Gotham Asset Management LLC Grows Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Gotham Asset Management LLC boosted its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 56.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,818 shares of the company’s stock after acquiring an additional 656 shares during the quarter. Gotham Asset Management LLC’s holdings in J&J Snack Foods were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings 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 purchasing an additional 198 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in J&J Snack Foods during the fourth quarter worth $55,000. Newbridge Financial Services Group Inc. acquired a new position in J&J Snack Foods during the fourth quarter worth $74,000. Blue Trust Inc. boosted its holdings 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 acquiring an additional 107 shares during the period. Finally, Huntington National Bank lifted its stake 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 valued at $80,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Benchmark lowered their price target on shares of J&J Snack Foods from $165.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Jefferies Financial Group decreased their price target on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th.

J&J Snack Foods Stock Up 0.8%

Shares of NASDAQ JJSF opened at $116.64 on Wednesday. J&J Snack Foods Corp. has a 12-month low of $112.40 and a 12-month high of $180.80. The firm has a market cap of $2.27 billion, a PE ratio of 26.88 and a beta of 0.49. The company’s fifty day simple moving average is $128.14 and its 200 day simple moving average is $142.46.

J&J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.34). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The business had revenue of $356.10 million during the quarter, compared to analysts’ expectations of $369.01 million. During the same quarter in the previous year, the business earned $0.84 EPS. J&J Snack Foods’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities analysts predict that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, June 17th. J&J Snack Foods’s dividend payout ratio (DPR) is 80.00%.

J&J Snack Foods Company 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.