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

Sovereign s Capital Management LLC bought a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,853 shares of the company's stock, valued at approximately $443,000.

A number of other institutional investors have also recently bought and sold shares of JJSF. Barclays PLC boosted its holdings in J&J Snack Foods by 434.0% in the 3rd quarter. Barclays PLC now owns 30,065 shares of the company's stock valued at $5,175,000 after purchasing an additional 24,435 shares during the period. D.B. Root & Company LLC boosted its holdings in J&J Snack Foods by 6.8% in the 4th quarter. D.B. Root & Company LLC now owns 8,304 shares of the company's stock valued at $1,288,000 after purchasing an additional 528 shares during the period. Inspire Investing LLC boosted its holdings in J&J Snack Foods by 8.3% in the 4th quarter. Inspire Investing LLC now owns 2,579 shares of the company's stock valued at $400,000 after purchasing an additional 198 shares during the period. Exchange Traded Concepts LLC boosted its holdings in J&J Snack Foods by 4.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,658 shares of the company's stock valued at $1,653,000 after purchasing an additional 430 shares during the period. Finally, Blue Trust Inc. increased its position in shares of J&J Snack Foods by 27.4% in the fourth quarter. Blue Trust Inc. now owns 498 shares of the company's stock worth $86,000 after purchasing an additional 107 shares during the period. Institutional investors own 76.04% of the company's stock.

J&J Snack Foods Trading Down 1.0%

NASDAQ JJSF traded down $1.14 on Friday, hitting $111.46. 104,165 shares of the company's stock were exchanged, compared to its average volume of 109,219. The stock has a 50-day moving average of $126.93 and a 200-day moving average of $141.68. J&J Snack Foods Corp. has a 52 week low of $111.11 and a 52 week high of $180.80. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 25.68 and a beta of 0.49.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.34). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The business had revenue of $356.10 million for 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 firm's revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts predict that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Tuesday, June 17th. J&J Snack Foods's dividend payout ratio (DPR) is presently 80.00%.

Analysts Set New Price Targets

A number of research analysts recently commented on JJSF shares. Jefferies Financial Group decreased their price target on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. Benchmark decreased their price target on J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th.

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.