Russell Investments Group Ltd. Sells 11,173 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Russell Investments Group Ltd. cut its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 37.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,440 shares of the company's stock after selling 11,173 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of J&J Snack Foods worth $2,861,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of JJSF. KLP Kapitalforvaltning AS bought a new stake in J&J Snack Foods during the 4th quarter worth $530,000. Barclays PLC grew its holdings 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 purchasing an additional 24,435 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in J&J Snack Foods by 27.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company's stock valued at $7,672,000 after buying an additional 9,703 shares during the last quarter. FMR LLC boosted its position in J&J Snack Foods by 109.9% during the 3rd quarter. FMR LLC now owns 1,954 shares of the company's stock worth $336,000 after buying an additional 1,023 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in J&J Snack Foods during the 4th quarter worth approximately $674,000. Institutional investors and hedge funds own 76.04% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on JJSF. Jefferies Financial Group cut their target price on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Benchmark restated 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 Stock Performance

Shares of JJSF stock traded down $1.00 during mid-day trading on Wednesday, hitting $135.49. The company's stock had a trading volume of 38,240 shares, compared to its average volume of 102,326. The company has a market cap of $2.64 billion, a PE ratio of 31.22 and a beta of 0.48. The company's fifty day simple moving average is $131.94 and its 200-day simple moving average is $148.62. 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 earnings results on Monday, February 3rd. The company reported $0.33 earnings per share 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, equities analysts anticipate that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.30%. The ex-dividend date was Tuesday, March 18th. J&J Snack Foods's dividend payout ratio (DPR) is currently 71.89%.

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.