Susquehanna Fundamental Investments LLC Purchases New Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Susquehanna Fundamental Investments LLC bought a new position in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,656 shares of the company's stock, valued at approximately $567,000.

A number of other large investors have also added to or reduced their stakes in JJSF. KLP Kapitalforvaltning AS purchased a new position in J&J Snack Foods in the 4th quarter worth $530,000. JPMorgan Chase & Co. increased its stake in 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 purchasing an additional 9,703 shares during the period. Barclays PLC lifted its position in 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 during the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 valued at $256,457,000 after purchasing an additional 20,238 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of J&J Snack Foods in the fourth quarter worth approximately $674,000. Hedge funds and other institutional investors own 76.04% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on JJSF. Jefferies Financial Group dropped their price target on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating for the company in a research report on Tuesday, February 18th. Benchmark reduced their price target on J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday.

J&J Snack Foods Price Performance

NASDAQ:JJSF traded down $2.33 during trading hours on Wednesday, hitting $113.77. The company had a trading volume of 191,052 shares, compared to its average volume of 106,898. The stock has a 50-day moving average price of $131.99 and a 200 day moving average price of $145.89. The company has a market capitalization of $2.22 billion, a PE ratio of 26.21 and a beta of 0.49. J&J Snack Foods Corp. has a 52 week low of $112.29 and a 52 week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly 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 company had revenue of $356.10 million for the quarter, compared to analysts' expectations of $369.01 million. During the same quarter in the prior year, the firm earned $0.84 EPS. J&J Snack Foods's quarterly revenue was down 1.0% compared to the same quarter last year. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Tuesday, March 18th. J&J Snack Foods's payout ratio is presently 71.89%.

About J&J Snack Foods

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.