BNP Paribas Financial Markets trimmed its position in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 56.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 institutional investors have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its stake in shares of J&J Snack Foods by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,596 shares of the company's stock valued at $248,000 after purchasing an additional 101 shares during the last quarter. Huntington National Bank boosted its stake in J&J Snack Foods by 25.4% in the fourth quarter. Huntington National Bank now owns 513 shares of the company's stock valued at $80,000 after buying an additional 104 shares in the last quarter. Blue Trust Inc. grew its position in J&J Snack Foods by 27.4% in the fourth quarter. Blue Trust Inc. now owns 498 shares of the company's stock valued at $86,000 after acquiring an additional 107 shares during the last quarter. Alliancebernstein L.P. raised its stake in J&J Snack Foods by 0.7% during the fourth quarter. Alliancebernstein L.P. now owns 16,946 shares of the company's stock worth $2,629,000 after acquiring an additional 125 shares in the last quarter. Finally, Bridge City Capital LLC lifted its holdings in shares of J&J Snack Foods by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 16,571 shares of the company's stock worth $2,571,000 after acquiring an additional 147 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.
J&J Snack Foods Trading Down 0.9%
J&J Snack Foods stock opened at $112.60 on Friday. The stock has a 50-day moving average price of $127.31 and a two-hundred day moving average price of $142.06. J&J Snack Foods Corp. has a 12 month low of $112.40 and a 12 month high of $180.80. The company has a market capitalization 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 released its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 earnings per share (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 firm had revenue of $356.10 million during the quarter, compared to analyst estimates of $369.01 million. During the same period in the prior year, the company earned $0.84 EPS. The business's quarterly revenue was down 1.0% compared to the same quarter last year. As a group, analysts predict that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.
J&J Snack Foods Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Tuesday, June 17th. J&J Snack Foods's payout ratio is currently 80.00%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on JJSF. Benchmark decreased their price target on shares of J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Jefferies Financial Group decreased their target price on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research note on Tuesday, February 18th.
Check Out Our Latest Analysis on J&J Snack Foods
About J&J Snack Foods
(
Free Report)
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.
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