J & J Snack Foods Corp. (NASDAQ:JJSF) Holdings Cut by EULAV Asset Management

EULAV Asset Management trimmed its holdings in shares of J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 11.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,800 shares of the company's stock after selling 11,300 shares during the period. EULAV Asset Management owned 0.47% of J & J Snack Foods worth $12,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in JJSF. Smartleaf Asset Management LLC grew its stake in shares of J & J Snack Foods by 163.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock valued at $50,000 after acquiring an additional 198 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of J & J Snack Foods by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 185,669 shares of the company's stock valued at $28,803,000 after acquiring an additional 1,564 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of J & J Snack Foods during the fourth quarter valued at about $674,000. Swiss National Bank grew its stake in shares of J & J Snack Foods by 1.0% during the fourth quarter. Swiss National Bank now owns 30,600 shares of the company's stock valued at $4,747,000 after acquiring an additional 300 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of J & J Snack Foods during the fourth quarter valued at about $221,000. 76.04% of the stock is owned by hedge funds and other institutional investors.

J & J Snack Foods Stock Performance

Shares of JJSF stock traded down $1.87 during trading hours on Monday, hitting $116.37. 134,516 shares of the company were exchanged, compared to its average volume of 118,118. J & J Snack Foods Corp. has a one year low of $109.71 and a one year high of $180.80. The business's 50-day simple moving average is $116.69 and its two-hundred day simple moving average is $129.53. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 29.84 and a beta of 0.44.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly 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 return on equity of 8.78% and a net margin of 4.79%. The company had revenue of $356.10 million for the quarter, compared to the consensus estimate of $369.01 million. During the same period in the previous year, the business posted $0.84 EPS. The business's revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts anticipate 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 will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.78 per share. The ex-dividend date is Tuesday, June 17th. This represents a $3.12 annualized dividend and a dividend yield of 2.68%. J & J Snack Foods's payout ratio is 80.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JJSF. Wall Street Zen downgraded J & J Snack Foods from a "hold" rating to a "sell" rating in a research note on Sunday, June 29th. 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.

J & J Snack Foods 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.