355 Shares in J&J Snack Foods Corp. (NASDAQ:JJSF) Purchased by Johnson Financial Group Inc.

Johnson Financial Group Inc. bought a new stake in J&J Snack Foods Corp. (NASDAQ:JJSF) during the 4th quarter, Holdings Channel reports. The firm bought 355 shares of the company’s stock, valued at approximately $55,000.

Several other institutional investors and hedge funds also recently bought and sold shares of JJSF. Vanguard Group Inc. lifted its holdings in shares of J&J Snack Foods by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company’s stock worth $256,457,000 after acquiring an additional 20,238 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of J&J Snack Foods by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company’s stock worth $100,060,000 after acquiring an additional 2,357 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of J&J Snack Foods by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 468,298 shares of the company’s stock worth $72,648,000 after acquiring an additional 6,544 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of J&J Snack Foods by 5.8% in the 4th quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock worth $38,596,000 after acquiring an additional 13,653 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of J&J Snack Foods by 4.0% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 234,716 shares of the company’s stock worth $36,411,000 after acquiring an additional 9,103 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J&J Snack Foods Stock Down 1.0 %

Shares of JJSF opened at $127.18 on Tuesday. J&J Snack Foods Corp. has a fifty-two week low of $116.60 and a fifty-two week high of $180.80. The firm’s 50 day moving average price is $132.40 and its 200 day moving average price is $147.60. The company has a market cap of $2.48 billion, a P/E ratio of 29.30 and a beta of 0.48.

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

J&J Snack Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio is presently 71.89%.

Wall Street Analysts Forecast Growth

JJSF has been the topic of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday, February 4th.

J&J Snack Foods Profile

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.