Alliancebernstein L.P. Increases Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Alliancebernstein L.P. lifted its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,946 shares of the company’s stock after buying an additional 125 shares during the period. Alliancebernstein L.P. owned approximately 0.09% of J&J Snack Foods worth $2,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of JJSF. Smartleaf Asset Management LLC boosted its position in J&J Snack Foods by 163.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock worth $50,000 after purchasing an additional 198 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of J&J Snack Foods in the fourth quarter worth approximately $74,000. Blue Trust Inc. grew its position in J&J Snack Foods by 27.4% during the fourth quarter. Blue Trust Inc. now owns 498 shares of the company’s stock valued at $86,000 after buying an additional 107 shares during the period. GAMMA Investing LLC increased its holdings in J&J Snack Foods by 32.8% during the fourth quarter. GAMMA Investing LLC now owns 603 shares of the company’s stock valued at $94,000 after buying an additional 149 shares during the last quarter. Finally, KBC Group NV raised its position in J&J Snack Foods by 48.2% in the fourth quarter. KBC Group NV now owns 627 shares of the company’s stock worth $97,000 after acquiring an additional 204 shares during the period. Institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Price Performance

JJSF opened at $132.94 on Wednesday. The business’s 50-day moving average is $131.03 and its two-hundred day moving average is $149.84. 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 market capitalization of $2.59 billion, a PE ratio of 30.63 and a beta of 0.48.

J&J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate 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%. As a group, sell-side 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 was paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.35%. The ex-dividend date was Tuesday, March 18th. J&J Snack Foods’s payout ratio is 71.89%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Jefferies Financial Group decreased their price objective on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, February 4th.

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.