Millennium Management LLC Has $5.07 Million Stake in J&J Snack Foods Corp. (NASDAQ:JJSF)

Millennium Management LLC lowered its position in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 32.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,692 shares of the company's stock after selling 15,962 shares during the quarter. Millennium Management LLC owned about 0.17% of J&J Snack Foods worth $5,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in JJSF. Vanguard Group Inc. boosted its holdings in shares of J&J Snack Foods by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock valued at $256,457,000 after acquiring an additional 20,238 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of J&J Snack Foods by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company's stock valued at $100,060,000 after acquiring an additional 2,357 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of J&J Snack Foods by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 468,298 shares of the company's stock valued at $72,648,000 after acquiring an additional 6,544 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of J&J Snack Foods by 0.6% in the fourth quarter. Bank of America Corp DE now owns 271,404 shares of the company's stock valued at $42,103,000 after acquiring an additional 1,530 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted 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 valued at $38,596,000 after acquiring an additional 13,653 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company's stock.

J&J Snack Foods Stock Down 0.5%

NASDAQ:JJSF traded down $0.62 during trading hours on Monday, reaching $114.55. 113,280 shares of the company's stock were exchanged, compared to its average volume of 110,284. The company has a market capitalization of $2.23 billion, a P/E ratio of 26.39 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 business's 50-day simple moving average is $125.28 and its two-hundred day simple moving average is $138.72.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted 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). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The firm had revenue of $356.10 million during the quarter, compared to analyst estimates of $369.01 million. During the same period in the prior year, the business posted $0.84 EPS. The company's revenue for the quarter was down 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors 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 2.72%. The ex-dividend date of this dividend is Tuesday, June 17th. J&J Snack Foods's dividend payout ratio is 80.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JJSF. Benchmark reduced their target price on shares of J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Jefferies Financial Group reduced their target price on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating for the company in a report on Tuesday, February 18th.

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.