ExodusPoint Capital Management LP Sells 1,148 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

ExodusPoint Capital Management LP lowered its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,397 shares of the company’s stock after selling 1,148 shares during the quarter. ExodusPoint Capital Management LP’s holdings in J&J Snack Foods were worth $682,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in JJSF. Smartleaf Asset Management LLC increased its position in J&J Snack Foods by 163.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock worth $50,000 after purchasing an additional 198 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of J&J Snack Foods during the fourth quarter worth $74,000. Huntington National Bank lifted its stake 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 valued at $80,000 after acquiring an additional 104 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of J&J Snack Foods by 27.4% during the 4th quarter. Blue Trust Inc. now owns 498 shares of the company’s stock valued at $86,000 after acquiring an additional 107 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in J&J Snack Foods by 32.8% during the 4th quarter. GAMMA Investing LLC now owns 603 shares of the company’s stock worth $94,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

Analysts Set New Price Targets

JJSF has been the subject of several research reports. Jefferies Financial Group dropped their target price on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research report on Tuesday, February 4th.

J&J Snack Foods Stock Up 1.6 %

Shares of J&J Snack Foods stock opened at $134.50 on Friday. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 30.99 and a beta of 0.48. J&J Snack Foods Corp. has a twelve month low of $116.60 and a twelve month high of $180.80. The company’s fifty day moving average is $130.56 and its 200 day moving average is $150.47.

J&J Snack Foods (NASDAQ:JJSF) last announced its 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%. As a group, equities 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. Shareholders of record on Tuesday, March 18th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio is presently 71.89%.

About J&J Snack Foods

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.