J&J Snack Foods (NASDAQ:JJSF) Stock Price Up 2.9% – What’s Next?

Shares of J&J Snack Foods Corp. (NASDAQ:JJSF) traded up 2.9% during trading on Monday . The company traded as high as $132.35 and last traded at $133.94. 19,252 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 98,120 shares. The stock had previously closed at $130.14.

Analyst Ratings Changes

JJSF has been the topic of several recent analyst reports. Jefferies Financial Group decreased their price target 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. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

J&J Snack Foods Stock Up 1.9 %

The firm has a market cap of $2.58 billion, a PE ratio of 30.52 and a beta of 0.66. The company has a 50-day simple moving average of $131.84 and a two-hundred day simple moving average of $153.16.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results 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 net margin of 5.31% and a return on equity of 9.84%. As a group, equities analysts predict that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be paid a $0.78 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.35%. J&J Snack Foods’s payout ratio is presently 71.89%.

Institutional Trading of J&J Snack Foods

A number of hedge funds have recently modified their holdings of JJSF. Franklin Resources Inc. grew its stake in shares of J&J Snack Foods by 4.1% in the third quarter. Franklin Resources Inc. now owns 1,546 shares of the company’s stock worth $259,000 after acquiring an additional 61 shares during the period. Martingale Asset Management L P raised its stake in J&J Snack Foods by 0.7% during the 3rd quarter. Martingale Asset Management L P now owns 14,109 shares of the company’s stock valued at $2,428,000 after purchasing an additional 100 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of J&J Snack Foods by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,596 shares of the company’s stock worth $248,000 after acquiring an additional 101 shares during the last quarter. Huntington National Bank grew its position in shares of J&J Snack Foods by 25.4% during the fourth quarter. Huntington National Bank now owns 513 shares of the company’s stock valued at $80,000 after purchasing an additional 104 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings 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 acquiring an additional 107 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.

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.