J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,554 shares of the company's stock after buying an additional 6,068 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.17% of J&J Snack Foods worth $5,205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Sovereign s Capital Management LLC purchased a new stake in shares of J&J Snack Foods during the fourth quarter worth about $443,000. Westwood Holdings Group Inc. grew its holdings in shares of J&J Snack Foods by 1.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 504,018 shares of the company's stock worth $78,188,000 after buying an additional 7,535 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of J&J Snack Foods during the fourth quarter worth about $1,147,000. ProShare Advisors LLC grew its holdings in J&J Snack Foods by 12.0% in the fourth quarter. ProShare Advisors LLC now owns 50,673 shares of the company's stock valued at $7,861,000 after purchasing an additional 5,434 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 purchasing an additional 332 shares during the period. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JJSF has been the subject of several research reports. Benchmark decreased 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 research note on Wednesday, May 7th. Jefferies Financial Group decreased 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 research note on Tuesday, February 18th.

J&J Snack Foods Stock Down 0.6%

Shares of NASDAQ JJSF traded down $0.68 during trading on Thursday, reaching $113.67. 127,547 shares of the stock were exchanged, compared to its average volume of 110,724. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 26.19 and a beta of 0.44. The business's 50-day moving average price is $124.65 and its 200 day moving average price is $138.23. J&J Snack Foods Corp. has a twelve month low of $111.11 and a twelve month high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its earnings results 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 firm had revenue of $356.10 million during the quarter, compared to analysts' expectations of $369.01 million. J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. J&J Snack Foods's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 earnings per share. As a group, sell-side analysts expect that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $3.12 annualized dividend and a dividend yield of 2.74%. J&J Snack Foods's dividend payout ratio (DPR) is presently 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.