Charles Schwab Investment Management Inc. Buys 1,564 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Charles Schwab Investment Management Inc. grew its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,669 shares of the company’s stock after purchasing an additional 1,564 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.95% of J&J Snack Foods worth $28,803,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JJSF. Barclays PLC raised its stake in shares of J&J Snack Foods by 434.0% during the 3rd 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 during the last quarter. State Street Corp boosted its holdings in J&J Snack Foods by 2.9% in the 3rd quarter. State Street Corp now owns 602,295 shares of the company’s stock worth $104,140,000 after buying an additional 17,062 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in J&J Snack Foods by 5.8% in the 4th quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock worth $38,596,000 after buying an additional 13,653 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in J&J Snack Foods by 27.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company’s stock worth $7,672,000 after buying an additional 9,703 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in J&J Snack Foods by 40.1% in 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 during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Analysts Set New Price Targets

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

J&J Snack Foods Price Performance

Shares of J&J Snack Foods stock opened at $133.48 on Tuesday. The stock has a market cap of $2.60 billion, a P/E ratio of 30.76 and a beta of 0.66. The stock’s 50 day simple moving average is $134.72 and its 200-day simple moving average is $155.64. J&J Snack Foods Corp. has a 1-year low of $116.60 and a 1-year high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last issued its earnings results 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, research analysts expect that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, March 18th. J&J Snack Foods’s payout ratio is presently 71.89%.

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.