5,035 Shares in J&J Snack Foods Corp. (NASDAQ:JJSF) Purchased by Alpine Global Management LLC

Alpine Global Management LLC bought a new position in J&J Snack Foods Corp. (NASDAQ:JJSF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,035 shares of the company’s stock, valued at approximately $781,000.

A number of other institutional investors have also made changes to their positions in JJSF. Smartleaf Asset Management LLC raised its holdings in shares of J&J Snack Foods by 163.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock worth $50,000 after purchasing an additional 198 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of J&J Snack Foods during the fourth quarter valued at approximately $74,000. Blue Trust Inc. raised its position in shares of J&J Snack Foods by 27.4% during the 4th quarter. Blue Trust Inc. now owns 498 shares of the company’s stock worth $86,000 after purchasing an additional 107 shares during the period. Huntington National Bank lifted its holdings in shares of J&J Snack Foods by 25.4% in the 4th quarter. Huntington National Bank now owns 513 shares of the company’s stock worth $80,000 after purchasing an additional 104 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in J&J Snack Foods by 32.8% during the 4th quarter. GAMMA Investing LLC now owns 603 shares of the company’s stock worth $94,000 after buying an additional 149 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors.

J&J Snack Foods Stock Performance

JJSF opened at $136.93 on Tuesday. The stock’s fifty day moving average is $131.82 and its 200-day moving average is $148.85. The company has a market capitalization of $2.67 billion, a PE ratio of 31.55 and a beta of 0.48. J&J Snack Foods Corp. has a one year low of $116.60 and a one year high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, February 3rd. The company reported $0.33 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%. On average, equities research analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio is currently 71.89%.

Wall Street Analyst Weigh In

Several research firms have commented on JJSF. Benchmark restated a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a research report on Tuesday, February 4th. Jefferies Financial Group cut 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 note on Tuesday, February 18th.

J&J Snack Foods Company 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.