J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 121,818 shares of the company’s stock after purchasing an additional 2,286 shares during the period. Sei Investments Co.’s holdings in J&J Snack Foods were worth $18,898,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JJSF. Barclays PLC increased its stake in shares of J&J Snack Foods by 434.0% during the 3rd quarter. Barclays PLC now owns 30,065 shares of the company’s stock valued at $5,175,000 after acquiring an additional 24,435 shares during the last quarter. State Street Corp grew its holdings in J&J Snack Foods by 2.9% in the third quarter. State Street Corp now owns 602,295 shares of the company’s stock valued at $104,140,000 after purchasing an additional 17,062 shares during the period. DAVENPORT & Co LLC increased its position in J&J Snack Foods by 5.8% during the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock worth $38,596,000 after purchasing an additional 13,653 shares during the last quarter. JPMorgan Chase & Co. raised its stake in 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 during the period. Finally, Jane Street Group LLC boosted its holdings in shares of J&J Snack Foods by 40.1% in the 3rd quarter. Jane Street Group LLC now owns 31,936 shares of the company’s stock valued at $5,497,000 after purchasing an additional 9,134 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on JJSF. 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 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 Stock Up 2.4 %

J&J Snack Foods stock opened at $130.68 on Friday. The firm has a market capitalization of $2.55 billion, a P/E ratio of 30.11 and a beta of 0.66. The firm has a fifty day moving average of $132.12 and a 200-day moving average of $153.48. J&J Snack Foods Corp. has a 52-week low of $116.60 and a 52-week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data 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, research analysts expect that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 71.89%.

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.