Two Sigma Securities LLC Buys Shares of 2,203 J&J Snack Foods Corp. (NASDAQ:JJSF)

Two Sigma Securities LLC bought a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,203 shares of the company's stock, valued at approximately $342,000.

A number of other hedge funds also recently made changes to their positions in JJSF. Smartleaf Asset Management LLC grew its holdings in J&J Snack Foods by 163.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock worth $50,000 after acquiring an additional 198 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of J&J Snack Foods in the fourth quarter worth approximately $74,000. Huntington National Bank lifted its position in shares of J&J Snack Foods by 25.4% in the 4th quarter. Huntington National Bank now owns 513 shares of the company's stock worth $80,000 after purchasing an additional 104 shares during the period. Blue Trust Inc. lifted its holdings in J&J Snack Foods by 27.4% in the fourth quarter. Blue Trust Inc. now owns 498 shares of the company's stock valued at $86,000 after buying an additional 107 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of J&J Snack Foods by 32.8% in the 4th quarter. GAMMA Investing LLC now owns 603 shares of the company's stock valued at $94,000 after purchasing an additional 149 shares during the period. 76.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JJSF has been the topic of several research analyst reports. Jefferies Financial Group cut their target price 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 reiterated a "buy" rating and set a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday, February 4th.

J&J Snack Foods Trading Down 0.9 %

J&J Snack Foods stock opened at $128.52 on Monday. The business's 50 day simple moving average is $132.35 and its 200 day simple moving average is $147.86. 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 market cap of $2.50 billion, a price-to-earnings ratio of 29.61 and a beta of 0.48.

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 the consensus estimate 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, equities research analysts forecast that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.78 per share. The ex-dividend date was Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.43%. J&J Snack Foods's dividend payout ratio (DPR) is presently 71.89%.

J&J Snack Foods Company 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.

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