Swiss National Bank Purchases 300 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Swiss National Bank increased its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,600 shares of the company’s stock after acquiring an additional 300 shares during the period. Swiss National Bank owned about 0.16% of J&J Snack Foods worth $4,747,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Jane Street Group LLC increased its position in shares of J&J Snack Foods by 40.1% during the 3rd quarter. Jane Street Group LLC now owns 31,936 shares of the company’s stock valued at $5,497,000 after purchasing an additional 9,134 shares during the last quarter. State Street Corp grew its position in J&J Snack Foods by 2.9% during the third quarter. State Street Corp now owns 602,295 shares of the company’s stock valued at $104,140,000 after buying an additional 17,062 shares during the period. JPMorgan Chase & Co. increased its holdings in J&J Snack Foods by 27.8% during the third quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company’s stock valued at $7,672,000 after buying an additional 9,703 shares during the last quarter. Barclays PLC raised its position in J&J Snack Foods by 434.0% in the third quarter. Barclays PLC now owns 30,065 shares of the company’s stock worth $5,175,000 after acquiring an additional 24,435 shares during the period. Finally, FMR LLC boosted its stake 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 acquiring an additional 1,023 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Price Performance

Shares of NASDAQ JJSF opened at $127.39 on Tuesday. The stock has a market cap of $2.48 billion, a PE ratio of 29.35 and a beta of 0.66. J&J Snack Foods Corp. has a 1 year low of $116.60 and a 1 year high of $180.80. The firm has a fifty day moving average price of $133.08 and a 200-day moving average price of $154.18.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, research analysts expect that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.45%. J&J Snack Foods’s dividend payout ratio is presently 71.89%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JJSF shares. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a report on Tuesday, February 4th. Jefferies Financial Group decreased their price objective on 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.

J&J Snack Foods 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.