Vanguard Group Inc. Acquires 20,238 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Vanguard Group Inc. boosted its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,653,173 shares of the company's stock after buying an additional 20,238 shares during the period. Vanguard Group Inc. owned 8.49% of J&J Snack Foods worth $256,457,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of JJSF. Smartleaf Asset Management LLC lifted its position in J&J Snack Foods by 163.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock valued at $50,000 after purchasing an additional 198 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in J&J Snack Foods during the fourth quarter worth $74,000. Blue Trust Inc. lifted its holdings in J&J Snack Foods by 27.4% in the 4th quarter. Blue Trust Inc. now owns 498 shares of the company's stock valued at $86,000 after purchasing an additional 107 shares in the last quarter. GAMMA Investing LLC boosted its position in J&J Snack Foods by 32.8% during the fourth quarter. GAMMA Investing LLC now owns 603 shares of the company's stock worth $94,000 after acquiring an additional 149 shares during the last quarter. Finally, KBC Group NV lifted its position in J&J Snack Foods by 48.2% during the fourth quarter. KBC Group NV now owns 627 shares of the company's stock worth $97,000 after buying an additional 204 shares during the period. Institutional investors and hedge funds own 76.04% of the company's stock.

J&J Snack Foods Trading Up 3.0 %

JJSF stock traded up $3.90 during mid-day trading on Wednesday, reaching $133.30. 204,299 shares of the stock traded hands, compared to its average volume of 101,493. The stock's fifty day moving average is $130.35 and its 200-day moving average is $150.96. The company has a market cap of $2.60 billion, a P/E ratio of 30.71 and a beta of 0.48. 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 issued its earnings results on Monday, February 3rd. The company reported $0.33 earnings per share 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%. Equities research analysts expect that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Tuesday, March 18th. J&J Snack Foods's dividend payout ratio (DPR) is currently 71.89%.

Analyst Ratings Changes

JJSF has been the subject of a number of research analyst reports. Jefferies Financial Group dropped their target price on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating for the company in a research report 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.

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.