Shares of J & J Snack Foods Corp. (NASDAQ:JJSF) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokers have set a 12 month consensus price objective of $125.00 for the company and are predicting that the company will post $1.25 earnings per share for the current quarter, according to Zacks. Zacks has also assigned J & J Snack Foods Corp. an industry rank of 89 out of 265 based on the ratings given to related companies.

A number of analysts recently weighed in on JJSF shares. BidaskClub upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC set a $125.00 target price on shares of J & J Snack Foods Corp. and gave the stock a “hold” rating in a research note on Sunday. Finally, Zacks Investment Research upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Benedict Financial Advisors Inc. boosted its holdings in J & J Snack Foods Corp. by 0.5% in the second quarter. Benedict Financial Advisors Inc. now owns 2,253 shares of the company’s stock valued at $308,000 after purchasing an additional 11 shares in the last quarter. Pinebridge Investments L.P. boosted its holdings in J & J Snack Foods Corp. by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 1,973 shares of the company’s stock valued at $260,000 after purchasing an additional 21 shares in the last quarter. 1st Global Advisors Inc. boosted its holdings in J & J Snack Foods Corp. by 1.3% in the second 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 in the last quarter. WCM Investment Management CA boosted its holdings in J & J Snack Foods Corp. by 2.3% in the second quarter. WCM Investment Management CA now owns 2,465 shares of the company’s stock valued at $326,000 after purchasing an additional 55 shares in the last quarter. Finally, Texas Permanent School Fund boosted its holdings in J & J Snack Foods Corp. by 0.9% in the second quarter. Texas Permanent School Fund now owns 10,933 shares of the company’s stock valued at $1,444,000 after purchasing an additional 96 shares in the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

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The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Thursday, September 14th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, September 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.26%. J & J Snack Foods Corp.’s payout ratio is 41.90%.

J & J Snack Foods Corp. declared that its Board of Directors has initiated a share buyback plan on Friday, August 4th that allows the company to repurchase 500,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

About J & J Snack Foods Corp.

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.

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