Bridge City Capital LLC Purchases 6,282 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Bridge City Capital LLC raised its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 37.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,853 shares of the company’s stock after buying an additional 6,282 shares during the period. Bridge City Capital LLC owned 0.12% of J&J Snack Foods worth $3,010,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its position in shares of J&J Snack Foods by 163.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock valued at $50,000 after buying an additional 198 shares in the last quarter. Johnson Financial Group Inc. bought a new position in J&J Snack Foods during the 4th quarter worth $55,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of J&J Snack Foods during the 4th quarter worth $74,000. Huntington National Bank lifted its stake in J&J Snack Foods by 25.4% during the fourth quarter. Huntington National Bank now owns 513 shares of the company’s stock worth $80,000 after purchasing an additional 104 shares during the last quarter. Finally, KBC Group NV increased its position in J&J Snack Foods by 48.2% during the 4th quarter. KBC Group NV now owns 627 shares of the company’s stock worth $97,000 after purchasing an additional 204 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J&J Snack Foods Stock Performance

Shares of J&J Snack Foods stock opened at $116.00 on Monday. J&J Snack Foods Corp. has a 52-week low of $111.11 and a 52-week high of $180.80. The stock has a market capitalization of $2.26 billion, a PE ratio of 26.73 and a beta of 0.44. The company has a 50-day simple moving average of $123.96 and a two-hundred day simple moving average of $137.35.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.34). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The firm had revenue of $356.10 million during the quarter, compared to the consensus estimate of $369.01 million. During the same quarter in the previous year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities research analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th will be issued a $0.78 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.69%. J&J Snack Foods’s dividend payout ratio is presently 80.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on JJSF shares. Benchmark dropped their target price on shares of J&J Snack Foods from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Wall Street Zen upgraded shares of J&J Snack Foods from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Jefferies Financial Group dropped their target price on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th.

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.