J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC lowered its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 520,466 shares of the company’s stock after selling 6,194 shares during the quarter. J&J Snack Foods comprises 1.4% of Geneva Capital Management LLC’s portfolio, making the stock its 23rd largest position. Geneva Capital Management LLC owned approximately 2.67% of J&J Snack Foods worth $80,740,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JJSF. Jane Street Group LLC raised its position in shares of J&J Snack Foods by 40.1% during the 3rd quarter. Jane Street Group LLC now owns 31,936 shares of the company’s stock worth $5,497,000 after purchasing an additional 9,134 shares during the period. Thrivent Financial for Lutherans raised its position in shares of J&J Snack Foods by 19.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock worth $110,612,000 after purchasing an additional 106,817 shares during the period. State Street Corp raised its position in shares of 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 purchasing an additional 17,062 shares during the period. JPMorgan Chase & Co. raised its position in shares of J&J Snack Foods by 27.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company’s stock worth $7,672,000 after purchasing an additional 9,703 shares during the period. Finally, Barclays PLC raised its position in shares of J&J Snack Foods by 434.0% during the 3rd quarter. Barclays PLC now owns 30,065 shares of the company’s stock worth $5,175,000 after purchasing an additional 24,435 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.

J&J Snack Foods Price Performance

Shares of JJSF stock opened at $134.58 on Thursday. J&J Snack Foods Corp. has a 12-month low of $116.60 and a 12-month high of $180.80. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 31.01 and a beta of 0.66. The business has a 50 day simple moving average of $138.06 and a 200 day simple moving average of $157.80.

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 net margin of 5.31% and a return on equity of 9.84%. On average, equities analysts anticipate that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal 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 given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 71.89%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a research report on Tuesday, February 4th. Jefferies Financial Group decreased their price objective on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a report 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.