J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 28.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,497 shares of the company's stock after acquiring an additional 2,525 shares during the quarter. Wells Fargo & Company MN owned about 0.06% of J&J Snack Foods worth $1,784,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JJSF. Vanguard Group Inc. lifted its stake in J&J Snack Foods by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock valued at $256,457,000 after acquiring an additional 20,238 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in J&J Snack Foods by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company's stock worth $100,060,000 after purchasing an additional 2,357 shares in the last quarter. DAVENPORT & Co LLC increased its stake in J&J Snack Foods by 5.8% in the 4th quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company's stock valued at $38,596,000 after buying an additional 13,653 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in J&J Snack Foods by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 185,669 shares of the company's stock worth $28,803,000 after buying an additional 1,564 shares during the period. Finally, Norges Bank purchased a new position in shares of J&J Snack Foods during the fourth quarter worth approximately $28,647,000. Institutional investors and hedge funds own 76.04% of the company's stock.

J&J Snack Foods Price Performance

J&J Snack Foods stock traded down $1.02 during midday trading on Thursday, reaching $128.57. The company's stock had a trading volume of 20,548 shares, compared to its average volume of 104,398. J&J Snack Foods Corp. has a 52-week low of $116.60 and a 52-week high of $180.80. The stock has a market capitalization of $2.51 billion, a P/E ratio of 29.67 and a beta of 0.48. The stock's 50-day simple moving average is $132.54 and its 200-day simple moving average is $147.22.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. As a group, equities research analysts expect 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th were given a $0.78 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.43%. J&J Snack Foods's dividend payout ratio (DPR) is 71.89%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Benchmark reiterated a "buy" rating and issued a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday, February 4th. Jefferies Financial Group reduced their price target on 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.

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.