Grantham Mayo Van Otterloo & Co. LLC Has $36.41 Million Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 4.0% during the 4th quarter, HoldingsChannel reports. The fund owned 234,716 shares of the company’s stock after purchasing an additional 9,103 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in J&J Snack Foods were worth $36,411,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JJSF. FMR LLC raised its stake in shares of J&J Snack Foods by 109.9% during the third quarter. FMR LLC now owns 1,954 shares of the company’s stock valued at $336,000 after acquiring an additional 1,023 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in J&J Snack Foods by 40.4% in the third quarter. BNP Paribas Financial Markets now owns 11,279 shares of the company’s stock valued at $1,941,000 after purchasing an additional 3,246 shares during the period. Holocene Advisors LP raised its position in J&J Snack Foods by 364.1% during the 3rd quarter. Holocene Advisors LP now owns 7,244 shares of the company’s stock worth $1,247,000 after purchasing an additional 5,683 shares during the last quarter. State Street Corp lifted its holdings in J&J Snack Foods by 2.9% during the 3rd quarter. State Street Corp now owns 602,295 shares of the company’s stock worth $104,140,000 after buying an additional 17,062 shares during the period. Finally, Jane Street Group LLC grew its position in shares of J&J Snack Foods by 40.1% in the 3rd quarter. Jane Street Group LLC now owns 31,936 shares of the company’s stock valued at $5,497,000 after buying an additional 9,134 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Trading Up 0.3 %

Shares of J&J Snack Foods stock opened at $134.10 on Friday. The business has a 50-day moving average price of $131.03 and a two-hundred day moving average price of $152.12. J&J Snack Foods Corp. has a 1-year low of $116.60 and a 1-year high of $180.80. The company has a market cap of $2.61 billion, a P/E ratio of 30.90 and a beta of 0.48.

J&J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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%. 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 announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.33%. The ex-dividend date is Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio is presently 71.89%.

Analysts Set New Price Targets

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