Bridge City Capital LLC Acquires 147 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Bridge City Capital LLC grew its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,571 shares of the company’s stock after purchasing an additional 147 shares during the quarter. Bridge City Capital LLC owned about 0.09% of J&J Snack Foods worth $2,571,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position in J&J Snack Foods by 163.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock worth $50,000 after buying an additional 198 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of J&J Snack Foods during the fourth quarter worth approximately $74,000. Blue Trust Inc. grew its stake in shares of J&J Snack Foods by 27.4% during the fourth quarter. Blue Trust Inc. now owns 498 shares of the company’s stock valued at $86,000 after purchasing an additional 107 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of J&J Snack Foods by 32.8% in the fourth quarter. GAMMA Investing LLC now owns 603 shares of the company’s stock valued at $94,000 after purchasing an additional 149 shares in the last quarter. Finally, KBC Group NV raised its position in J&J Snack Foods by 48.2% in the 4th quarter. KBC Group NV now owns 627 shares of the company’s stock worth $97,000 after purchasing an additional 204 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JJSF shares. Jefferies Financial Group lowered 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 reiterated a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research report on Tuesday, February 4th.

J&J Snack Foods Stock Performance

Shares of JJSF stock opened at $126.71 on Friday. The firm’s 50 day moving average price is $133.44 and its two-hundred day moving average price is $154.60. J&J Snack Foods Corp. has a 52-week low of $116.60 and a 52-week high of $180.80. The stock has a market cap of $2.47 billion, a PE ratio of 29.20 and a beta of 0.66.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, sell-side analysts predict that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The company 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 $0.78 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.46%. J&J Snack Foods’s dividend payout ratio is 71.89%.

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.