Raymond James Financial Inc. Acquires New Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Raymond James Financial Inc. bought a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,347 shares of the company's stock, valued at approximately $674,000.

A number of other institutional investors and hedge funds also recently modified their holdings of JJSF. Barclays PLC increased its holdings 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 worth $5,175,000 after acquiring an additional 24,435 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of J&J Snack Foods by 27.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company's stock worth $7,672,000 after acquiring an additional 9,703 shares during the period. GAMMA Investing LLC increased its holdings in shares of J&J Snack Foods by 32.8% in the 4th quarter. GAMMA Investing LLC now owns 603 shares of the company's stock worth $94,000 after acquiring an additional 149 shares during the period. D.B. Root & Company LLC increased its holdings in shares of J&J Snack Foods by 6.8% in the 4th 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 period. 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. 76.04% of the stock is owned by institutional investors and hedge funds.

J&J Snack Foods Stock Performance

Shares of NASDAQ:JJSF traded down $0.83 during trading hours on Tuesday, hitting $118.48. 22,986 shares of the company's stock traded hands, compared to its average volume of 106,897. J&J Snack Foods Corp. has a 52 week low of $112.40 and a 52 week high of $180.80. The company's fifty day simple moving average is $130.66 and its two-hundred day simple moving average is $144.52. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 27.30 and a beta of 0.49.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings data 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). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. The business had revenue of $356.10 million for the quarter, compared to the consensus estimate of $369.01 million. During the same quarter last year, the business posted $0.84 EPS. The business's revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts anticipate that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Tuesday, March 18th. J&J Snack Foods's dividend payout ratio (DPR) is 80.00%.

Analyst Ratings Changes

JJSF has been the topic of a number of analyst reports. Jefferies Financial Group dropped their price objective on shares of 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. Benchmark decreased their target price on shares of J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th.

J&J Snack Foods 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.