JPMorgan Chase & Co. Has $7.67 Million Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

JPMorgan Chase & Co. increased its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 27.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 44,572 shares of the company's stock after purchasing an additional 9,703 shares during the period. JPMorgan Chase & Co. owned approximately 0.23% of J&J Snack Foods worth $7,672,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of J&J Snack Foods by 3.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company's stock worth $278,899,000 after buying an additional 57,887 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in J&J Snack Foods by 19.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company's stock valued at $110,612,000 after purchasing an additional 106,817 shares during the last quarter. State Street Corp raised its stake in J&J Snack Foods by 2.9% during the 3rd quarter. State Street Corp now owns 602,295 shares of the company's stock valued at $104,140,000 after purchasing an additional 17,062 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in 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 purchasing an additional 7,283 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in J&J Snack Foods by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company's stock worth $74,400,000 after purchasing an additional 18,932 shares during the last quarter. Institutional investors own 76.04% of the company's stock.

J&J Snack Foods Stock Down 1.5 %

J&J Snack Foods stock traded down $2.25 during trading hours on Wednesday, hitting $142.96. The stock had a trading volume of 95,278 shares, compared to its average volume of 97,769. J&J Snack Foods Corp. has a fifty-two week low of $133.23 and a fifty-two week high of $180.80. The company has a market cap of $2.78 billion, a PE ratio of 32.13 and a beta of 0.66. The company has a 50-day moving average of $163.44 and a two-hundred day moving average of $166.15.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 earnings per share (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 quarter in the prior year, the company posted $1.73 EPS. The company's quarterly revenue was down 3.9% compared to the same quarter last year. As a group, analysts forecast that J&J Snack Foods Corp. will post 5.49 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Tuesday, December 17th. J&J Snack Foods's payout ratio is 70.11%.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a "buy" rating and set a $200.00 price objective on shares of J&J Snack Foods in a research report on Friday, November 15th.

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.