J & J Snack Foods (NASDAQ:JJSF) Hits New 52-Week Low - Here's Why

J & J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $109.71 and last traded at $110.98, with a volume of 163220 shares trading hands. The stock had previously closed at $111.87.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of J & J Snack Foods from a "sell" rating to a "hold" rating in a research note on Saturday. Benchmark decreased their target price on J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th.

J & J Snack Foods Trading Up 0.3%

The stock's fifty day moving average price is $120.35 and its 200 day moving average price is $133.60. The stock has a market cap of $2.18 billion, a P/E ratio of 28.75 and a beta of 0.44.

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 the consensus estimate of $0.69 by ($0.34). J & J Snack Foods had a return on equity of 8.78% and a net margin of 4.79%. The business had revenue of $356.10 million for the quarter, compared to the consensus estimate of $369.01 million. During the same period in the previous year, the firm earned $0.84 EPS. The company's revenue was down 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that J & J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J & J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th will be given a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.78%. J & J Snack Foods's dividend payout ratio is currently 80.00%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC raised its position in shares of J & J Snack Foods by 14.0% in the 1st quarter. Voya Investment Management LLC now owns 7,621 shares of the company's stock worth $1,004,000 after purchasing an additional 936 shares during the last quarter. Rhumbline Advisers increased its stake in J & J Snack Foods by 1.8% during the 1st quarter. Rhumbline Advisers now owns 43,350 shares of the company's stock valued at $5,710,000 after purchasing an additional 765 shares in the last quarter. Intech Investment Management LLC raised its holdings in J & J Snack Foods by 50.9% in the first quarter. Intech Investment Management LLC now owns 11,386 shares of the company's stock worth $1,500,000 after buying an additional 3,842 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of J & J Snack Foods by 465.8% in the first quarter. Jane Street Group LLC now owns 25,746 shares of the company's stock worth $3,391,000 after buying an additional 21,196 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of J & J Snack Foods during the first quarter valued at approximately $764,000. Hedge funds and other institutional investors own 76.04% of the company's stock.

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.