Charles Schwab Investment Management Inc. Buys 1,446 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Charles Schwab Investment Management Inc. grew its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,105 shares of the company’s stock after acquiring an additional 1,446 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in J&J Snack Foods were worth $31,688,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Landscape Capital Management L.L.C. bought a new position in shares of J&J Snack Foods during the third quarter valued at $665,000. Intech Investment Management LLC bought a new position in shares of J&J Snack Foods during the third quarter valued at $654,000. Segall Bryant & Hamill LLC increased its holdings in shares of J&J Snack Foods by 5.6% during the third quarter. Segall Bryant & Hamill LLC now owns 24,960 shares of the company’s stock valued at $4,296,000 after acquiring an additional 1,324 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of J&J Snack Foods by 19.9% during the third quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock valued at $110,612,000 after acquiring an additional 106,817 shares in the last quarter. Finally, Geneva Capital Management LLC increased its holdings in J&J Snack Foods by 1.4% in the 3rd quarter. Geneva Capital Management LLC now owns 526,660 shares of the company’s stock worth $90,649,000 after buying an additional 7,283 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors.

J&J Snack Foods Stock Performance

NASDAQ JJSF opened at $172.84 on Wednesday. J&J Snack Foods Corp. has a one year low of $133.23 and a one year high of $180.80. The stock has a 50-day moving average of $169.20 and a 200 day moving average of $167.39. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 38.84 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.25). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The business had revenue of $426.76 million during the quarter, compared to the consensus estimate of $428.33 million. During the same quarter in the previous year, the business posted $1.73 earnings per share. J&J Snack Foods’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities analysts predict that J&J Snack Foods Corp. will post 5.49 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.81%. J&J Snack Foods’s dividend payout ratio is currently 70.11%.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a report on Friday, November 15th.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.