JPMorgan Chase & Co. Has $11.10 Million Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

JPMorgan Chase & Co. raised its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 60.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,571 shares of the company's stock after acquiring an additional 26,999 shares during the period. JPMorgan Chase & Co. owned about 0.37% of J&J Snack Foods worth $11,103,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC increased its position in shares of J&J Snack Foods by 434.0% in the 3rd quarter. Barclays PLC now owns 30,065 shares of the company's stock valued at $5,175,000 after acquiring an additional 24,435 shares during the period. Vanguard Group Inc. increased its position in J&J Snack Foods by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock worth $256,457,000 after purchasing an additional 20,238 shares during the last quarter. State Street Corp boosted its stake in J&J Snack Foods by 2.9% during the third quarter. State Street Corp now owns 602,295 shares of the company's stock worth $104,140,000 after buying an additional 17,062 shares during the period. DAVENPORT & Co LLC increased its stake in J&J Snack Foods by 5.8% during the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company's stock worth $38,596,000 after purchasing an additional 13,653 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of J&J Snack Foods by 40.1% in the 3rd quarter. Jane Street Group LLC now owns 31,936 shares of the company's stock valued at $5,497,000 after buying an additional 9,134 shares during the period. Institutional investors own 76.04% of the company's stock.

J&J Snack Foods Trading Up 2.2 %

NASDAQ JJSF traded up $2.86 during mid-day trading on Friday, reaching $135.67. 105,751 shares of the company's stock traded hands, compared to its average volume of 102,099. J&J Snack Foods Corp. has a 1-year low of $116.60 and a 1-year high of $180.80. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 31.26 and a beta of 0.48. The company has a fifty day simple moving average of $131.62 and a 200-day simple moving average of $149.22.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. Equities research analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were issued a $0.78 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.30%. J&J Snack Foods's payout ratio is currently 71.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on JJSF shares. Benchmark restated a "buy" rating and set a $200.00 target price on shares of J&J Snack Foods in a research report on Tuesday, February 4th. Jefferies Financial Group lowered their target price 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 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.