Grantham Mayo Van Otterloo & Co. LLC Increases Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 234,716 shares of the company's stock after purchasing an additional 9,103 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 1.20% of J&J Snack Foods worth $36,411,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC boosted its stake in J&J Snack Foods by 40.1% during the 3rd quarter. Jane Street Group LLC now owns 31,936 shares of the company's stock worth $5,497,000 after purchasing an additional 9,134 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of J&J Snack Foods during the fourth quarter worth about $530,000. State Street Corp grew its holdings in shares of J&J Snack Foods by 2.9% during the third quarter. State Street Corp now owns 602,295 shares of the company's stock worth $104,140,000 after buying an additional 17,062 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of J&J Snack Foods by 27.8% during the third quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company's stock worth $7,672,000 after buying an additional 9,703 shares during the last quarter. Finally, Barclays PLC increased its position in J&J Snack Foods by 434.0% in the 3rd quarter. Barclays PLC now owns 30,065 shares of the company's stock valued at $5,175,000 after acquiring an additional 24,435 shares during the period. Institutional investors and hedge funds own 76.04% of the company's stock.

J&J Snack Foods Stock Performance

NASDAQ:JJSF traded up $1.78 during mid-day trading on Friday, reaching $134.18. The stock had a trading volume of 31,205 shares, compared to its average volume of 101,508. J&J Snack Foods Corp. has a twelve month low of $116.60 and a twelve month high of $180.80. The business has a 50 day simple moving average of $130.35 and a 200 day simple moving average of $150.71. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 30.94 and a beta of 0.48.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.33 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%. As a group, sell-side analysts expect that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.33%. J&J Snack Foods's dividend payout ratio (DPR) is presently 71.89%.

Wall Street Analyst Weigh In

JJSF has been the topic of several analyst reports. Jefferies Financial Group lowered their target price on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research note on Tuesday, February 18th. Benchmark reiterated a "buy" rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research report on Tuesday, February 4th.

About J&J Snack Foods

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.