D.B. Root & Company LLC Boosts Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

D.B. Root & Company LLC grew its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,304 shares of the company’s stock after buying an additional 528 shares during the period. D.B. Root & Company LLC’s holdings in J&J Snack Foods were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Jane Street Group LLC lifted its stake in J&J Snack Foods by 40.1% during the third quarter. Jane Street Group LLC now owns 31,936 shares of the company’s stock worth $5,497,000 after purchasing an additional 9,134 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in J&J Snack Foods by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock worth $74,400,000 after purchasing an additional 18,932 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of J&J Snack Foods by 3.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock valued at $278,899,000 after buying an additional 57,887 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of J&J Snack Foods by 128.7% in the 2nd quarter. Millennium Management LLC now owns 21,678 shares of the company’s stock valued at $3,520,000 after buying an additional 12,198 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position 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 last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

J&J Snack Foods Stock Down 2.3 %

NASDAQ:JJSF opened at $140.04 on Thursday. J&J Snack Foods Corp. has a 52-week low of $133.23 and a 52-week high of $180.80. The stock’s 50 day moving average price is $159.49 and its 200 day moving average price is $165.26. The company has a market capitalization of $2.73 billion, a PE ratio of 31.47 and a beta of 0.66.

J&J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Wednesday, November 13th. The company reported $1.60 earnings per share (EPS) 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 business had revenue of $426.76 million for the quarter, compared to analysts’ expectations of $428.33 million. During the same quarter last year, the business posted $1.73 earnings per share. The business’s revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts anticipate that J&J Snack Foods Corp. will post 5.49 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th were issued a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.23%. J&J Snack Foods’s payout ratio is 70.11%.

J&J Snack Foods 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.