Jane Street Group LLC Reduces Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Jane Street Group LLC reduced its position in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 85.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,550 shares of the company's stock after selling 27,386 shares during the period. Jane Street Group LLC's holdings in J&J Snack Foods were worth $706,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JJSF. Vanguard Group Inc. increased its position in shares of J&J Snack Foods by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock valued at $256,457,000 after buying an additional 20,238 shares during the period. Thrivent Financial for Lutherans boosted its stake in J&J Snack Foods by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company's stock worth $100,060,000 after buying an additional 2,357 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in J&J Snack Foods by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 468,298 shares of the company's stock worth $72,648,000 after buying an additional 6,544 shares in the last quarter. DAVENPORT & Co LLC lifted its position in J&J Snack Foods by 5.8% in the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company's stock valued at $38,596,000 after purchasing an additional 13,653 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its position in J&J Snack Foods by 4.0% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 234,716 shares of the company's stock valued at $36,411,000 after purchasing an additional 9,103 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors.

J&J Snack Foods Stock Down 0.7%

Shares of NASDAQ:JJSF traded down $0.81 on Wednesday, hitting $112.70. 130,272 shares of the company traded hands, compared to its average volume of 109,961. 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 50 day simple moving average of $126.29 and a 200-day simple moving average of $140.35. The company has a market cap of $2.19 billion, a PE ratio of 25.97 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 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 business had revenue of $356.10 million for the quarter, compared to analysts' expectations of $369.01 million. During the same period last year, the business earned $0.84 earnings per share. The company's quarterly revenue was down 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $3.12 annualized dividend and a dividend yield of 2.77%. J&J Snack Foods's dividend payout ratio (DPR) is presently 80.00%.

Analyst Upgrades and Downgrades

JJSF has been the subject of several recent research reports. Jefferies Financial Group lowered their price objective on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating for the company in a research report on Tuesday, February 18th. Benchmark decreased their price objective on J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a report 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.