J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Purchased by Fmr LLC

Fmr LLC raised its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 109.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,954 shares of the company’s stock after acquiring an additional 1,023 shares during the quarter. Fmr LLC’s holdings in J&J Snack Foods were worth $336,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in shares of J&J Snack Foods by 1.9% in the second quarter. Arizona State Retirement System now owns 4,341 shares of the company’s stock valued at $705,000 after purchasing an additional 83 shares during the period. Creative Planning boosted its position in J&J Snack Foods by 1.9% in the 3rd quarter. Creative Planning now owns 4,683 shares of the company’s stock valued at $806,000 after buying an additional 86 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of J&J Snack Foods by 24.0% during the third quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $78,000 after acquiring an additional 88 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of J&J Snack Foods by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the company’s stock valued at $1,266,000 after acquiring an additional 100 shares in the last quarter. Finally, Nicolet Advisory Services LLC increased its position in shares of J&J Snack Foods by 6.4% during the third quarter. Nicolet Advisory Services LLC now owns 2,105 shares of the company’s stock worth $355,000 after acquiring an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Trading Down 0.4 %

J&J Snack Foods stock opened at $160.13 on Friday. J&J Snack Foods Corp. has a 52 week low of $133.23 and a 52 week high of $180.80. The stock has a market cap of $3.11 billion, a P/E ratio of 35.98 and a beta of 0.64. The stock has a 50 day moving average of $168.76 and a 200-day moving average of $167.81.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.25). The company had revenue of $426.76 million for the quarter, compared to the consensus estimate of $428.33 million. J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.73 earnings per share. As a group, 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be paid a $0.78 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a yield of 1.95%. J&J Snack Foods’s dividend payout ratio (DPR) is 70.11%.

Wall Street Analysts Forecast Growth

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