Charles Schwab Investment Management Inc. Grows Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Charles Schwab Investment Management Inc. grew its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 184,105 shares of the company’s stock after purchasing an additional 1,446 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.95% of J&J Snack Foods worth $31,688,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in JJSF. Landscape Capital Management L.L.C. purchased a new stake in J&J Snack Foods in the third quarter worth $665,000. Intech Investment Management LLC purchased a new stake in J&J Snack Foods in the third quarter worth $654,000. Segall Bryant & Hamill LLC lifted its stake in J&J Snack Foods by 5.6% in the third quarter. Segall Bryant & Hamill LLC now owns 24,960 shares of the company’s stock worth $4,296,000 after acquiring an additional 1,324 shares during the period. Thrivent Financial for Lutherans lifted its stake in J&J Snack Foods by 19.9% in the third quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock worth $110,612,000 after acquiring an additional 106,817 shares during the period. Finally, Geneva Capital Management LLC lifted its stake in J&J Snack Foods by 1.4% in the third quarter. Geneva Capital Management LLC now owns 526,660 shares of the company’s stock worth $90,649,000 after acquiring an additional 7,283 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Stock Down 1.0 %

Shares of JJSF stock opened at $172.84 on Wednesday. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 38.84 and a beta of 0.64. The stock has a fifty day moving average of $169.20 and a 200 day moving average of $167.39. J&J Snack Foods Corp. has a 52 week low of $133.23 and a 52 week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.25). The firm had revenue of $426.76 million for the quarter, compared to analysts’ expectations of $428.33 million. J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.73 EPS. Equities research analysts anticipate that J&J Snack Foods Corp. will post 5.49 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.81%. The ex-dividend date is Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio is currently 70.11%.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a research note on Friday, November 15th.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.