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

J&J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as $111.11 and last traded at $111.74, with a volume of 19076 shares traded. The stock had previously closed at $112.60.

Wall Street Analyst Weigh In

Several research firms have issued reports on JJSF. Benchmark lowered their price target 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 decreased their price target on 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.

J&J Snack Foods Trading Down 0.5%

The business has a fifty day moving average of $127.31 and a 200-day moving average of $142.06. The firm has a market cap of $2.18 billion, a PE ratio of 25.81 and a beta of 0.49.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.34). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. The company had revenue of $356.10 million for the quarter, compared to the consensus estimate of $369.01 million. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Announces Dividend

The business also recently disclosed 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 2.79%. J&J Snack Foods's payout ratio is currently 80.00%.

Institutional Investors Weigh In On J&J Snack Foods

A number of large investors have recently made changes to their positions in JJSF. Smartleaf Asset Management LLC boosted its stake in shares of J&J Snack Foods by 163.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock valued at $50,000 after purchasing an additional 198 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of J&J Snack Foods during the 4th quarter valued at about $55,000. Newbridge Financial Services Group Inc. bought a new position in shares of J&J Snack Foods in the 4th quarter worth approximately $74,000. Huntington National Bank raised its position 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 acquiring an additional 104 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of J&J Snack Foods by 31.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company's stock worth $81,000 after acquiring an additional 145 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors.

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.

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