Schonfeld Strategic Advisors LLC boosted its stake in 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 & Exchange Commission. The institutional investor owned 6,944 shares of the company's stock after purchasing an additional 4,364 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in J&J Snack Foods were worth $1,077,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of J&J Snack Foods in the fourth quarter worth about $28,647,000. Susquehanna International Group LLP raised its holdings in shares of J&J Snack Foods by 45,128.9% during the 4th quarter. Susquehanna International Group LLP now owns 34,222 shares of the company's stock worth $5,309,000 after acquiring an additional 34,298 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of J&J Snack Foods by 60.6% during the 4th quarter. JPMorgan Chase & Co. now owns 71,571 shares of the company's stock valued at $11,103,000 after acquiring an additional 26,999 shares during the last quarter. Barclays PLC grew its holdings in shares of J&J Snack Foods by 434.0% in the third quarter. Barclays PLC now owns 30,065 shares of the company's stock valued at $5,175,000 after purchasing an additional 24,435 shares in the last quarter. Finally, Northern Trust Corp increased its position in J&J Snack Foods by 10.8% in the fourth quarter. Northern Trust Corp now owns 209,898 shares of the company's stock worth $32,561,000 after purchasing an additional 20,449 shares during the last quarter. Institutional investors own 76.04% of the company's stock.
J&J Snack Foods Stock Down 2.0 %
Shares of JJSF opened at $113.77 on Thursday. J&J Snack Foods Corp. has a 52-week low of $112.40 and a 52-week high of $180.80. The company has a market cap of $2.22 billion, a PE ratio of 26.21 and a beta of 0.49. The business has a fifty day moving average of $131.63 and a 200 day moving average of $145.67.
J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last released 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). The firm had revenue of $356.10 million during the quarter, compared to the consensus estimate of $369.01 million. J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. J&J Snack Foods's revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. As a group, research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.74%. J&J Snack Foods's dividend payout ratio is 71.89%.
Analyst Ratings Changes
A number of equities analysts have commented on JJSF shares. 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 for the company in a research note on Tuesday, February 18th. Benchmark dropped their price target on J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday.
Read Our Latest Stock Report on J&J Snack Foods
J&J Snack Foods Company Profile
(
Free Report)
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.
Further Reading
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