J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 365,333 shares of the company’s stock after acquiring an additional 546 shares during the quarter. Geode Capital Management LLC owned about 1.88% of J&J Snack Foods worth $62,893,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Blue Trust Inc. raised its holdings in J&J Snack Foods by 39,000.0% during the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after purchasing an additional 390 shares in the last quarter. GAMMA Investing LLC raised its stake in J&J Snack Foods by 24.0% during the 3rd quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $78,000 after acquiring an additional 88 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in J&J Snack Foods in the second quarter valued at $76,000. Canada Pension Plan Investment Board acquired a new position in J&J Snack Foods in the second quarter valued at $114,000. Finally, nVerses Capital LLC purchased a new position in shares of J&J Snack Foods during the third quarter worth about $120,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

J&J Snack Foods Trading Down 0.4 %

Shares of JJSF opened at $160.13 on Friday. The company’s 50 day simple moving average is $168.61 and its 200-day simple moving average is $167.76. The firm has a market cap of $3.11 billion, a PE ratio of 35.98 and a beta of 0.64. J&J Snack Foods Corp. has a 12-month low of $133.23 and a 12-month high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 earnings per share (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 for the quarter, compared to analysts’ expectations of $428.33 million. During the same period in the previous year, the business posted $1.73 earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities research analysts forecast that J&J Snack Foods Corp. will post 5.49 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The business also recently disclosed 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. This represents a $3.12 annualized dividend and a yield of 1.95%. The ex-dividend date is Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio is presently 70.11%.

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.