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

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

Analyst Ratings Changes

A number of research analysts recently weighed in on JJSF shares. Jefferies Financial Group decreased their target price on shares of 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. Benchmark restated a "buy" rating and issued a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday, February 4th.

J&J Snack Foods Trading Up 0.3 %

The company has a market cap of $2.61 billion, a P/E ratio of 30.90 and a beta of 0.48. The business has a 50 day moving average price of $131.10 and a 200-day moving average price of $152.35.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) 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%. On average, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be paid a $0.78 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $3.12 annualized dividend and a yield of 2.33%. J&J Snack Foods's dividend payout ratio (DPR) is currently 71.89%.

Hedge Funds Weigh In On J&J Snack Foods

Institutional investors have recently bought and sold shares of the business. FMR LLC boosted 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 lifted its holdings in J&J Snack Foods by 40.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,279 shares of the company's stock valued at $1,941,000 after purchasing an additional 3,246 shares during the last quarter. Glenmede Trust Co. NA bought a new position in J&J Snack Foods during the third quarter worth $204,000. Holocene Advisors LP increased its holdings 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 last quarter. Finally, State Street Corp raised its position in shares of J&J Snack Foods by 2.9% in the third 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 period. Institutional investors and hedge funds own 76.04% of the company's stock.

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.