J&J Snack Foods (NASDAQ:JJSF) Trading Up 2.9% - Here's What Happened

J&J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report)'s share price traded up 2.9% during mid-day trading on Monday . The stock traded as high as $132.35 and last traded at $133.94. 19,252 shares were traded during mid-day trading, a decline of 80% from the average session volume of 98,120 shares. The stock had previously closed at $130.14.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Benchmark reiterated a "buy" rating and set a $200.00 target price on shares of J&J Snack Foods in a research report on Tuesday, February 4th. Jefferies Financial Group lowered their target price on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating for the company in a research report on Tuesday, February 18th.

J&J Snack Foods Stock Down 2.3 %

The firm has a market cap of $2.53 billion, a P/E ratio of 29.86 and a beta of 0.66. The business's 50 day moving average is $131.39 and its two-hundred day moving average is $152.74.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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.

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J&J Snack Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, March 18th. J&J Snack Foods's dividend payout ratio (DPR) is 71.89%.

Institutional Investors Weigh In On J&J Snack Foods

Institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in J&J Snack Foods by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,105 shares of the company's stock worth $31,688,000 after buying an additional 1,446 shares during the last quarter. FMR LLC grew its stake in shares of J&J Snack Foods by 109.9% during the 3rd quarter. FMR LLC now owns 1,954 shares of the company's stock worth $336,000 after acquiring an additional 1,023 shares during the period. BNP Paribas Financial Markets raised its stake in J&J Snack Foods by 40.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,279 shares of the company's stock valued at $1,941,000 after acquiring an additional 3,246 shares during the period. Glenmede Trust Co. NA purchased a new stake in J&J Snack Foods during the third quarter valued at about $204,000. Finally, Holocene Advisors LP raised its position in shares of J&J Snack Foods by 364.1% in the third quarter. Holocene Advisors LP now owns 7,244 shares of the company's stock valued at $1,247,000 after purchasing an additional 5,683 shares during the period. 76.04% of the stock is owned by institutional investors.

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.