JPMorgan Chase & Co. Acquires 26,999 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

JPMorgan Chase & Co. increased its position in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 60.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,571 shares of the company's stock after buying an additional 26,999 shares during the quarter. JPMorgan Chase & Co. owned 0.37% of J&J Snack Foods worth $11,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC boosted its stake in shares of 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 purchasing an additional 24,435 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of J&J Snack Foods by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock worth $256,457,000 after buying an additional 20,238 shares during the period. State Street Corp grew its position 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 worth $104,140,000 after acquiring an additional 17,062 shares during the last quarter. DAVENPORT & Co LLC increased its stake in J&J Snack Foods by 5.8% in the 4th quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company's stock worth $38,596,000 after purchasing an additional 13,653 shares during the period. Finally, Jane Street Group LLC lifted its position in J&J Snack Foods by 40.1% in the third quarter. Jane Street Group LLC now owns 31,936 shares of the company's stock valued at $5,497,000 after purchasing an additional 9,134 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

J&J Snack Foods Stock Up 2.2 %

Shares of JJSF traded up $2.86 during mid-day trading on Friday, hitting $135.67. 105,751 shares of the company's stock traded hands, compared to its average volume of 102,206. The business's 50-day moving average price is $131.45 and its 200-day moving average price is $149.63. J&J Snack Foods Corp. has a 1 year low of $116.60 and a 1 year high of $180.80. The firm has a market capitalization of $2.64 billion, a P/E ratio of 31.26 and a beta of 0.48.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued 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%. Sell-side analysts anticipate that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $3.12 annualized dividend and a yield of 2.30%. J&J Snack Foods's payout ratio is 71.89%.

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.