Loomis Sayles & Co. L P Grows Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Loomis Sayles & Co. L P grew its stake in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,061 shares of the company's stock after buying an additional 12,453 shares during the period. Loomis Sayles & Co. L P owned 0.24% of J&J Snack Foods worth $7,301,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of JJSF. 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 acquiring an additional 9,134 shares during the last quarter. State Street Corp lifted its holdings in shares of J&J Snack Foods by 2.9% in 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. JPMorgan Chase & Co. boosted its position in shares of J&J Snack Foods by 27.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company's stock valued at $7,672,000 after purchasing an additional 9,703 shares during the period. Barclays PLC grew its stake in J&J Snack Foods by 434.0% during the 3rd quarter. Barclays PLC now owns 30,065 shares of the company's stock worth $5,175,000 after buying an additional 24,435 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in J&J Snack Foods by 40.4% during the third quarter. BNP Paribas Financial Markets now owns 11,279 shares of the company's stock worth $1,941,000 after buying an additional 3,246 shares during the period. 76.04% of the stock is owned by hedge funds and other institutional investors.

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J&J Snack Foods Stock Down 1.6 %

JJSF traded down $2.12 on Wednesday, hitting $130.47. 86,480 shares of the company traded hands, compared to its average volume of 98,774. J&J Snack Foods Corp. has a 12-month low of $116.60 and a 12-month high of $180.80. The company has a 50 day moving average of $131.39 and a 200-day moving average of $152.74. The stock has a market capitalization of $2.54 billion, a PE ratio of 30.06 and a beta of 0.66.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.33 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, research analysts anticipate that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Dividend Announcement

The company also recently announced 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. This represents a $3.12 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, March 18th. J&J Snack Foods's payout ratio is 71.89%.

Analyst Ratings Changes

JJSF has been the subject of several research analyst reports. Benchmark restated 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 price objective on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th.

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.