Russell Investments Group Ltd. Buys 3,181 Shares of J & J Snack Foods Corp. $JJSF

Russell Investments Group Ltd. boosted its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 17.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,621 shares of the company’s stock after purchasing an additional 3,181 shares during the quarter. Russell Investments Group Ltd. owned about 0.11% of J & J Snack Foods worth $2,848,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new position in J & J Snack Foods during the fourth quarter worth $55,000. CWM LLC lifted its holdings in shares of 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 buying an additional 476 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of J & J Snack Foods during the first quarter worth $232,000. MQS Management LLC acquired a new stake in shares of J & J Snack Foods during the first quarter worth $275,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of 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 buying an additional 1,668 shares in the last quarter. 76.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on JJSF. Wall Street Zen raised 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 for the company in a report on Wednesday, May 7th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, J & J Snack Foods has an average rating of “Moderate Buy” and a consensus target price of $142.50.

J & J Snack Foods Stock Up 3.1%

JJSF stock opened at $115.96 on Monday. The company has a market cap of $2.26 billion, a PE ratio of 27.03 and a beta of 0.45. The business has a 50-day simple moving average of $114.69 and a 200 day simple moving average of $122.18. J & J Snack Foods Corp. has a 52 week low of $106.40 and a 52 week high of $180.80.

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

J & J Snack Foods Increases Dividend

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