J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,011 shares of the company’s stock after selling 1,232 shares during the quarter. Great Lakes Advisors LLC owned 0.18% of J&J Snack Foods worth $5,431,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its holdings in shares of J&J Snack Foods by 163.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock valued at $50,000 after buying an additional 198 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of J&J Snack Foods during the fourth quarter worth $74,000. Blue Trust Inc. lifted its holdings in shares of J&J Snack Foods by 27.4% during the fourth quarter. Blue Trust Inc. now owns 498 shares of the company’s stock valued at $86,000 after purchasing an additional 107 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of J&J Snack Foods by 32.8% in the 4th quarter. GAMMA Investing LLC now owns 603 shares of the company’s stock valued at $94,000 after purchasing an additional 149 shares during the period. Finally, KBC Group NV increased its stake in J&J Snack Foods by 48.2% in the 4th quarter. KBC Group NV now owns 627 shares of the company’s stock worth $97,000 after purchasing an additional 204 shares in the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

J&J Snack Foods Trading Up 0.1 %

NASDAQ:JJSF opened at $134.54 on Friday. The business’s fifty day moving average price is $135.76 and its 200 day moving average price is $156.35. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 31.00 and a beta of 0.66. J&J Snack Foods Corp. has a 1-year low of $116.60 and a 1-year high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities analysts forecast that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The business also recently announced 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 dividend yield of 2.32%. The ex-dividend date is Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio (DPR) is currently 71.89%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of J&J Snack Foods in a research note 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 for the company in a research 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.