Semanteon Capital Management LP Invests $1.39 Million in J&J Snack Foods Corp. (NASDAQ:JJSF)

Semanteon Capital Management LP acquired a new position in J&J Snack Foods Corp. (NASDAQ:JJSF) during the fourth quarter, Holdings Channel reports. The firm acquired 8,939 shares of the company’s stock, valued at approximately $1,387,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in shares of J&J Snack Foods by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company’s stock worth $100,060,000 after buying an additional 2,357 shares in the last quarter. State Street Corp raised its position in shares of J&J Snack Foods by 2.9% during the third quarter. State Street Corp now owns 602,295 shares of the company’s stock worth $104,140,000 after purchasing an additional 17,062 shares during the period. Champlain Investment Partners LLC raised its position in shares of J&J Snack Foods by 2.2% during the third quarter. Champlain Investment Partners LLC now owns 377,750 shares of the company’s stock worth $65,018,000 after purchasing an additional 8,187 shares during the period. DAVENPORT & Co LLC raised its position in shares of 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 purchasing an additional 13,653 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of J&J Snack Foods by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 185,669 shares of the company’s stock worth $28,803,000 after purchasing an additional 1,564 shares during the period. Institutional investors own 76.04% of the company’s stock.

Analysts Set New Price Targets

JJSF has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their price objective on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Benchmark reiterated 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.

J&J Snack Foods Stock Performance

Shares of NASDAQ:JJSF opened at $128.01 on Friday. The company has a market cap of $2.49 billion, a P/E ratio of 29.50 and a beta of 0.66. The stock’s 50-day moving average is $133.74 and its 200-day moving average is $154.90. J&J Snack Foods Corp. has a 52-week low of $116.60 and a 52-week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last released its 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 net margin of 5.31% and a return on equity of 9.84%. As a group, equities analysts predict that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Announces Dividend

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 dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio is 71.89%.

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.