J&J Snack Foods (NASDAQ:JJSF) Sets New 1-Year Low - What's Next?

J&J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report) shares reached 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.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. 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 reduced 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 report on Tuesday, February 18th.

J&J Snack Foods Stock Performance

The firm's 50 day moving average is $126.29 and its 200 day moving average is $140.35. The stock has a market cap of $2.19 billion, a P/E ratio of 25.97 and a beta of 0.49.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share (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 business had revenue of $356.10 million for the quarter, compared to analyst estimates of $369.01 million. During the same period in the previous year, the company posted $0.84 earnings per share. The business's revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts expect that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, June 17th. J&J Snack Foods's dividend payout ratio is currently 80.00%.

Hedge Funds Weigh In On J&J Snack Foods

Several hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in J&J Snack Foods during the 4th quarter valued at approximately $28,647,000. Westwood Holdings Group Inc. increased its stake in J&J Snack Foods by 21.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 610,477 shares of the company's stock valued at $80,412,000 after purchasing an additional 106,459 shares in the last quarter. GAMMA Investing LLC increased its position in shares of J&J Snack Foods by 7,763.8% in the 1st quarter. GAMMA Investing LLC now owns 47,419 shares of the company's stock valued at $6,246,000 after acquiring an additional 46,816 shares during the period. Nuveen LLC acquired a new position in shares of J&J Snack Foods in the 1st quarter valued at $5,384,000. Finally, Millennium Management LLC increased its position in shares of J&J Snack Foods by 122.1% in the 1st quarter. Millennium Management LLC now owns 72,625 shares of the company's stock valued at $9,566,000 after acquiring an additional 39,933 shares during the period. Institutional investors and hedge funds 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.