Swiss National Bank Sells 400 Shares of J & J Snack Foods Corp. $JJSF

Swiss National Bank lessened its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 1.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,200 shares of the company’s stock after selling 400 shares during the period. Swiss National Bank owned about 0.15% of J & J Snack Foods worth $3,978,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Johnson Financial Group Inc. bought a new stake in J & J Snack Foods during the fourth quarter worth about $55,000. CWM LLC raised its holdings in J & J Snack Foods by 301.3% during the first quarter. CWM LLC now owns 634 shares of the company’s stock worth $84,000 after acquiring an additional 476 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in J & J Snack Foods by 1,200.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,807 shares of the company’s stock worth $280,000 after acquiring an additional 1,668 shares in the last quarter. Gotham Asset Management LLC raised its holdings in J & J Snack Foods by 56.5% during the fourth quarter. Gotham Asset Management LLC now owns 1,818 shares of the company’s stock worth $282,000 after acquiring an additional 656 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new stake in J & J Snack Foods during the fourth quarter worth about $296,000. Institutional investors own 76.04% of the company’s stock.

Analysts Set New Price Targets

JJSF has been the topic of several analyst reports. Wall Street Zen upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Benchmark dropped their target price on J & J Snack Foods from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $142.50.

J & J Snack Foods Trading Down 1.7%

J & J Snack Foods stock opened at $112.33 on Thursday. J & J Snack Foods Corp. has a 12 month low of $106.40 and a 12 month high of $180.80. The stock’s 50 day moving average is $114.74 and its 200-day moving average is $122.39. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 26.18 and a beta of 0.45.

J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Tuesday, August 5th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.74 by $0.26. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The company had revenue of $454.30 million for the quarter, compared to the consensus estimate of $445.98 million. During the same quarter in the prior year, the business earned $1.98 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities research analysts predict that J & J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J & J Snack Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 16th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $3.20 annualized dividend and a yield of 2.8%. This is a boost from J & J Snack Foods’s previous quarterly dividend of $0.78. J & J Snack Foods’s payout ratio is presently 72.73%.

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.