J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 121,818 shares of the company’s stock after acquiring an additional 2,286 shares during the quarter. Sei Investments Co. owned 0.63% of J&J Snack Foods worth $18,898,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in JJSF. Smartleaf Asset Management LLC increased its holdings 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 purchasing an additional 198 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in J&J Snack Foods in the fourth quarter valued at about $74,000. Blue Trust Inc. lifted its position in shares of J&J Snack Foods by 27.4% during the 4th quarter. Blue Trust Inc. now owns 498 shares of the company’s stock valued at $86,000 after acquiring an additional 107 shares during the period. GAMMA Investing LLC boosted its stake in shares of J&J Snack Foods by 32.8% during the 4th quarter. GAMMA Investing LLC now owns 603 shares of the company’s stock worth $94,000 after acquiring an additional 149 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of J&J Snack Foods by 48.2% in the 4th quarter. KBC Group NV now owns 627 shares of the company’s stock worth $97,000 after acquiring an additional 204 shares during the period. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on JJSF. Jefferies Financial Group decreased 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. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

J&J Snack Foods Price Performance

Shares of JJSF opened at $130.68 on Friday. J&J Snack Foods Corp. has a 1-year low of $116.60 and a 1-year high of $180.80. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 30.11 and a beta of 0.66. The firm has a 50 day simple moving average of $132.12 and a 200-day simple moving average of $153.48.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. On average, equities analysts expect 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, March 18th. J&J Snack Foods’s payout ratio is 71.89%.

About J&J Snack Foods

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.