BNP Paribas Financial Markets Purchases 3,246 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

BNP Paribas Financial Markets increased its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 40.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,279 shares of the company’s stock after acquiring an additional 3,246 shares during the quarter. BNP Paribas Financial Markets owned about 0.06% of J&J Snack Foods worth $1,941,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. FMR LLC grew its position in shares of J&J Snack Foods by 109.9% during the 3rd quarter. FMR LLC now owns 1,954 shares of the company’s stock worth $336,000 after buying an additional 1,023 shares during the period. Nicolet Advisory Services LLC grew its holdings in J&J Snack Foods by 6.4% during the 3rd quarter. Nicolet Advisory Services LLC now owns 2,105 shares of the company’s stock worth $355,000 after acquiring an additional 126 shares during the period. Champlain Investment Partners LLC raised its position in shares of J&J Snack Foods by 2.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 377,750 shares of the company’s stock valued at $65,018,000 after acquiring an additional 8,187 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of J&J Snack Foods by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,105 shares of the company’s stock valued at $31,688,000 after purchasing an additional 1,446 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new position in shares of J&J Snack Foods in the 3rd quarter worth $665,000. Institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Stock Down 1.0 %

Shares of JJSF stock opened at $166.92 on Friday. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 37.51 and a beta of 0.64. J&J Snack Foods Corp. has a 12-month low of $133.23 and a 12-month high of $180.80. The firm has a fifty day moving average of $169.19 and a 200-day moving average of $167.53.

J&J Snack Foods (NASDAQ:JJSF) last released its earnings results 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 during the quarter, compared to the consensus estimate of $428.33 million. J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.73 EPS. On average, equities analysts expect that J&J Snack Foods Corp. will post 5.49 EPS for the current year.

J&J Snack Foods Dividend Announcement

The business also recently declared 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 dividend yield of 1.87%. The ex-dividend date of this dividend is Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio (DPR) is 70.11%.

Wall Street Analysts Forecast Growth

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

About J&J Snack Foods

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.