Eagle Bay Advisors LLC Acquires 84 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Eagle Bay Advisors LLC grew its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF – Get Rating) by 44.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 272 shares of the company’s stock after acquiring an additional 84 shares during the quarter. Eagle Bay Advisors LLC’s holdings in J&J Snack Foods were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of JJSF. Harbor Investment Advisory LLC raised its stake in J&J Snack Foods by 15.1% during the 3rd quarter. Harbor Investment Advisory LLC now owns 610 shares of the company’s stock valued at $79,000 after purchasing an additional 80 shares during the last quarter. Synovus Financial Corp raised its position in shares of J&J Snack Foods by 1.3% during the third quarter. Synovus Financial Corp now owns 6,701 shares of the company’s stock valued at $874,000 after buying an additional 84 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of J&J Snack Foods by 4.3% in the second quarter. Captrust Financial Advisors now owns 2,191 shares of the company’s stock valued at $307,000 after buying an additional 91 shares during the period. FMR LLC grew its position in J&J Snack Foods by 15.6% during the second quarter. FMR LLC now owns 717 shares of the company’s stock worth $100,000 after buying an additional 97 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in J&J Snack Foods by 0.5% during the second quarter. UBS Asset Management Americas Inc. now owns 21,234 shares of the company’s stock valued at $2,966,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 76.89% of the company’s stock.

J&J Snack Foods Price Performance

J&J Snack Foods stock opened at $143.51 on Friday. The business has a 50 day simple moving average of $144.92 and a 200 day simple moving average of $146.12. J&J Snack Foods Corp. has a one year low of $117.45 and a one year high of $165.90. The company has a market capitalization of $2.76 billion, a PE ratio of 64.40 and a beta of 0.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.76 and a quick ratio of 1.61.

J&J Snack Foods (NASDAQ:JJSF – Get Rating) last issued its earnings results on Tuesday, January 31st. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.07). The firm had revenue of $351.34 million during the quarter, compared to analyst estimates of $360.70 million. J&J Snack Foods had a net margin of 3.03% and a return on equity of 5.77%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 EPS. On average, sell-side analysts forecast that J&J Snack Foods Corp. will post 4.35 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 11th. Shareholders of record on Tuesday, March 21st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, March 20th. This represents a $2.80 annualized dividend and a yield of 1.95%. J&J Snack Foods’s dividend payout ratio is 126.13%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. TheStreet lowered J&J Snack Foods from a “b” rating to a “c” rating in a report on Monday, January 30th. Benchmark reissued a “buy” rating and issued a $175.00 price target on shares of J&J Snack Foods in a report on Tuesday, January 31st. Finally, StockNews.com started coverage on shares of J&J Snack Foods in a report on Thursday. They set a “sell” rating for the company.

About J&J Snack Foods

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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 juice treats and desserts, churros, dough enrobed handheld products, and baked goods.