J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. decreased its position 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 filing with the SEC. The institutional investor owned 5,520 shares of the company's stock after selling 4,696 shares during the quarter. Jefferies Financial Group Inc.'s holdings in J&J Snack Foods were worth $856,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of JJSF. KLP Kapitalforvaltning AS bought a new stake in shares of J&J Snack Foods in the 4th quarter worth about $530,000. Barclays PLC increased its holdings in shares of J&J Snack Foods by 434.0% in the 3rd quarter. Barclays PLC now owns 30,065 shares of the company's stock worth $5,175,000 after buying an additional 24,435 shares during the last quarter. Vanguard Group Inc. increased its position in shares of J&J Snack Foods by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock valued at $256,457,000 after purchasing an additional 20,238 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in J&J Snack Foods during the 4th quarter valued at $674,000. Finally, Smartleaf Asset Management LLC lifted its position in J&J Snack Foods by 163.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock worth $50,000 after buying an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on JJSF shares. Jefferies Financial Group cut their price objective on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. Benchmark dropped their price target on shares of 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 Stock Performance

JJSF traded up $0.46 during trading on Friday, hitting $115.47. 101,443 shares of the stock were exchanged, compared to its average volume of 110,273. The firm has a 50 day simple moving average of $125.54 and a 200 day simple moving average of $139.32. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 26.61 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.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.34). The business had revenue of $356.10 million during the quarter, compared to the consensus estimate of $369.01 million. J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The business's quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.84 EPS. As a group, equities analysts anticipate that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, June 17th. J&J Snack Foods's dividend payout ratio (DPR) is presently 80.00%.

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.