Balyasny Asset Management L.P. Has $4.70 Million Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Balyasny Asset Management L.P. boosted its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 143.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 30,277 shares of the company’s stock after purchasing an additional 17,820 shares during the quarter. Balyasny Asset Management L.P.’s holdings in J&J Snack Foods were worth $4,697,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of J&J Snack Foods during the fourth quarter valued at approximately $530,000. JPMorgan Chase & Co. grew its position in J&J Snack Foods by 27.8% during the 3rd 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 raised its stake in 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 purchasing an additional 24,435 shares during the period. Vanguard Group Inc. boosted its position in shares of J&J Snack Foods by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company’s stock worth $256,457,000 after buying an additional 20,238 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of J&J Snack Foods during the fourth quarter valued at $674,000. 76.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on JJSF shares. Jefferies Financial Group decreased their price objective on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Benchmark lowered their price objective on shares of J&J Snack Foods from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday.

J&J Snack Foods Trading Up 0.4 %

JJSF opened at $116.21 on Friday. J&J Snack Foods Corp. has a 1 year low of $112.40 and a 1 year high of $180.80. The stock has a fifty day moving average price of $130.97 and a 200 day moving average price of $144.98. The stock 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 (NASDAQ:JJSF) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 9.84% and a net margin of 5.31%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 EPS. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio is presently 80.00%.

J&J Snack Foods Company 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.