Aristotle Capital Boston LLC Sells 17,405 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Aristotle Capital Boston LLC reduced its position in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 161,012 shares of the company's stock after selling 17,405 shares during the quarter. Aristotle Capital Boston LLC owned about 0.83% of J&J Snack Foods worth $24,978,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in J&J Snack Foods in the fourth quarter valued at approximately $530,000. JPMorgan Chase & Co. boosted its position in 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 buying an additional 9,703 shares during the period. Barclays PLC grew its holdings in 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 acquiring an additional 24,435 shares during the last quarter. Vanguard Group Inc. increased its position in J&J Snack Foods by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock valued at $256,457,000 after acquiring an additional 20,238 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of J&J Snack Foods during the fourth quarter valued at $674,000. Institutional investors and hedge funds own 76.04% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on JJSF shares. Benchmark decreased their price objective on J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday. Jefferies Financial Group lowered 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 note on Tuesday, February 18th.

J&J Snack Foods Price Performance

Shares of JJSF traded up $1.88 during trading hours on Thursday, hitting $115.61. The stock had a trading volume of 68,002 shares, compared to its average volume of 106,018. The firm has a 50 day simple moving average of $131.63 and a 200-day simple moving average of $145.67. J&J Snack Foods Corp. has a 1-year low of $112.40 and a 1-year high of $180.80. The firm has a market capitalization of $2.25 billion, a P/E ratio of 26.64 and a beta of 0.49.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.34). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. The business had revenue of $356.10 million for the quarter, compared to analyst estimates of $369.01 million. During the same quarter in the prior year, the business earned $0.84 earnings per share. The firm's quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts predict that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th were given a dividend of $0.78 per share. The ex-dividend date was Tuesday, March 18th. This represents a $3.12 annualized dividend and a yield of 2.70%. J&J Snack Foods's payout ratio is currently 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.