DAVENPORT & Co LLC Has $38.60 Million Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

DAVENPORT & Co LLC grew its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 248,523 shares of the company's stock after acquiring an additional 13,653 shares during the quarter. DAVENPORT & Co LLC owned about 1.28% of J&J Snack Foods worth $38,596,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its stake in shares of J&J Snack Foods by 3.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company's stock valued at $278,899,000 after purchasing an additional 57,887 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of J&J Snack Foods by 19.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company's stock valued at $110,612,000 after buying an additional 106,817 shares during the period. State Street Corp lifted its holdings in shares of J&J Snack Foods by 2.9% in the 3rd quarter. State Street Corp now owns 602,295 shares of the company's stock valued at $104,140,000 after buying an additional 17,062 shares during the period. Geneva Capital Management LLC lifted its holdings in shares of J&J Snack Foods by 1.4% in the 3rd quarter. Geneva Capital Management LLC now owns 526,660 shares of the company's stock valued at $90,649,000 after buying an additional 7,283 shares during the period. Finally, Champlain Investment Partners LLC lifted its holdings in shares of J&J Snack Foods by 2.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 377,750 shares of the company's stock valued at $65,018,000 after buying an additional 8,187 shares during the period. Hedge funds and other institutional investors own 76.04% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a "buy" rating and set a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday.

J&J Snack Foods Price Performance

JJSF stock traded down $1.61 during trading on Wednesday, reaching $122.45. 110,467 shares of the stock traded hands, compared to its average volume of 153,332. The business's 50 day moving average price is $153.82 and its 200-day moving average price is $163.37. J&J Snack Foods Corp. has a 52-week low of $116.60 and a 52-week high of $180.80. The firm has a market capitalization of $2.39 billion, a PE ratio of 27.48 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. On average, equities research analysts predict that J&J Snack Foods Corp. will post 5.49 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Tuesday, December 17th. J&J Snack Foods's dividend payout ratio (DPR) is 70.11%.

J&J Snack Foods Company 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.