Alpine Global Management LLC Acquires New Shares in J&J Snack Foods Corp. (NASDAQ:JJSF)

Alpine Global Management LLC purchased a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,035 shares of the company's stock, valued at approximately $781,000.

Several other institutional investors have also recently added to or reduced their stakes in JJSF. Smartleaf Asset Management LLC raised its stake in shares of J&J Snack Foods by 163.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock valued at $50,000 after purchasing an additional 198 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in J&J Snack Foods during the fourth quarter valued at approximately $74,000. Huntington National Bank lifted its holdings in J&J Snack Foods by 25.4% during the 4th quarter. Huntington National Bank now owns 513 shares of the company's stock worth $80,000 after buying an additional 104 shares during the last quarter. Blue Trust Inc. grew its position in shares of J&J Snack Foods by 27.4% in the 4th quarter. Blue Trust Inc. now owns 498 shares of the company's stock worth $86,000 after acquiring an additional 107 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of J&J Snack Foods by 32.8% in the 4th quarter. GAMMA Investing LLC now owns 603 shares of the company's stock valued at $94,000 after acquiring an additional 149 shares during the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

J&J Snack Foods Stock Performance

Shares of JJSF traded down $1.15 during mid-day trading on Friday, reaching $128.52. 119,779 shares of the company's stock traded hands, compared to its average volume of 103,540. J&J Snack Foods Corp. has a 12 month low of $116.60 and a 12 month high of $180.80. The business's 50-day moving average price is $132.35 and its 200-day moving average price is $148.13. The stock has a market capitalization of $2.50 billion, a P/E ratio of 29.61 and a beta of 0.48.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. Equities research analysts anticipate that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were paid a $0.78 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.43%. J&J Snack Foods's dividend payout ratio is currently 71.89%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on JJSF shares. Benchmark reissued a "buy" rating and issued a $200.00 target price on shares of J&J Snack Foods in a report on Tuesday, February 4th. Jefferies Financial Group dropped their price target on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research 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.