Renaissance Technologies LLC Sells 34,550 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Renaissance Technologies LLC trimmed its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 45.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,156 shares of the company's stock after selling 34,550 shares during the quarter. Renaissance Technologies LLC owned approximately 0.22% of J&J Snack Foods worth $6,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in J&J Snack Foods by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock worth $256,457,000 after acquiring an additional 20,238 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of J&J Snack Foods by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company's stock worth $100,060,000 after purchasing an additional 2,357 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of J&J Snack Foods by 5.8% in the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company's stock worth $38,596,000 after purchasing an additional 13,653 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in J&J Snack Foods by 4.0% during the 4th 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, Charles Schwab Investment Management Inc. lifted its holdings in J&J Snack Foods by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 185,669 shares of the company's stock worth $28,803,000 after buying an additional 1,564 shares during the period. 76.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JJSF. Benchmark reaffirmed a "buy" rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research note on Tuesday, February 4th. Jefferies Financial Group dropped their price target 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.

J&J Snack Foods Price Performance

Shares of J&J Snack Foods stock traded down $5.00 during trading hours on Thursday, hitting $131.01. 38,630 shares of the company's stock traded hands, compared to its average volume of 148,661. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 30.21 and a beta of 0.48. J&J Snack Foods Corp. has a 12-month low of $116.60 and a 12-month high of $180.80. The company has a fifty day simple moving average of $132.17 and a 200-day simple moving average of $148.53.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Tuesday, March 18th. J&J Snack Foods's dividend payout ratio (DPR) is presently 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.