RK Asset Management LLC Has $3.94 Million Stock Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

RK Asset Management LLC lessened its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 11.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,909 shares of the company's stock after selling 3,728 shares during the period. J&J Snack Foods comprises approximately 3.6% of RK Asset Management LLC's investment portfolio, making the stock its 16th largest holding. RK Asset Management LLC owned 0.15% of J&J Snack Foods worth $3,940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC increased 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 acquiring an additional 198 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of J&J Snack Foods during the 4th quarter worth approximately $55,000. Newbridge Financial Services Group Inc. acquired a new position in shares of J&J Snack Foods during the 4th quarter worth approximately $74,000. Huntington National Bank increased its holdings in shares of 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 acquiring an additional 104 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of J&J Snack Foods by 27.4% during the 4th quarter. Blue Trust Inc. now owns 498 shares of the company's stock worth $86,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 76.04% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on JJSF. Benchmark decreased their target price on 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 decreased 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 report on Tuesday, February 18th.

J&J Snack Foods Stock Down 1.0%

Shares of J&J Snack Foods stock traded down $1.21 on Monday, hitting $113.97. The stock had a trading volume of 30,285 shares, compared to its average volume of 109,963. J&J Snack Foods Corp. has a twelve month low of $111.11 and a twelve month high of $180.80. The business's 50 day moving average is $125.54 and its two-hundred day moving average is $139.08. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 26.22 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 9.84% and a net margin of 5.31%. The company's quarterly revenue 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. As a group, equities analysts predict 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 will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Tuesday, June 17th. J&J Snack Foods's dividend payout ratio (DPR) is currently 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.