Bank of Montreal Can Increases Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Bank of Montreal Can lifted its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 18.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,002 shares of the company’s stock after purchasing an additional 310 shares during the quarter. Bank of Montreal Can’s holdings in J&J Snack Foods were worth $311,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JJSF. Smartleaf Asset Management LLC increased its position in shares of J&J Snack Foods by 163.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock valued at $50,000 after buying an additional 198 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in J&J Snack Foods during the fourth quarter valued at approximately $74,000. Blue Trust Inc. boosted its holdings in J&J Snack Foods by 27.4% in the 4th quarter. Blue Trust Inc. now owns 498 shares of the company’s stock valued at $86,000 after purchasing an additional 107 shares during the period. Huntington National Bank increased its position in shares of J&J Snack Foods by 25.4% in the fourth quarter. Huntington National Bank now owns 513 shares of the company’s stock worth $80,000 after purchasing an additional 104 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in J&J Snack Foods by 32.8% in the fourth quarter. GAMMA Investing LLC now owns 603 shares of the company’s stock worth $94,000 after acquiring an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Trading Down 0.4 %

JJSF stock opened at $136.01 on Thursday. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 31.34 and a beta of 0.48. The firm’s 50-day moving average price is $132.17 and its two-hundred day moving average price is $148.53. J&J Snack Foods Corp. has a 12-month low of $116.60 and a 12-month high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) 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%. Equities analysts predict 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. Investors of record on Tuesday, March 18th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Tuesday, March 18th. J&J Snack Foods’s payout ratio is 71.89%.

Analysts Set New Price Targets

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

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.