3.06 during mid-day trading on Wednesday, hitting $113.58. The stock had a trading volume of 146,489 shares, compared to its average volume of 108,493. The firm's 50 day moving average is $128.14 and its 200 day moving average is $142.46. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 26.17 and a beta of 0.49. J&J Snack Foods Corp. has a twelve month low of $112.40 and a twelve month high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last released 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). The business had revenue of $356.10 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 EPS. As a group, equities research analysts expect that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be given a dividend of $0.78 per share. The ex-dividend date is Tuesday, June 17th. This represents a $3.12 dividend on an annualized basis and a yield of 2.75%. J&J Snack Foods's payout ratio is 80.00%.

J&J Snack Foods 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.