Newbridge Financial Services Group Inc. Makes New Investment in J&J Snack Foods Corp. (NASDAQ:JJSF)

Newbridge Financial Services Group Inc. acquired a new stake in J&J Snack Foods Corp. (NASDAQ:JJSF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 475 shares of the company’s stock, valued at approximately $74,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. lifted its position in J&J Snack Foods by 39,000.0% in the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after purchasing an additional 390 shares during the period. GAMMA Investing LLC raised its stake in shares of J&J Snack Foods by 24.0% in the 3rd quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $78,000 after buying an additional 88 shares in the last quarter. KBC Group NV lifted its holdings in shares of J&J Snack Foods by 48.2% in the fourth quarter. KBC Group NV now owns 627 shares of the company’s stock valued at $97,000 after buying an additional 204 shares during the period. nVerses Capital LLC bought a new position in J&J Snack Foods during the third quarter valued at about $120,000. Finally, Glenmede Trust Co. NA acquired a new position in J&J Snack Foods during the third quarter worth about $204,000. 76.04% of the stock is currently owned by institutional investors.

J&J Snack Foods Stock Performance

Shares of NASDAQ:JJSF opened at $125.09 on Tuesday. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 28.82 and a beta of 0.64. J&J Snack Foods Corp. has a 1-year low of $116.60 and a 1-year high of $180.80. The company has a 50 day moving average price of $149.86 and a 200 day moving average price of $162.12.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data 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%. On average, sell-side analysts expect that J&J Snack Foods Corp. will post 5.36 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $3.12 annualized dividend and a yield of 2.49%. J&J Snack Foods’s payout ratio is presently 71.89%.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, February 4th.

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.