Cibc World Markets Corp Buys Shares of 1,427 J&J Snack Foods Corp. (NASDAQ:JJSF)

Cibc World Markets Corp purchased a new position in J&J Snack Foods Corp. (NASDAQ:JJSF) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,427 shares of the company’s stock, valued at approximately $221,000.

A number of other large investors have also made changes to their positions in JJSF. Franklin Resources Inc. boosted its stake in J&J Snack Foods by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 1,546 shares of the company’s stock worth $259,000 after purchasing an additional 61 shares in the last quarter. Martingale Asset Management L P raised its holdings in shares of J&J Snack Foods by 0.7% in the third quarter. Martingale Asset Management L P now owns 14,109 shares of the company’s stock worth $2,428,000 after buying an additional 100 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of J&J Snack Foods by 27.4% during the fourth quarter. Blue Trust Inc. now owns 498 shares of the company’s stock worth $86,000 after buying an additional 107 shares during the period. GAMMA Investing LLC grew its holdings in shares of J&J Snack Foods by 32.8% during the fourth quarter. GAMMA Investing LLC now owns 603 shares of the company’s stock valued at $94,000 after buying an additional 149 shares during the last quarter. Finally, Inspire Investing LLC increased its position in shares of J&J Snack Foods by 8.3% in the 4th quarter. Inspire Investing LLC now owns 2,579 shares of the company’s stock valued at $400,000 after acquiring an additional 198 shares during the period. 76.04% of the stock is owned by institutional investors and hedge funds.

J&J Snack Foods Price Performance

NASDAQ JJSF opened at $127.65 on Thursday. The company has a fifty day moving average of $132.41 and a 200 day moving average of $153.64. The company has a market capitalization of $2.49 billion, a PE ratio of 29.41 and a beta of 0.66. J&J Snack Foods Corp. has a 1 year low of $116.60 and a 1 year high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. Research analysts expect that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.44%. J&J Snack Foods’s payout ratio is 71.89%.

Wall Street Analyst Weigh In

Several analysts have weighed in on JJSF shares. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a research note on Tuesday, February 4th. Jefferies Financial Group dropped their target price on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th.

About J&J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.