Schonfeld Strategic Advisors LLC Increases Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Schonfeld Strategic Advisors LLC boosted its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 169.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,944 shares of the company's stock after purchasing an additional 4,364 shares during the period. Schonfeld Strategic Advisors LLC's holdings in J&J Snack Foods were worth $1,077,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JJSF. Smartleaf Asset Management LLC grew its position in J&J Snack Foods by 163.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock worth $50,000 after purchasing an additional 198 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in J&J Snack Foods during the 4th quarter worth approximately $55,000. Newbridge Financial Services Group Inc. purchased a new stake in J&J Snack Foods during the 4th quarter worth approximately $74,000. Huntington National Bank grew its position in J&J Snack Foods by 25.4% during the 4th quarter. Huntington National Bank now owns 513 shares of the company's stock worth $80,000 after purchasing an additional 104 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in J&J Snack Foods by 27.4% during the 4th quarter. Blue Trust Inc. now owns 498 shares of the company's stock valued at $86,000 after acquiring an additional 107 shares during the period. Hedge funds and other institutional investors own 76.04% of the company's stock.

Wall Street Analysts Forecast Growth

JJSF has been the topic of a number of research reports. Jefferies Financial Group cut 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 research note on Tuesday, February 18th. Benchmark cut their price target on J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th.

J&J Snack Foods Price Performance

NASDAQ:JJSF traded down $0.75 during trading hours on Tuesday, reaching $118.56. The company had a trading volume of 34,801 shares, compared to its average volume of 106,919. J&J Snack Foods Corp. has a 1-year low of $112.40 and a 1-year high of $180.80. The business's 50 day moving average price is $130.66 and its 200-day moving average price is $144.52. The firm has a market cap of $2.31 billion, a PE ratio of 27.32 and a beta of 0.49.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) 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 firm had revenue of $356.10 million during the quarter, compared to analyst estimates of $369.01 million. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The business's revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts expect 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 company also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a 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 presently 80.00%.

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.