3,656 Shares in J&J Snack Foods Corp. (NASDAQ:JJSF) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,656 shares of the company's stock, valued at approximately $567,000.

Other hedge funds also recently added to or reduced their stakes in the company. Two Sigma Securities LLC acquired a new position in J&J Snack Foods during the 4th quarter worth $342,000. Nebula Research & Development LLC bought a new stake in shares of J&J Snack Foods during the fourth quarter valued at about $296,000. Voya Investment Management LLC increased its stake in J&J Snack Foods by 8.2% during the 4th quarter. Voya Investment Management LLC now owns 6,685 shares of the company's stock valued at $1,037,000 after buying an additional 509 shares during the period. MGO One Seven LLC lifted its stake in shares of J&J Snack Foods by 30.0% in the 4th quarter. MGO One Seven LLC now owns 2,142 shares of the company's stock worth $332,000 after acquiring an additional 494 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of J&J Snack Foods by 8.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,117 shares of the company's stock valued at $1,880,000 after acquiring an additional 991 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors.

J&J Snack Foods Trading Down 0.1 %

Shares of NASDAQ JJSF traded down $0.11 during midday trading on Friday, reaching $115.63. The company's stock had a trading volume of 78,162 shares, compared to its average volume of 106,195. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 26.64 and a beta of 0.49. J&J Snack Foods Corp. has a one year low of $112.40 and a one year high of $180.80. The company has a 50 day moving average price of $131.30 and a 200 day moving average price of $145.47.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.34). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The company had revenue of $356.10 million during the quarter, compared to analysts' expectations of $369.01 million. During the same period in the prior year, the business posted $0.84 EPS. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.70%. J&J Snack Foods's dividend payout ratio is 71.89%.

Wall Street Analyst Weigh In

JJSF has been the topic of several recent analyst reports. Benchmark dropped their target price on J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday. Jefferies Financial Group dropped their price objective on 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.

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.