Whittier Trust Co. Reduces Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Whittier Trust Co. reduced its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 13.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 530 shares of the company’s stock after selling 83 shares during the quarter. Whittier Trust Co.’s holdings in J&J Snack Foods were worth $82,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Jane Street Group LLC raised its position in shares of J&J Snack Foods by 40.1% in the third quarter. Jane Street Group LLC now owns 31,936 shares of the company’s stock worth $5,497,000 after buying an additional 9,134 shares in the last quarter. State Street Corp increased its stake in J&J Snack Foods by 2.9% in the 3rd quarter. State Street Corp now owns 602,295 shares of the company’s stock worth $104,140,000 after acquiring an additional 17,062 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of J&J Snack Foods by 27.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company’s stock valued at $7,672,000 after acquiring an additional 9,703 shares in the last quarter. Barclays PLC boosted 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 valued at $5,175,000 after acquiring an additional 24,435 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of J&J Snack Foods by 109.9% during the third quarter. FMR LLC now owns 1,954 shares of the company’s stock worth $336,000 after purchasing an additional 1,023 shares in the last quarter. 76.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on JJSF shares. Jefferies Financial Group dropped their target price 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. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday, February 4th.

J&J Snack Foods Trading Up 0.5 %

Shares of NASDAQ JJSF opened at $127.39 on Tuesday. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 29.35 and a beta of 0.66. The stock’s 50-day moving average is $133.08 and its 200 day moving average is $154.18. 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 posted 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, analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 71.89%.

J&J Snack Foods 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.