Jefferies Financial Group Inc. Decreases Stake in J&J Snack Foods Corp. (NASDAQ:JJSF)

Jefferies Financial Group Inc. lowered its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 46.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,520 shares of the company’s stock after selling 4,696 shares during the quarter. Jefferies Financial Group Inc.’s holdings in J&J Snack Foods were worth $856,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in JJSF. Summit Investment Advisors Inc. grew its holdings in J&J Snack Foods by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,596 shares of the company’s stock valued at $248,000 after buying an additional 101 shares in the last quarter. Huntington National Bank increased its position in shares of J&J Snack Foods by 25.4% during the fourth quarter. Huntington National Bank now owns 513 shares of the company’s stock valued at $80,000 after buying an additional 104 shares during the period. Blue Trust Inc. increased its position in shares of J&J Snack Foods by 27.4% during the fourth quarter. Blue Trust Inc. now owns 498 shares of the company’s stock valued at $86,000 after buying an additional 107 shares during the period. Alliancebernstein L.P. increased its position in shares of J&J Snack Foods by 0.7% during the fourth quarter. Alliancebernstein L.P. now owns 16,946 shares of the company’s stock valued at $2,629,000 after buying an additional 125 shares during the period. Finally, Bridge City Capital LLC increased its position in shares of J&J Snack Foods by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 16,571 shares of the company’s stock valued at $2,571,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Trading Up 1.4%

Shares of NASDAQ JJSF opened at $116.14 on Friday. J&J Snack Foods Corp. has a 12 month low of $112.40 and a 12 month high of $180.80. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 26.76 and a beta of 0.49. The business has a 50-day moving average of $129.29 and a 200-day moving average of $143.79.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $369.01 million. During the same period in the previous year, the firm posted $0.84 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts predict that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.69%. J&J Snack Foods’s payout ratio is 80.00%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on JJSF shares. Jefferies Financial Group decreased their price target on 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 decreased their price target on J&J Snack Foods from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th.

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.