Jane Street Group LLC Sells 27,386 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Jane Street Group LLC cut its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 85.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,550 shares of the company's stock after selling 27,386 shares during the quarter. Jane Street Group LLC's holdings in J&J Snack Foods were worth $706,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new position in shares of J&J Snack Foods during the 4th quarter valued at $530,000. Barclays PLC boosted its holdings in shares of J&J Snack Foods by 434.0% during the third 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. Vanguard Group Inc. grew its stake in shares of J&J Snack Foods by 1.2% in the 4th 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 in the last quarter. Raymond James Financial Inc. bought a new position in shares of J&J Snack Foods in the fourth quarter valued at approximately $674,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of J&J Snack Foods by 163.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock worth $50,000 after purchasing an additional 198 shares in the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JJSF has been the topic of several analyst reports. Benchmark lowered their target price 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 cut 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 note on Tuesday, February 18th.

J&J Snack Foods Trading Up 0.6%

Shares of JJSF stock traded up $0.72 on Friday, hitting $115.73. 9,372 shares of the stock were exchanged, compared to its average volume of 150,821. J&J Snack Foods Corp. has a fifty-two week low of $111.11 and a fifty-two week high of $180.80. The business has a 50-day moving average of $125.77 and a 200 day moving average of $139.98. The firm has a market capitalization of $2.25 billion, a P/E ratio of 26.67 and a beta of 0.49.

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). The company had revenue of $356.10 million for the quarter, compared to analyst estimates of $369.01 million. J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. The business's revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the company posted $0.84 earnings per share. As a group, research analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $3.12 annualized dividend and a dividend yield of 2.70%. J&J Snack Foods's dividend 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.