Intech Investment Management LLC Makes New Investment in J&J Snack Foods Corp. (NASDAQ:JJSF)

Intech Investment Management LLC bought a new stake in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,802 shares of the company's stock, valued at approximately $654,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in J&J Snack Foods by 603.8% during the second quarter. GAMMA Investing LLC now owns 366 shares of the company's stock worth $59,000 after purchasing an additional 314 shares in the last quarter. Blue Trust Inc. raised its stake in shares of J&J Snack Foods by 39,000.0% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the company's stock worth $63,000 after buying an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of J&J Snack Foods in the 2nd quarter valued at approximately $76,000. Canada Pension Plan Investment Board purchased a new stake in shares of J&J Snack Foods in the second quarter valued at approximately $114,000. Finally, nVerses Capital LLC acquired a new position in J&J Snack Foods during the third quarter worth $120,000. Institutional investors and hedge funds own 76.04% of the company's stock.

Analysts Set New Price Targets

Separately, Benchmark reiterated a "buy" rating and issued a $200.00 price target on shares of J&J Snack Foods in a report on Friday, November 15th.

J&J Snack Foods Price Performance

J&J Snack Foods stock traded up $2.32 during trading hours on Friday, hitting $173.79. The stock had a trading volume of 48,740 shares, compared to its average volume of 77,586. J&J Snack Foods Corp. has a 1-year low of $133.23 and a 1-year high of $180.80. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 39.05 and a beta of 0.63. The stock's fifty day moving average is $169.09 and its two-hundred day moving average is $167.29.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing analysts' consensus estimates of $1.85 by ($0.25). J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. The business had revenue of $426.76 million during the quarter, compared to analyst estimates of $428.33 million. During the same period in the previous year, the company posted $1.73 earnings per share. J&J Snack Foods's revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts anticipate that J&J Snack Foods Corp. will post 5.49 EPS for the current year.

J&J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, December 17th. J&J Snack Foods's payout ratio is 70.11%.

J&J Snack Foods Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.