Ranger Investment Management L.P. Cuts Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Ranger Investment Management L.P. lessened its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,570 shares of the company's stock after selling 2,930 shares during the period. Ranger Investment Management L.P. owned approximately 0.69% of J&J Snack Foods worth $20,721,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of J&J Snack Foods in the 4th quarter valued at about $674,000. Invesco Ltd. increased its holdings in J&J Snack Foods by 0.5% in the fourth quarter. Invesco Ltd. now owns 74,566 shares of the company's stock valued at $11,567,000 after buying an additional 396 shares in the last quarter. Bank of Montreal Can lifted its position in shares of J&J Snack Foods by 18.3% during the 4th quarter. Bank of Montreal Can now owns 2,002 shares of the company's stock valued at $311,000 after acquiring an additional 310 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in J&J Snack Foods by 4.0% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 234,716 shares of the company's stock worth $36,411,000 after purchasing an additional 9,103 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in J&J Snack Foods by 28.1% in the fourth quarter. Wells Fargo & Company MN now owns 11,497 shares of the company's stock valued at $1,784,000 after purchasing an additional 2,525 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Jefferies Financial Group decreased their price objective on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. Benchmark reiterated a "buy" rating and issued a $200.00 price target on shares of J&J Snack Foods in a research report on Tuesday, February 4th.

J&J Snack Foods Trading Up 0.9 %

Shares of J&J Snack Foods stock traded up $1.15 during trading hours on Monday, reaching $135.65. 23,028 shares of the company's stock were exchanged, compared to its average volume of 101,524. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 31.26 and a beta of 0.48. The company has a fifty day moving average of $130.56 and a 200-day moving average of $150.34. J&J Snack Foods Corp. has a 52-week low of $116.60 and a 52-week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly 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 return on equity of 9.84% and a net margin of 5.31%. On average, equities research analysts anticipate that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Tuesday, March 18th. J&J Snack Foods's payout ratio is currently 71.89%.

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.