Wells Fargo & Company MN increased its stake in J & J Snack Foods Corp (NASDAQ:JJSF) by 20.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,443 shares of the company’s stock after buying an additional 6,311 shares during the period. Wells Fargo & Company MN owned 0.19% of J & J Snack Foods worth $4,785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Pinebridge Investments L.P. grew its stake in shares of J & J Snack Foods by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,973 shares of the company’s stock worth $260,000 after buying an additional 21 shares during the last quarter. 1st Global Advisors Inc. boosted its stake in J & J Snack Foods by 1.3% during the 2nd quarter. 1st Global Advisors Inc. now owns 3,003 shares of the company’s stock valued at $397,000 after purchasing an additional 39 shares during the last quarter. Amalgamated Bank boosted its stake in J & J Snack Foods by 4.9% during the 2nd quarter. Amalgamated Bank now owns 2,082 shares of the company’s stock valued at $275,000 after purchasing an additional 98 shares during the last quarter. Martingale Asset Management L P boosted its stake in J & J Snack Foods by 0.5% during the 2nd quarter. Martingale Asset Management L P now owns 42,103 shares of the company’s stock valued at $5,561,000 after purchasing an additional 200 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in J & J Snack Foods by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 1,928 shares of the company’s stock valued at $255,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 68.67% of the company’s stock.

Several analysts have commented on JJSF shares. CL King started coverage on J & J Snack Foods in a research note on Tuesday, December 19th. They set a “buy” rating on the stock. Jefferies Group set a $130.00 target price on J & J Snack Foods and gave the company a “hold” rating in a research note on Thursday, November 16th. Finally, Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th.

Shares of J & J Snack Foods Corp (JJSF) opened at $149.73 on Friday. J & J Snack Foods Corp has a 52 week low of $121.20 and a 52 week high of $157.33. The company has a market capitalization of $2,784.78, a price-to-earnings ratio of 35.65 and a beta of 0.81.

J & J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Thursday, November 9th. The company reported $1.29 EPS for the quarter, beating the 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 the consensus estimate of $287.91 million. During the same period last year, the business posted $1.10 EPS. The company’s revenue was up 20.8% compared to the same quarter last year. analysts expect that J & J Snack Foods Corp will post 4.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Wednesday, December 13th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.20%. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.42. The ex-dividend date was Tuesday, December 12th. J & J Snack Foods’s dividend payout ratio (DPR) is currently 42.86%.

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J & J Snack Foods 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.

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

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