Smartleaf Asset Management LLC Increases Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Smartleaf Asset Management LLC increased its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 163.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 319 shares of the company’s stock after buying an additional 198 shares during the quarter. Smartleaf Asset Management LLC’s holdings in J&J Snack Foods were worth $50,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JJSF. Thrivent Financial for Lutherans lifted its position in J&J Snack Foods by 19.9% during the third quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock worth $110,612,000 after buying an additional 106,817 shares in the last quarter. Barclays PLC lifted its position in J&J Snack Foods by 434.0% during the third quarter. Barclays PLC now owns 30,065 shares of the company’s stock worth $5,175,000 after buying an additional 24,435 shares in the last quarter. State Street Corp lifted 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 worth $104,140,000 after buying an additional 17,062 shares in the last quarter. DAVENPORT & Co LLC increased its stake in J&J Snack Foods by 5.8% during the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock worth $38,596,000 after acquiring an additional 13,653 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake 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 worth $7,672,000 after acquiring an additional 9,703 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on JJSF. Jefferies Financial Group cut their target price on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

J&J Snack Foods Stock Up 0.8 %

JJSF stock opened at $139.42 on Tuesday. J&J Snack Foods Corp. has a 52-week low of $116.60 and a 52-week high of $180.80. The business has a fifty day moving average of $136.53 and a two-hundred day moving average of $156.82. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 32.12 and a beta of 0.66.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data 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%. As a group, sell-side analysts anticipate that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th will be paid a $0.78 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.24%. 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.