Schwab Charles Investment Management Inc. Has $12.11 Million Position in J & J Snack Foods Corp (JJSF)

Schwab Charles Investment Management Inc. boosted its position in J & J Snack Foods Corp (NASDAQ:JJSF) by 4.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,187 shares of the company’s stock after purchasing an additional 3,543 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.49% of J & J Snack Foods worth $12,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of J & J Snack Foods by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,526,892 shares of the company’s stock valued at $201,656,000 after acquiring an additional 22,527 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of J & J Snack Foods by 9.0% during the 3rd quarter. Macquarie Group Ltd. now owns 714,802 shares of the company’s stock valued at $93,854,000 after acquiring an additional 58,865 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of J & J Snack Foods by 2.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 480,929 shares of the company’s stock valued at $63,463,000 after acquiring an additional 12,394 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of J & J Snack Foods by 128.9% during the 2nd quarter. Janus Henderson Group PLC now owns 444,376 shares of the company’s stock valued at $58,690,000 after acquiring an additional 250,275 shares during the last quarter. Finally, State Street Corp increased its stake in shares of J & J Snack Foods by 4.7% during the 2nd quarter. State Street Corp now owns 382,415 shares of the company’s stock valued at $50,508,000 after acquiring an additional 16,999 shares during the last quarter. 68.67% of the stock is owned by hedge funds and other institutional investors.

JJSF has been the subject of a number of research reports. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Jefferies Group set a $125.00 target price on J & J Snack Foods and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, CL King initiated coverage on J & J Snack Foods in a report on Tuesday, December 19th. They set a “buy” rating for the company. 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 stock. The company currently has an average rating of “Hold” and an average target price of $135.00.

Shares of J & J Snack Foods Corp (NASDAQ JJSF) opened at $151.27 on Wednesday. The stock has a market capitalization of $2,820.00, a PE ratio of 35.93 and a beta of 0.81. J & J Snack Foods Corp has a fifty-two week low of $121.20 and a fifty-two week high of $157.33.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, December 12th. This is a boost from J & J Snack Foods’s previous quarterly dividend of $0.42. J & J Snack Foods’s dividend payout ratio is currently 42.76%.

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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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