Jefferies Financial Group Inc. Lowers Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Jefferies Financial Group Inc. lowered its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 46.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,520 shares of the company's stock after selling 4,696 shares during the period. Jefferies Financial Group Inc.'s holdings in J&J Snack Foods were worth $856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Barclays PLC increased its stake in shares of J&J Snack Foods by 434.0% during the 3rd quarter. Barclays PLC now owns 30,065 shares of the company's stock worth $5,175,000 after purchasing an additional 24,435 shares in the last quarter. Blue Trust Inc. grew its holdings in J&J Snack Foods by 27.4% during the 4th quarter. Blue Trust Inc. now owns 498 shares of the company's stock valued at $86,000 after buying an additional 107 shares during the last quarter. KBC Group NV increased its position in J&J Snack Foods by 48.2% during the fourth quarter. KBC Group NV now owns 627 shares of the company's stock worth $97,000 after buying an additional 204 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of J&J Snack Foods by 5.8% in the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company's stock worth $38,596,000 after acquiring an additional 13,653 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of J&J Snack Foods in the fourth quarter worth $74,000. Hedge funds and other institutional investors own 76.04% of the company's stock.

J&J Snack Foods Stock Performance

NASDAQ JJSF traded up $0.60 during mid-day trading on Tuesday, reaching $115.15. 99,683 shares of the stock were exchanged, compared to its average volume of 110,436. The stock has a market capitalization of $2.24 billion, a PE ratio of 26.53 and a beta of 0.49. J&J Snack Foods Corp. has a 1-year low of $111.11 and a 1-year high of $180.80. The business's fifty day simple moving average is $124.97 and its 200 day simple moving average is $138.40.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued 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 business had revenue of $356.10 million for the quarter, compared to analysts' expectations of $369.01 million. J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. On average, analysts anticipate that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Dividend Announcement

The firm also recently announced 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 is Tuesday, June 17th. This represents a $3.12 annualized dividend and a yield of 2.71%. J&J Snack Foods's dividend payout ratio (DPR) is presently 80.00%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Jefferies Financial Group decreased their price objective 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. Benchmark reduced 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.

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.