Deutsche Bank AG Boosts Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Deutsche Bank AG raised its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 51.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,057 shares of the company’s stock after purchasing an additional 4,756 shares during the period. Deutsche Bank AG owned 0.07% of J&J Snack Foods worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in J&J Snack Foods in the fourth quarter worth about $28,647,000. Susquehanna International Group LLP boosted its holdings in J&J Snack Foods by 45,128.9% in the fourth quarter. Susquehanna International Group LLP now owns 34,222 shares of the company’s stock worth $5,309,000 after acquiring an additional 34,298 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in J&J Snack Foods by 60.6% in the fourth quarter. JPMorgan Chase & Co. now owns 71,571 shares of the company’s stock worth $11,103,000 after acquiring an additional 26,999 shares in the last quarter. Barclays PLC boosted its holdings in J&J Snack Foods by 434.0% in the third quarter. Barclays PLC now owns 30,065 shares of the company’s stock worth $5,175,000 after acquiring an additional 24,435 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in J&J Snack Foods by 10.8% in the fourth quarter. Northern Trust Corp now owns 209,898 shares of the company’s stock worth $32,561,000 after acquiring an additional 20,449 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Stock Performance

Shares of NASDAQ JJSF opened at $112.60 on Friday. The company has a market cap of $2.19 billion, a PE ratio of 25.94 and a beta of 0.49. The business has a 50-day simple moving average of $127.31 and a two-hundred day simple moving average of $142.06. J&J Snack Foods Corp. has a fifty-two week low of $112.40 and a fifty-two week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last released its earnings results on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $356.10 million for the quarter, compared to analyst estimates of $369.01 million. During the same period last year, the firm earned $0.84 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, sell-side analysts predict that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Tuesday, June 17th. J&J Snack Foods’s dividend payout ratio (DPR) is 80.00%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JJSF. Jefferies Financial Group lowered their price target on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. Benchmark lowered their price target on 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.

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.