Jefferies Financial Group Inc. Has $856,000 Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Jefferies Financial Group Inc. cut its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 46.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,520 shares of the company's stock after selling 4,696 shares during the period. Jefferies Financial Group Inc.'s holdings in J&J Snack Foods were worth $856,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in J&J Snack Foods in the 4th quarter worth about $530,000. Barclays PLC boosted its position in shares of J&J Snack Foods by 434.0% during the third quarter. Barclays PLC now owns 30,065 shares of the company's stock worth $5,175,000 after buying an additional 24,435 shares during the period. Vanguard Group Inc. grew its holdings in J&J Snack Foods by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock worth $256,457,000 after buying an additional 20,238 shares in the last quarter. Raymond James Financial Inc. bought a new position in J&J Snack Foods in the 4th quarter worth approximately $674,000. Finally, Smartleaf Asset Management LLC increased its position in J&J Snack Foods by 163.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock valued at $50,000 after acquiring an additional 198 shares during the period. 76.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

JJSF has been the subject of a number of analyst reports. Benchmark reduced their price target 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. Jefferies Financial Group decreased 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 research report on Tuesday, February 18th.

J&J Snack Foods Stock Down 0.7%

JJSF traded down $0.77 during trading on Monday, reaching $115.73. The stock had a trading volume of 105,339 shares, compared to its average volume of 108,032. The stock has a 50 day moving average of $128.87 and a two-hundred day moving average of $143.14. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 26.67 and a beta of 0.49. J&J Snack Foods Corp. has a 1-year low of $112.40 and a 1-year high of $180.80.

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 the consensus estimate of $369.01 million. During the same period in the prior year, the firm posted $0.84 EPS. The firm's quarterly revenue was down 1.0% on a year-over-year basis. On average, research analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders 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 annualized dividend and a yield of 2.70%. J&J Snack Foods's dividend payout ratio (DPR) 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.