Northern Trust Corp grew its holdings in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 245,552 shares of the company’s stock after purchasing an additional 13,019 shares during the period. Northern Trust Corp owned approximately 1.31% of J & J Snack Foods worth $35,505,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of JJSF. Pearl River Capital LLC acquired a new position in shares of J & J Snack Foods during the fourth quarter valued at $72,000. Paradigm Asset Management Co. LLC increased its holdings in shares of J & J Snack Foods by 25.0% during the third quarter. Paradigm Asset Management Co. LLC now owns 500 shares of the company’s stock valued at $75,000 after purchasing an additional 100 shares during the period. PNC Financial Services Group Inc. grew its holdings in J & J Snack Foods by 63.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 578 shares of the company’s stock worth $84,000 after acquiring an additional 225 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in J & J Snack Foods during the fourth quarter worth about $125,000. Finally, Huntington National Bank grew its holdings in J & J Snack Foods by 46.6% during the fourth quarter. Huntington National Bank now owns 887 shares of the company’s stock worth $128,000 after acquiring an additional 282 shares during the period. 72.74% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on JJSF shares. Zacks Investment Research raised J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. BidaskClub lowered J & J Snack Foods from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 16th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $145.00 target price on shares of J & J Snack Foods in a report on Thursday, January 31st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. J & J Snack Foods has an average rating of “Hold” and a consensus price target of $145.00.
J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, January 28th. The company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. The firm had revenue of $271.60 million for the quarter, compared to analyst estimates of $271.75 million. J & J Snack Foods had a return on equity of 10.95% and a net margin of 7.41%. J & J Snack Foods’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. Analysts anticipate that J & J Snack Foods Corp will post 4.88 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, March 13th. J & J Snack Foods’s payout ratio is currently 49.26%.
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J & J Snack Foods Company Profile
J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.
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