TD Asset Management Inc Buys New Shares in J&J Snack Foods Corp. (NASDAQ:JJSF)

TD Asset Management Inc purchased a new stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,400 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in J&J Snack Foods by 0.9% during the 1st quarter. BlackRock Inc. now owns 2,306,255 shares of the company’s stock valued at $357,699,000 after buying an additional 20,908 shares during the period. Vanguard Group Inc. lifted its position in shares of J&J Snack Foods by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,558,636 shares of the company’s stock worth $201,796,000 after purchasing an additional 28,390 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of J&J Snack Foods by 1.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,329,781 shares of the company’s stock worth $199,082,000 after purchasing an additional 22,162 shares during the period. Macquarie Group Ltd. lifted its position in shares of J&J Snack Foods by 7.5% in the 3rd quarter. Macquarie Group Ltd. now owns 1,286,228 shares of the company’s stock worth $166,544,000 after purchasing an additional 89,237 shares during the period. Finally, State Street Corp lifted its position in shares of J&J Snack Foods by 2.1% in the 3rd quarter. State Street Corp now owns 528,781 shares of the company’s stock worth $68,831,000 after purchasing an additional 10,794 shares during the period. Hedge funds and other institutional investors own 76.89% of the company’s stock.

Analysts Set New Price Targets

JJSF has been the subject of several research analyst reports. 51job reaffirmed a “maintains” rating on shares of J&J Snack Foods in a research report on Friday, May 5th. StockNews.com raised shares of J&J Snack Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. TheStreet raised shares of J&J Snack Foods from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Finally, Benchmark reiterated a “buy” rating and issued a $175.00 price target on shares of J&J Snack Foods in a research note on Tuesday, January 31st.

J&J Snack Foods Stock Down 0.8 %

Shares of J&J Snack Foods stock opened at $159.45 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.73 and a quick ratio of 1.60. The company has a 50-day moving average of $149.88 and a 200 day moving average of $149.76. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 66.16 and a beta of 0.54. J&J Snack Foods Corp. has a 1 year low of $117.45 and a 1 year high of $165.90.

J&J Snack Foods (NASDAQ:JJSF – Get Rating) last issued its quarterly earnings results on Monday, May 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $337.85 million during the quarter, compared to the consensus estimate of $335.18 million. J&J Snack Foods had a return on equity of 6.34% and a net margin of 3.16%. The firm’s revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share. As a group, sell-side analysts anticipate that J&J Snack Foods Corp. will post 3.85 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 11th. Shareholders of record on Tuesday, March 21st were paid a dividend of $0.70 per share. The ex-dividend date was Monday, March 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.76%. J&J Snack Foods’s dividend payout ratio is currently 116.18%.

J&J Snack Foods Profile

(Get Rating)

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.