J&J Snack Foods Corp. (NASDAQ:JJSF) Holdings Cut by First Trust Advisors LP

First Trust Advisors LP decreased its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280,610 shares of the company's stock after selling 18,318 shares during the quarter. First Trust Advisors LP owned approximately 1.44% of J&J Snack Foods worth $43,531,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in J&J Snack Foods by 20.4% during the 4th quarter. NewEdge Advisors LLC now owns 2,256 shares of the company's stock worth $350,000 after acquiring an additional 383 shares in the last quarter. Mariner LLC boosted its holdings in shares of J&J Snack Foods by 17.4% in the fourth quarter. Mariner LLC now owns 2,708 shares of the company's stock valued at $420,000 after acquiring an additional 401 shares during the period. Summit Investment Advisors Inc. boosted its position in J&J Snack Foods by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,596 shares of the company's stock worth $248,000 after acquiring an additional 101 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in J&J Snack Foods in the 4th quarter worth about $674,000. Finally, Invesco Ltd. increased its holdings in shares of J&J Snack Foods by 0.5% during the 4th quarter. Invesco Ltd. now owns 74,566 shares of the company's stock worth $11,567,000 after buying an additional 396 shares during the last quarter. 76.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JJSF has been the topic of several research analyst reports. Benchmark reaffirmed a "buy" rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research note on Tuesday, February 4th. 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 on the stock in a report on Tuesday, February 18th.

J&J Snack Foods Stock Performance

Shares of NASDAQ JJSF traded up $0.88 during midday trading on Tuesday, reaching $128.06. 11,780 shares of the company's stock were exchanged, compared to its average volume of 103,354. The stock has a market capitalization of $2.50 billion, a PE ratio of 29.57 and a beta of 0.48. J&J Snack Foods Corp. has a 52-week low of $116.60 and a 52-week high of $180.80. The business's fifty day moving average price is $132.40 and its two-hundred day moving average price is $147.60.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were given a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.44%. J&J Snack Foods's payout ratio is 71.89%.

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.