EULAV Asset Management Cuts Holdings in J & J Snack Foods Corp. (NASDAQ:JJSF)

EULAV Asset Management lessened its stake in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 11.0% during the 1st quarter, according to its most recent 13F filing with the Securities & 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 SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in JJSF. Smartleaf Asset Management LLC increased its position in J & J Snack Foods by 163.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock valued at $50,000 after acquiring an additional 198 shares during the period. Johnson Financial Group Inc. acquired a new position in J & J Snack Foods during the 4th quarter worth approximately $55,000. Huntington National Bank increased its position in J & J Snack Foods by 25.4% during the 4th quarter. Huntington National Bank now owns 513 shares of the company's stock worth $80,000 after purchasing an additional 104 shares during the period. Virtu Financial LLC acquired a new position in J & J Snack Foods during the 4th quarter worth approximately $206,000. Finally, Cibc World Markets Corp acquired a new position in J & J Snack Foods during the 4th quarter worth approximately $221,000. Institutional investors and hedge funds own 76.04% of the company's stock.

J & J Snack Foods Stock Up 0.5%

Shares of JJSF traded up $0.55 on Thursday, reaching $117.38. The stock had a trading volume of 194,042 shares, compared to its average volume of 118,497. The firm has a market capitalization of $2.28 billion, a PE ratio of 30.10 and a beta of 0.44. The firm has a 50-day moving average of $115.95 and a 200 day moving average of $129.06. J & J Snack Foods Corp. has a twelve month low of $109.71 and a twelve month high of $180.80.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.34). The firm had revenue of $356.10 million during the quarter, compared to analyst estimates of $369.01 million. J & J Snack Foods had a return on equity of 8.78% and a net margin of 4.79%. The business's revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. On average, sell-side analysts anticipate 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 business also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Tuesday, June 17th. J & J Snack Foods's payout ratio is currently 80.00%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on JJSF shares. Wall Street Zen cut J & J Snack Foods from a "hold" rating to a "sell" rating in a research report on Sunday, June 29th. Benchmark dropped their target price 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.

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.