Sovereign s Capital Management LLC Makes New Investment in J&J Snack Foods Corp. (NASDAQ:JJSF)

Sovereign s Capital Management LLC acquired a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,853 shares of the company's stock, valued at approximately $443,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in J&J Snack Foods by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock worth $256,457,000 after purchasing an additional 20,238 shares during the period. Thrivent Financial for Lutherans raised its stake in J&J Snack Foods by 0.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company's stock worth $100,060,000 after acquiring an additional 2,357 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in J&J Snack Foods by 1.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 504,018 shares of the company's stock worth $78,188,000 after acquiring an additional 7,535 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in J&J Snack Foods by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 468,298 shares of the company's stock worth $72,648,000 after acquiring an additional 6,544 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in J&J Snack Foods by 0.6% during the fourth quarter. Bank of America Corp DE now owns 271,404 shares of the company's stock worth $42,103,000 after acquiring an additional 1,530 shares in the last quarter. Institutional investors own 76.04% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on JJSF. Benchmark lowered their target price on J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Jefferies Financial Group lowered their target price on 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 Trading Down 0.9%

JJSF stock traded down $0.98 during trading on Thursday, hitting $112.60. The company had a trading volume of 125,692 shares, compared to its average volume of 109,095. The business has a 50-day moving average of $127.73 and a 200-day moving average of $142.26. J&J Snack Foods Corp. has a one year low of $112.10 and a one year high of $180.80. The stock has a market cap of $2.19 billion, a PE ratio of 25.94 and a beta of 0.49.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing the consensus estimate 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 company had revenue of $356.10 million during the quarter, compared to the consensus estimate of $369.01 million. During the same quarter in the previous year, the company earned $0.84 earnings per share. The business's revenue was down 1.0% on a year-over-year basis. Research analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, June 17th. J&J Snack Foods's payout ratio is presently 80.00%.

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.