Intech Investment Management LLC Purchases 3,742 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Intech Investment Management LLC lifted its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 98.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,544 shares of the company's stock after buying an additional 3,742 shares during the period. Intech Investment Management LLC's holdings in J&J Snack Foods were worth $1,170,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in J&J Snack Foods by 163.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock valued at $50,000 after purchasing an additional 198 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of J&J Snack Foods in the fourth quarter valued at $74,000. Blue Trust Inc. increased its holdings in J&J Snack Foods by 27.4% during the fourth quarter. Blue Trust Inc. now owns 498 shares of the company's stock worth $86,000 after buying an additional 107 shares during the last quarter. GAMMA Investing LLC raised its position in J&J Snack Foods by 32.8% during the fourth quarter. GAMMA Investing LLC now owns 603 shares of the company's stock worth $94,000 after acquiring an additional 149 shares in the last quarter. Finally, KBC Group NV lifted its stake in J&J Snack Foods by 48.2% in the fourth quarter. KBC Group NV now owns 627 shares of the company's stock valued at $97,000 after acquiring an additional 204 shares during the last quarter. Institutional investors own 76.04% of the company's stock.

J&J Snack Foods Price Performance

NASDAQ JJSF traded up $0.71 on Wednesday, reaching $127.65. The company had a trading volume of 143,799 shares, compared to its average volume of 94,890. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 29.41 and a beta of 0.66. J&J Snack Foods Corp. has a fifty-two week low of $116.60 and a fifty-two week high of $180.80. The business has a 50 day moving average of $132.71 and a two-hundred day moving average of $153.90.

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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 for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. As a group, research analysts predict that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be given a dividend of $0.78 per share. The ex-dividend date is Tuesday, March 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.44%. J&J Snack Foods's payout ratio is 71.89%.

Analyst Ratings Changes

A number of research firms recently weighed in on JJSF. Jefferies Financial Group decreased their target price on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Benchmark reissued a "buy" rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

J&J Snack Foods 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.