OLD Mission Capital LLC Makes New Investment in J&J Snack Foods Corp. (NASDAQ:JJSF)

OLD Mission Capital LLC bought a new stake in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,987 shares of the company's stock, valued at approximately $774,000.

Several other institutional investors have also recently bought and sold shares of JJSF. Jane Street Group LLC increased its holdings in shares of J&J Snack Foods by 40.1% during the 3rd quarter. Jane Street Group LLC now owns 31,936 shares of the company's stock worth $5,497,000 after acquiring an additional 9,134 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of J&J Snack Foods in the fourth quarter valued at about $530,000. State Street Corp grew its stake 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 acquiring an additional 17,062 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of J&J Snack Foods by 27.8% during the third quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company's stock worth $7,672,000 after purchasing an additional 9,703 shares during the period. Finally, Barclays PLC raised its position in shares of J&J Snack Foods by 434.0% in the third quarter. Barclays PLC now owns 30,065 shares of the company's stock valued at $5,175,000 after buying an additional 24,435 shares in the last quarter. Institutional investors own 76.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JJSF shares. Benchmark reaffirmed a "buy" rating and issued a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday, February 4th. Jefferies Financial Group cut 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.

J&J Snack Foods Stock Performance

Shares of JJSF traded down $0.97 during trading hours on Thursday, reaching $132.33. The stock had a trading volume of 26,861 shares, compared to its average volume of 101,209. The stock has a market capitalization of $2.58 billion, a PE ratio of 30.44 and a beta of 0.48. J&J Snack Foods Corp. has a 12 month low of $116.60 and a 12 month high of $180.80. The company's 50-day moving average is $130.35 and its two-hundred day moving average is $150.96.

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 analysts' consensus estimates 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%. Equities analysts anticipate that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th were issued a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $3.12 annualized dividend and a yield of 2.36%. J&J Snack Foods's payout ratio is currently 71.89%.

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.