Blue Trust Inc. Buys 107 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Blue Trust Inc. boosted its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 27.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 498 shares of the company’s stock after purchasing an additional 107 shares during the period. Blue Trust Inc.’s holdings in J&J Snack Foods were worth $86,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in J&J Snack Foods during the 2nd quarter valued at about $76,000. GAMMA Investing LLC raised its holdings in J&J Snack Foods by 24.0% in the 3rd quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $78,000 after acquiring an additional 88 shares during the last quarter. nVerses Capital LLC bought a new position in J&J Snack Foods in the 3rd quarter valued at approximately $120,000. Glenmede Trust Co. NA purchased a new stake in J&J Snack Foods during the 3rd quarter valued at $204,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of J&J Snack Foods in the 3rd quarter worth $208,000. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Trading Down 1.2 %

Shares of JJSF stock opened at $122.34 on Friday. J&J Snack Foods Corp. has a 12-month low of $116.60 and a 12-month high of $180.80. The stock has a market capitalization of $2.38 billion, a P/E ratio of 27.49 and a beta of 0.64. The firm’s 50 day moving average is $150.85 and its 200 day moving average is $162.50.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. As a group, equities analysts predict that J&J Snack Foods Corp. will post 5.49 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were paid a dividend of $0.78 per share. The ex-dividend date was Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.55%. J&J Snack Foods’s dividend payout ratio (DPR) is presently 70.11%.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research note on Tuesday.

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.