3,108 Shares in J&J Snack Foods Corp. (NASDAQ:JJSF) Acquired by Crestline Management LP

Crestline Management LP acquired a new stake in J&J Snack Foods Corp. (NASDAQ:JJSF) during the fourth quarter, HoldingsChannel reports. The fund acquired 3,108 shares of the company’s stock, valued at approximately $482,000.

Other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in J&J Snack Foods during the 4th quarter worth approximately $530,000. JPMorgan Chase & Co. boosted its position in shares of J&J Snack Foods by 27.8% during the third quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company’s stock worth $7,672,000 after purchasing an additional 9,703 shares in the last quarter. Barclays PLC grew its holdings in shares of J&J Snack Foods by 434.0% in the 3rd quarter. Barclays PLC now owns 30,065 shares of the company’s stock valued at $5,175,000 after buying an additional 24,435 shares during the period. Vanguard Group Inc. increased its position 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 valued at $256,457,000 after buying an additional 20,238 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of J&J Snack Foods in the 4th quarter valued at $674,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

J&J Snack Foods Stock Up 0.4 %

Shares of NASDAQ:JJSF opened at $116.21 on Friday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 26.78 and a beta of 0.49. J&J Snack Foods Corp. has a 12 month low of $112.40 and a 12 month high of $180.80. The company’s fifty day simple moving average is $130.97 and its 200 day simple moving average is $144.98.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.34). The firm had revenue of $356.10 million during the quarter, compared to analyst estimates of $369.01 million. J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. Research analysts expect that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.68%. J&J Snack Foods’s dividend payout ratio is currently 80.00%.

Wall Street Analysts Forecast Growth

JJSF has been the subject of a number of research analyst reports. Jefferies Financial Group decreased their target price on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Benchmark decreased their price objective on J&J Snack Foods from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday.

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.