DAVENPORT & Co LLC Acquires 9,094 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

DAVENPORT & Co LLC raised its stake in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194,357 shares of the company's stock after acquiring an additional 9,094 shares during the quarter. DAVENPORT & Co LLC owned approximately 1.00% of J&J Snack Foods worth $32,741,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in JJSF. D.B. Root & Company LLC raised its holdings in J&J Snack Foods by 1.6% in the 4th quarter. D.B. Root & Company LLC now owns 7,734 shares of the company's stock valued at $1,293,000 after buying an additional 120 shares during the last quarter. RK Asset Management LLC raised its holdings in J&J Snack Foods by 4.8% in the 4th quarter. RK Asset Management LLC now owns 33,698 shares of the company's stock valued at $5,632,000 after buying an additional 1,552 shares during the last quarter. Vanguard Group Inc. raised its holdings in J&J Snack Foods by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,548,424 shares of the company's stock valued at $253,400,000 after buying an additional 8,918 shares during the last quarter. American Century Companies Inc. raised its holdings in J&J Snack Foods by 12,431.7% in the 3rd quarter. American Century Companies Inc. now owns 204,642 shares of the company's stock valued at $33,490,000 after buying an additional 203,009 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in J&J Snack Foods by 13.5% during the 3rd quarter. Deutsche Bank AG now owns 7,937 shares of the company's stock worth $1,299,000 after purchasing an additional 947 shares during the last quarter. Institutional investors own 76.04% of the company's stock.

J&J Snack Foods Trading Down 0.7 %

J&J Snack Foods stock traded down $0.96 during mid-day trading on Wednesday, hitting $138.34. 71,610 shares of the stock were exchanged, compared to its average volume of 96,088. The company has a quick ratio of 1.36, a current ratio of 2.40 and a debt-to-equity ratio of 0.01. J&J Snack Foods Corp. has a 12 month low of $137.79 and a 12 month high of $177.71. The firm's fifty day simple moving average is $146.58 and its two-hundred day simple moving average is $157.29. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 33.66 and a beta of 0.52.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.35). J&J Snack Foods had a return on equity of 9.98% and a net margin of 5.11%. The firm had revenue of $348.31 million for the quarter, compared to the consensus estimate of $363.54 million. Analysts forecast that J&J Snack Foods Corp. will post 5.06 EPS for the current year.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.94 annualized dividend and a yield of 2.13%. J&J Snack Foods's payout ratio is 71.53%.

Insiders Place Their Bets

In other J&J Snack Foods news, Director Marjorie Shreiber Roshkoff sold 625 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $147.73, for a total transaction of $92,331.25. Following the completion of the transaction, the director now owns 69,459 shares in the company, valued at approximately $10,261,178.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 22.20% of the company's stock.

About J&J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.