Invesco Ltd. Boosts Stake in J & J Snack Foods Corp. $JJSF

Invesco Ltd. lifted its holdings in J & J Snack Foods Corp. (NASDAQ:JJSF) by 4.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,008 shares of the company’s stock after buying an additional 3,442 shares during the period. Invesco Ltd. owned approximately 0.40% of J & J Snack Foods worth $10,275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of JJSF. Johnson Financial Group Inc. purchased a new position in shares of J & J Snack Foods in the fourth quarter worth about $55,000. CWM LLC lifted its stake in shares of J & J Snack Foods by 301.3% in the first quarter. CWM LLC now owns 634 shares of the company’s stock worth $84,000 after buying an additional 476 shares in the last quarter. MQS Management LLC purchased a new position in shares of J & J Snack Foods in the first quarter worth about $275,000. Tower Research Capital LLC TRC lifted its stake in shares of J & J Snack Foods by 1,200.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,807 shares of the company’s stock worth $280,000 after buying an additional 1,668 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its stake in shares of J & J Snack Foods by 56.5% in the fourth quarter. Gotham Asset Management LLC now owns 1,818 shares of the company’s stock worth $282,000 after buying an additional 656 shares in the last quarter. 76.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on JJSF shares. Wall Street Zen raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Benchmark cut their price objective on shares of J & J Snack Foods from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, J & J Snack Foods presently has an average rating of “Moderate Buy” and an average target price of $142.50.

J & J Snack Foods Trading Up 3.1%

J & J Snack Foods stock opened at $115.96 on Monday. J & J Snack Foods Corp. has a 12-month low of $106.40 and a 12-month high of $180.80. The stock has a market cap of $2.26 billion, a P/E ratio of 27.03 and a beta of 0.45. The company has a 50-day moving average price of $114.69 and a 200 day moving average price of $122.18.

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

J & J Snack Foods Increases Dividend

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

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.