BlackRock Inc. Purchases 35,505 Shares of J & J Snack Foods Corp (JJSF)
BlackRock Inc. raised its position in J & J Snack Foods Corp (NASDAQ:JJSF) by 1.9% in the fourth quarter, Holdings Channel reports. The fund owned 1,864,547 shares of the company’s stock after buying an additional 35,505 shares during the period. BlackRock Inc. owned approximately 0.10% of J & J Snack Foods worth $283,094,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of JJSF. Shelton Capital Management purchased a new position in J & J Snack Foods in the fourth quarter worth approximately $204,000. CIBC Asset Management Inc purchased a new stake in shares of J & J Snack Foods during the 4th quarter worth approximately $207,000. Bruderman Asset Management LLC purchased a new stake in shares of J & J Snack Foods during the 4th quarter worth approximately $216,000. Teton Advisors Inc. purchased a new stake in shares of J & J Snack Foods during the 4th quarter worth approximately $228,000. Finally, K.J. Harrison & Partners Inc purchased a new stake in shares of J & J Snack Foods during the 4th quarter worth approximately $304,000. Institutional investors own 67.73% of the company’s stock.
Several brokerages have recently weighed in on JJSF. BidaskClub upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research upgraded shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $156.00 price objective for the company in a research report on Saturday, February 3rd. Jefferies Group restated a “hold” rating and set a $135.00 price objective on shares of J & J Snack Foods in a research report on Tuesday, January 30th. Finally, CL King began coverage on shares of J & J Snack Foods in a research report on Tuesday, December 19th. They set a “buy” rating for the company.
Shares of J & J Snack Foods Corp (JJSF) opened at $141.80 on Friday. The firm has a market cap of $2,660.00, a P/E ratio of 33.29 and a beta of 0.66. J & J Snack Foods Corp has a 12-month low of $121.20 and a 12-month high of $157.33.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, January 29th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). The company had revenue of $265.20 million for the quarter, compared to analysts’ expectations of $253.95 million. J & J Snack Foods had a return on equity of 11.79% and a net margin of 9.07%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. analysts forecast that J & J Snack Foods Corp will post 4.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.27%. J & J Snack Foods’s dividend payout ratio is presently 42.25%.
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About J & J Snack Foods
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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