Resona Asset Management Co. Ltd. Invests $430,000 in J&J Snack Foods Corp. (NASDAQ:JJSF)

Resona Asset Management Co. Ltd. acquired a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,773 shares of the company's stock, valued at approximately $430,000.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC raised its position in J&J Snack Foods by 109.9% during the third quarter. FMR LLC now owns 1,954 shares of the company's stock valued at $336,000 after purchasing an additional 1,023 shares in the last quarter. State Street Corp increased its stake 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. Jane Street Group LLC raised 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 buying an additional 9,134 shares in the last quarter. Barclays PLC boosted its stake in 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. Finally, Franklin Resources Inc. grew its position in J&J Snack Foods by 4.1% in the third quarter. Franklin Resources Inc. now owns 1,546 shares of the company's stock valued at $259,000 after acquiring an additional 61 shares during the last quarter. 76.04% of the stock is owned by institutional investors.

J&J Snack Foods Stock Performance

Shares of NASDAQ:JJSF traded up $0.88 during midday trading on Thursday, hitting $133.69. 25,263 shares of the stock were exchanged, compared to its average volume of 101,741. The business's 50-day moving average price is $131.24 and its 200 day moving average price is $149.73. J&J Snack Foods Corp. has a 12 month low of $116.60 and a 12 month high of $180.80. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 30.80 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 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%. As a group, sell-side analysts expect that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.33%. J&J Snack Foods's payout ratio is currently 71.89%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JJSF shares. Jefferies Financial Group reduced their price target on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research note on Tuesday, February 18th. Benchmark restated a "buy" rating and issued a $200.00 target price on shares of J&J Snack Foods in a research report on Tuesday, February 4th.

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.