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

RK Asset Management LLC trimmed its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 11.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,909 shares of the company's stock after selling 3,728 shares during the quarter. J&J Snack Foods makes up about 3.6% of RK Asset Management LLC's holdings, making the stock its 16th biggest position. RK Asset Management LLC owned 0.15% of J&J Snack Foods worth $3,940,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in J&J Snack Foods by 163.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock valued at $50,000 after buying an additional 198 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in J&J Snack Foods in the fourth quarter valued at approximately $55,000. Newbridge Financial Services Group Inc. acquired a new stake in J&J Snack Foods in the 4th quarter valued at $74,000. Huntington National Bank raised 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 valued at $80,000 after buying an additional 104 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of J&J Snack Foods by 27.4% during the fourth quarter. Blue Trust Inc. now owns 498 shares of the company's stock worth $86,000 after purchasing an additional 107 shares in the last quarter. 76.04% of the stock is owned by hedge funds and other institutional investors.

J&J Snack Foods Stock Performance

JJSF traded up $0.46 during trading on Friday, reaching $115.47. The company had a trading volume of 101,443 shares, compared to its average volume of 110,172. The company 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 12-month low of $111.11 and a 12-month high of $180.80. The firm's 50-day simple moving average is $125.54 and its 200 day simple moving average is $139.56.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.34). The firm 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%. J&J Snack Foods's revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 earnings per share. On average, sell-side analysts expect 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 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 2.70%. J&J Snack Foods's dividend payout ratio is presently 80.00%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Benchmark cut their price target 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 lowered their price target on shares of 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.

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.