Rhumbline Advisers raised its holdings in J & J Snack Foods Corp (NASDAQ:JJSF) by 2.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,226 shares of the company’s stock after acquiring an additional 977 shares during the quarter. Rhumbline Advisers owned 0.26% of J & J Snack Foods worth $7,660,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in J & J Snack Foods by 112.3% in the 3rd quarter. AQR Capital Management LLC now owns 5,891 shares of the company’s stock worth $889,000 after purchasing an additional 3,116 shares during the last quarter. Morgan Stanley raised its holdings in shares of J & J Snack Foods by 31.6% in the 3rd quarter. Morgan Stanley now owns 81,049 shares of the company’s stock worth $12,230,000 after buying an additional 19,453 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of J & J Snack Foods by 0.7% in the 3rd quarter. Teachers Advisors LLC now owns 29,089 shares of the company’s stock worth $4,389,000 after buying an additional 196 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of J & J Snack Foods by 2.4% in the 4th quarter. State of Alaska Department of Revenue now owns 5,045 shares of the company’s stock worth $729,000 after buying an additional 120 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of J & J Snack Foods by 5.9% in the 4th quarter. Bank of Montreal Can now owns 1,969 shares of the company’s stock worth $285,000 after buying an additional 109 shares in the last quarter. 73.69% of the stock is owned by institutional investors.
A number of research firms recently issued reports on JJSF. Zacks Investment Research raised J & J Snack Foods from a “hold” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Thursday, May 23rd. BidaskClub upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd.
JJSF stock traded down $0.19 during midday trading on Friday, hitting $164.11. 54,288 shares of the company’s stock were exchanged, compared to its average volume of 74,268. The firm has a market cap of $3.09 billion, a PE ratio of 40.42 and a beta of 0.43. J & J Snack Foods Corp has a one year low of $138.40 and a one year high of $167.50.
J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, April 29th. The company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. The firm had revenue of $276.30 million for the quarter, compared to analyst estimates of $272.30 million. J & J Snack Foods had a return on equity of 11.30% and a net margin of 7.57%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. On average, sell-side analysts expect that J & J Snack Foods Corp will post 4.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, June 11th. J & J Snack Foods’s dividend payout ratio (DPR) is presently 49.26%.
About J & J Snack Foods
J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.
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