J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. increased its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 143.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,277 shares of the company's stock after acquiring an additional 17,820 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.16% of J&J Snack Foods worth $4,697,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Barclays PLC raised its position in shares of J&J Snack Foods by 434.0% during the 3rd quarter. Barclays PLC now owns 30,065 shares of the company's stock worth $5,175,000 after purchasing an additional 24,435 shares during the period. JPMorgan Chase & Co. increased its position in J&J Snack Foods by 27.8% in the third quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company's stock worth $7,672,000 after buying an additional 9,703 shares during the period. GAMMA Investing LLC boosted its holdings in shares of J&J Snack Foods by 32.8% during the fourth quarter. GAMMA Investing LLC now owns 603 shares of the company's stock valued at $94,000 after acquiring an additional 149 shares during the period. D.B. Root & Company LLC grew its position in shares of J&J Snack Foods by 6.8% during the fourth quarter. D.B. Root & Company LLC now owns 8,304 shares of the company's stock worth $1,288,000 after acquiring an additional 528 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of J&J Snack Foods by 8.3% in the 4th quarter. Inspire Investing LLC now owns 2,579 shares of the company's stock worth $400,000 after acquiring an additional 198 shares during the period. Institutional investors own 76.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on JJSF shares. Jefferies Financial Group dropped their price target on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research note on Tuesday, February 18th. Benchmark cut their target price 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.

J&J Snack Foods Price Performance

J&J Snack Foods stock opened at $116.21 on Friday. J&J Snack Foods Corp. has a 12-month low of $112.40 and a 12-month high of $180.80. The stock has a market capitalization of $2.26 billion, a PE ratio of 26.78 and a beta of 0.49. The firm has a 50 day simple moving average of $130.97 and a 200-day simple moving average of $144.98.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.34). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. The firm had revenue of $356.10 million for the quarter, compared to the consensus estimate of $369.01 million. During the same period in the previous year, the business posted $0.84 earnings per share. The business's revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts forecast that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.68%. The ex-dividend date was Tuesday, March 18th. 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.

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