J & J Snack Foods Corp. (NASDAQ:JJSF) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 33.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,129 shares of the company's stock after purchasing an additional 8,002 shares during the quarter. Segall Bryant & Hamill LLC owned 0.16% of J & J Snack Foods worth $4,232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of JJSF. Raymond James Financial Inc. acquired a new position in J & J Snack Foods in the fourth quarter valued at approximately $674,000. Swiss National Bank increased its position in shares of J & J Snack Foods by 1.0% in the fourth quarter. Swiss National Bank now owns 30,600 shares of the company's stock valued at $4,747,000 after buying an additional 300 shares in the last quarter. Cibc World Markets Corp purchased a new stake in shares of J & J Snack Foods in the fourth quarter valued at approximately $221,000. Intech Investment Management LLC increased its position in shares of J & J Snack Foods by 98.4% in the fourth quarter. Intech Investment Management LLC now owns 7,544 shares of the company's stock valued at $1,170,000 after buying an additional 3,742 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of J & J Snack Foods by 14.6% in the fourth quarter. Teacher Retirement System of Texas now owns 6,684 shares of the company's stock valued at $1,037,000 after buying an additional 854 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company's stock.

J & J Snack Foods Stock Down 3.0%

NASDAQ:JJSF traded down $3.58 during mid-day trading on Friday, reaching $115.40. 141,251 shares of the stock were exchanged, compared to its average volume of 119,586. J & J Snack Foods Corp. has a 1 year low of $109.71 and a 1 year high of $180.80. The company has a 50 day simple moving average of $115.23 and a 200-day simple moving average of $126.92. The stock has a market capitalization of $2.25 billion, a P/E ratio of 29.59 and a beta of 0.44.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing the consensus estimate 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 4.79% and a return on equity of 8.78%. The firm's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. As a group, research analysts predict that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th were issued a dividend of $0.78 per share. The ex-dividend date was Tuesday, June 17th. This represents a $3.12 annualized dividend and a yield of 2.70%. J & J Snack Foods's dividend payout ratio is presently 80.00%.

Analysts Set New Price Targets

Several equities analysts have recently commented on JJSF shares. Wall Street Zen lowered J & J Snack Foods from a "hold" rating to a "sell" rating in a research note on Sunday, June 29th. Benchmark decreased their price target on 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.

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.