Invesco Ltd. Has $11.57 Million Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Invesco Ltd. grew its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,566 shares of the company’s stock after buying an additional 396 shares during the period. Invesco Ltd. owned approximately 0.38% of J&J Snack Foods worth $11,567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can increased its position in J&J Snack Foods by 18.3% during the fourth quarter. Bank of Montreal Can now owns 2,002 shares of the company’s stock worth $311,000 after acquiring an additional 310 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of J&J Snack Foods by 4.0% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 234,716 shares of the company’s stock worth $36,411,000 after purchasing an additional 9,103 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of J&J Snack Foods by 28.1% during the fourth quarter. Wells Fargo & Company MN now owns 11,497 shares of the company’s stock worth $1,784,000 after purchasing an additional 2,525 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in shares of J&J Snack Foods in the fourth quarter valued at approximately $430,000. Finally, Nicolet Advisory Services LLC boosted its stake in shares of J&J Snack Foods by 8.8% in the fourth quarter. Nicolet Advisory Services LLC now owns 2,290 shares of the company’s stock valued at $325,000 after buying an additional 185 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on JJSF. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of J&J Snack Foods in a research note on Tuesday, February 4th. Jefferies Financial Group decreased their price target on 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.

J&J Snack Foods Trading Down 0.3 %

NASDAQ JJSF opened at $136.49 on Wednesday. The firm’s 50 day simple moving average is $131.94 and its 200 day simple moving average is $148.62. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 31.45 and a beta of 0.48. J&J Snack Foods Corp. has a 1 year low of $116.60 and a 1 year high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last issued its earnings results 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%. On average, equities research analysts forecast that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were issued a $0.78 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.29%. J&J Snack Foods’s dividend payout ratio (DPR) is currently 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.