Westwood Holdings Group Inc. Has $80.41 Million Holdings in J & J Snack Foods Corp. (NASDAQ:JJSF)

Key Points

• Westwood Holdings Group Inc. increased its ownership in J & J Snack Foods Corp. by 21.1%, now holding 610,477 shares valued at approximately $80.41 million.
• The stock has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, while Benchmark has lowered its target price to $150 with a "buy" rating.
• J & J Snack Foods reported a net margin of 4.79% and a decline in quarterly revenue by 1%, indicating challenges in their recent performance.

Westwood Holdings Group Inc. lifted its position in J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 21.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 610,477 shares of the company's stock after acquiring an additional 106,459 shares during the quarter. Westwood Holdings Group Inc. owned 3.13% of J & J Snack Foods worth $80,412,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Johnson Financial Group Inc. bought a new stake in J & J Snack Foods during the 4th quarter valued at $55,000. Huntington National Bank raised its stake in shares of J & J Snack Foods by 25.4% in the 4th quarter. Huntington National Bank now owns 513 shares of the company's stock worth $80,000 after buying an additional 104 shares in the last quarter. CWM LLC raised its stake in shares of J & J Snack Foods by 301.3% in the 1st quarter. CWM LLC now owns 634 shares of the company's stock worth $84,000 after buying an additional 476 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of J & J Snack Foods by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,596 shares of the company's stock worth $248,000 after buying an additional 101 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of J & J Snack Foods by 1,200.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,807 shares of the company's stock worth $280,000 after buying an additional 1,668 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company's stock.

Wall Street Analysts Forecast Growth

JJSF has been the topic of several recent research reports. Wall Street Zen lowered shares of J & J Snack Foods from a "hold" rating to a "sell" rating in a research report on Sunday, June 29th. Benchmark cut their target price on J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th.

J & J Snack Foods Stock Performance

Shares of JJSF stock traded down $6.03 on Wednesday, reaching $111.34. 325,657 shares of the company's stock traded hands, compared to its average volume of 154,157. J & J Snack Foods Corp. has a 12-month low of $109.71 and a 12-month high of $180.80. The company has a market capitalization of $2.17 billion, a P/E ratio of 25.95 and a beta of 0.45. The business's 50 day moving average price is $115.51 and its two-hundred day moving average price is $124.32.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.26. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%. The firm had revenue of $454.30 million for the quarter, compared to the consensus estimate of $445.98 million. During the same quarter in the previous year, the company posted $1.98 earnings per share. The business's quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts predict that J & J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J & J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were paid a $0.78 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $3.12 dividend on an annualized basis and a yield of 2.8%. J & J Snack Foods's payout ratio is 80.00%.

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.