BNP Paribas Financial Markets Lowers Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

BNP Paribas Financial Markets lowered its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 56.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,936 shares of the company's stock after selling 6,343 shares during the quarter. BNP Paribas Financial Markets' holdings in J&J Snack Foods were worth $766,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JJSF. Norges Bank bought a new stake in shares of J&J Snack Foods in the 4th quarter valued at approximately $28,647,000. Susquehanna International Group LLP increased its holdings in J&J Snack Foods by 45,128.9% during the 4th quarter. Susquehanna International Group LLP now owns 34,222 shares of the company's stock worth $5,309,000 after purchasing an additional 34,298 shares during the period. JPMorgan Chase & Co. increased its holdings in J&J Snack Foods by 60.6% during the 4th quarter. JPMorgan Chase & Co. now owns 71,571 shares of the company's stock worth $11,103,000 after purchasing an additional 26,999 shares during the period. Barclays PLC increased 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 purchasing an additional 24,435 shares during the period. Finally, Northern Trust Corp increased its holdings in J&J Snack Foods by 10.8% during the 4th quarter. Northern Trust Corp now owns 209,898 shares of the company's stock worth $32,561,000 after purchasing an additional 20,449 shares during the period. 76.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on JJSF shares. Jefferies Financial Group dropped their target price 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 cut their price target 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.

J&J Snack Foods Stock Performance

Shares of J&J Snack Foods stock traded up $0.34 during trading hours on Wednesday, reaching $113.85. 17,575 shares of the company were exchanged, compared to its average volume of 150,349. J&J Snack Foods Corp. has a 1 year low of $111.11 and a 1 year high of $180.80. The stock's fifty day moving average is $126.29 and its 200 day moving average is $140.35. The firm has a market cap of $2.21 billion, a PE ratio of 26.23 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 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.34). The business had revenue of $356.10 million for the quarter, compared to analyst estimates of $369.01 million. J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. J&J Snack Foods's quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS. Research analysts expect that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $3.12 annualized dividend and a yield of 2.74%. J&J Snack Foods's payout ratio is currently 80.00%.

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.