J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Acquired by Fmr LLC

Fmr LLC boosted its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 109.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,954 shares of the company’s stock after purchasing an additional 1,023 shares during the quarter. Fmr LLC’s holdings in J&J Snack Foods were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in shares of J&J Snack Foods by 3.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock valued at $278,899,000 after buying an additional 57,887 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in J&J Snack Foods by 19.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock valued at $110,612,000 after acquiring an additional 106,817 shares during the last quarter. Geneva Capital Management LLC lifted its stake in shares of J&J Snack Foods by 1.4% during the 3rd quarter. Geneva Capital Management LLC now owns 526,660 shares of the company’s stock worth $90,649,000 after purchasing an additional 7,283 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of J&J Snack Foods by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock worth $74,400,000 after purchasing an additional 18,932 shares during the last quarter. Finally, Champlain Investment Partners LLC grew its position in shares of J&J Snack Foods by 2.2% in the third quarter. Champlain Investment Partners LLC now owns 377,750 shares of the company’s stock valued at $65,018,000 after purchasing an additional 8,187 shares during the period. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

J&J Snack Foods Stock Performance

Shares of JJSF stock opened at $160.13 on Friday. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 35.98 and a beta of 0.64. J&J Snack Foods Corp. has a one year low of $133.23 and a one year high of $180.80. The company has a 50 day moving average price of $168.76 and a 200 day moving average price of $167.81.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.25). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The firm had revenue of $426.76 million for the quarter, compared to analyst estimates of $428.33 million. During the same quarter in the previous year, the company earned $1.73 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, equities analysts forecast that J&J Snack Foods Corp. will post 5.49 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th will be issued a $0.78 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.95%. J&J Snack Foods’s dividend payout ratio (DPR) is 70.11%.

Analyst Ratings Changes

Separately, Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a research note on Friday, November 15th.

About J&J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.