KLP Kapitalforvaltning AS Purchases New Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

KLP Kapitalforvaltning AS bought a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,400 shares of the company's stock, valued at approximately $530,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of J&J Snack Foods by 163.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock worth $50,000 after purchasing an additional 198 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in J&J Snack Foods during the 4th quarter worth approximately $74,000. Blue Trust Inc. increased its stake in J&J Snack Foods by 27.4% during the 4th quarter. Blue Trust Inc. now owns 498 shares of the company's stock worth $86,000 after buying an additional 107 shares during the period. GAMMA Investing LLC lifted its holdings in J&J Snack Foods by 32.8% during the 4th quarter. GAMMA Investing LLC now owns 603 shares of the company's stock worth $94,000 after buying an additional 149 shares in the last quarter. Finally, KBC Group NV boosted its position in J&J Snack Foods by 48.2% in the 4th quarter. KBC Group NV now owns 627 shares of the company's stock valued at $97,000 after buying an additional 204 shares during the period. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

J&J Snack Foods Stock Down 2.8 %

J&J Snack Foods stock traded down $3.69 during trading on Tuesday, reaching $129.40. The stock had a trading volume of 124,362 shares, compared to its average volume of 100,944. J&J Snack Foods Corp. has a 52-week low of $116.60 and a 52-week high of $180.80. The stock has a market cap of $2.52 billion, a PE ratio of 29.82 and a beta of 0.48. The business has a 50 day moving average price of $130.53 and a 200 day moving average price of $151.21.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its quarterly earnings data 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, equities analysts predict that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.