Raymond James Financial Inc. Invests $674,000 in J&J Snack Foods Corp. (NASDAQ:JJSF)

Raymond James Financial Inc. 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 Securities and Exchange Commission. The firm bought 4,347 shares of the company's stock, valued at approximately $674,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JJSF. Barclays PLC grew its position in shares of J&J Snack Foods by 434.0% during the 3rd quarter. Barclays PLC now owns 30,065 shares of the company's stock valued at $5,175,000 after acquiring an additional 24,435 shares during the period. State Street Corp lifted its stake in 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 last quarter. DAVENPORT & Co LLC lifted its stake in J&J Snack Foods by 5.8% in the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company's stock valued at $38,596,000 after purchasing an additional 13,653 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in J&J Snack Foods by 27.8% during the third 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. Finally, Jane Street Group LLC increased 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 worth $5,497,000 after buying an additional 9,134 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on JJSF. Benchmark reiterated a "buy" rating and set a $200.00 price target on shares of J&J Snack Foods in a research note on Tuesday, February 4th. Jefferies Financial Group dropped 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 report on Tuesday, February 18th.

J&J Snack Foods Stock Performance

JJSF stock traded up $2.10 during midday trading on Friday, reaching $134.50. 95,561 shares of the company's stock traded hands, compared to its average volume of 101,743. The firm has a market capitalization of $2.62 billion, a PE ratio of 30.99 and a beta of 0.48. The company has a 50-day moving average price of $130.56 and a two-hundred day moving average price of $150.47. J&J Snack Foods Corp. has a 52 week low of $116.60 and a 52 week high of $180.80.

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 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%. As a group, analysts predict that J&J Snack Foods Corp. will post 4.75 EPS 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. Stockholders of record on Tuesday, March 18th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Tuesday, March 18th. 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.