J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 27.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,572 shares of the company’s stock after buying an additional 9,703 shares during the quarter. JPMorgan Chase & Co.’s holdings in J&J Snack Foods were worth $7,672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JJSF. Allspring Global Investments Holdings LLC grew its holdings in shares of J&J Snack Foods by 3.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock valued at $278,899,000 after purchasing an additional 57,887 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of J&J Snack Foods by 19.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock valued at $110,612,000 after buying an additional 106,817 shares during the period. State Street Corp increased its holdings in shares of J&J Snack Foods by 2.9% during the 3rd quarter. State Street Corp now owns 602,295 shares of the company’s stock worth $104,140,000 after buying an additional 17,062 shares during the last quarter. Geneva Capital Management LLC raised its position in shares of J&J Snack Foods by 1.4% during the 3rd quarter. Geneva Capital Management LLC now owns 526,660 shares of the company’s stock valued at $90,649,000 after buying an additional 7,283 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in J&J Snack Foods by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock valued at $74,400,000 after acquiring an additional 18,932 shares during the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

J&J Snack Foods Price Performance

NASDAQ JJSF opened at $145.21 on Wednesday. The stock has a market capitalization of $2.83 billion, a P/E ratio of 32.63 and a beta of 0.66. The firm’s 50-day moving average is $163.92 and its two-hundred day moving average is $166.28. 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 posted its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates 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 company 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 EPS. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, analysts anticipate that J&J Snack Foods Corp. will post 5.49 EPS for the current year.

J&J Snack Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th were paid a $0.78 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.15%. J&J Snack Foods’s payout ratio is presently 70.11%.

Wall Street Analyst Weigh In

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

About J&J Snack Foods

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.