J & J Snack Foods Corp (JJSF) Stake Boosted by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its stake in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 568.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,845 shares of the company’s stock after acquiring an additional 13,475 shares during the quarter. Allianz Asset Management GmbH owned about 0.08% of J & J Snack Foods worth $2,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its holdings in J & J Snack Foods by 4.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 92,187 shares of the company’s stock worth $12,105,000 after buying an additional 3,543 shares during the period. WINTON GROUP Ltd acquired a new position in J & J Snack Foods in the 3rd quarter worth approximately $5,883,000. Wells Fargo & Company MN increased its holdings in J & J Snack Foods by 20.9% in the 3rd quarter. Wells Fargo & Company MN now owns 36,443 shares of the company’s stock worth $4,785,000 after buying an additional 6,311 shares during the period. Legal & General Group Plc increased its holdings in J & J Snack Foods by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 29,342 shares of the company’s stock worth $3,852,000 after buying an additional 450 shares during the period. Finally, American International Group Inc. increased its holdings in J & J Snack Foods by 5.8% in the 3rd quarter. American International Group Inc. now owns 11,924 shares of the company’s stock worth $1,566,000 after buying an additional 651 shares during the period. Hedge funds and other institutional investors own 68.67% of the company’s stock.

J & J Snack Foods Corp (NASDAQ JJSF) opened at $152.67 on Monday. J & J Snack Foods Corp has a fifty-two week low of $121.20 and a fifty-two week high of $157.33. The firm has a market cap of $2,840.00, a P/E ratio of 36.26 and a beta of 0.81.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Thursday, November 9th. The company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. J & J Snack Foods had a return on equity of 11.91% and a net margin of 7.30%. The business had revenue of $316.73 million for the quarter, compared to analyst estimates of $287.91 million. During the same quarter in the prior year, the firm posted $1.10 EPS. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. research analysts expect that J & J Snack Foods Corp will post 4.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, December 12th. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.42. J & J Snack Foods’s dividend payout ratio is currently 42.76%.

Several brokerages recently weighed in on JJSF. CL King began coverage on shares of J & J Snack Foods in a report on Tuesday, December 19th. They issued a “buy” rating on the stock. Jefferies Group set a $130.00 price target on shares of J & J Snack Foods and gave the stock a “hold” rating in a report on Thursday, November 16th. Finally, Zacks Investment Research downgraded shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a report on Saturday, November 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $135.00.

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J & J Snack Foods Company Profile

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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Institutional Ownership by Quarter for J & J Snack Foods (NASDAQ:JJSF)

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