US Bancorp DE Grows Stock Position in J & J Snack Foods Corp. (NASDAQ:JJSF)

US Bancorp DE grew its holdings in shares of J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 100.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,200 shares of the company's stock after purchasing an additional 2,608 shares during the period. US Bancorp DE's holdings in J & J Snack Foods were worth $685,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JJSF. Johnson Financial Group Inc. purchased a new stake in shares of J & J Snack Foods during the 4th quarter valued at $55,000. CWM LLC lifted its holdings in shares of J & J Snack Foods by 301.3% during the 1st quarter. CWM LLC now owns 634 shares of the company's stock valued at $84,000 after purchasing an additional 476 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of J & J Snack Foods by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,596 shares of the company's stock valued at $248,000 after purchasing an additional 101 shares during the last quarter. MQS Management LLC purchased a new stake in shares of J & J Snack Foods during the 1st quarter valued at $275,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of J & J Snack Foods by 1,200.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,807 shares of the company's stock valued at $280,000 after purchasing an additional 1,668 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on JJSF shares. Benchmark decreased their price objective on J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Wall Street Zen upgraded J & J Snack Foods from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

J & J Snack Foods Stock Performance

JJSF stock traded down $0.45 during midday trading on Friday, reaching $112.35. The stock had a trading volume of 23,565 shares, compared to its average volume of 157,238. The stock has a market cap of $2.19 billion, a PE ratio of 26.20 and a beta of 0.45. The firm has a fifty day simple moving average of $115.07 and a two-hundred day simple moving average of $123.09. J & J Snack Foods Corp. has a 52-week low of $106.40 and a 52-week high of $180.80.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.26. The company had revenue of $454.30 million during the quarter, compared to analyst estimates of $445.98 million. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.98 EPS. On average, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 16th will be paid a $0.80 dividend. This is a positive change from J & J Snack Foods's previous quarterly dividend of $0.78. The ex-dividend date is Tuesday, September 16th. This represents a $3.20 dividend on an annualized basis and a yield of 2.8%. J & J Snack Foods's dividend payout ratio (DPR) is 72.73%.

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.