Huntington National Bank Boosts Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Huntington National Bank lifted its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 25.4% in the fourth quarter, HoldingsChannel reports. The firm owned 513 shares of the company’s stock after buying an additional 104 shares during the period. Huntington National Bank’s holdings in J&J Snack Foods were worth $80,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JJSF. Vanguard Group Inc. boosted its holdings in J&J Snack Foods by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company’s stock valued at $256,457,000 after purchasing an additional 20,238 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in J&J Snack Foods by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company’s stock valued at $100,060,000 after acquiring an additional 2,357 shares during the last quarter. State Street Corp grew its position in J&J Snack Foods by 2.9% in the third quarter. State Street Corp now owns 602,295 shares of the company’s stock worth $104,140,000 after acquiring an additional 17,062 shares during the period. DAVENPORT & Co LLC increased its stake in J&J Snack Foods by 5.8% during the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock worth $38,596,000 after acquiring an additional 13,653 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of J&J Snack Foods by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 185,669 shares of the company’s stock valued at $28,803,000 after purchasing an additional 1,564 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J&J Snack Foods Trading Up 0.3 %

Shares of NASDAQ JJSF opened at $134.10 on Monday. The stock has a market capitalization of $2.61 billion, a PE ratio of 30.90 and a beta of 0.48. J&J Snack Foods Corp. has a twelve month low of $116.60 and a twelve month high of $180.80. The stock has a fifty day simple moving average of $131.03 and a 200-day simple moving average of $152.01.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) 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 predict that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th will be paid a $0.78 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.33%. J&J Snack Foods’s dividend payout ratio (DPR) is 71.89%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of J&J Snack Foods in a research report on Tuesday, February 4th. Jefferies Financial Group reduced 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 note on Tuesday, February 18th.

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.