Rothschild & Co. Asset Management US Inc. lowered its position in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 1.4% in the 1st quarter, Holdings Channel reports. The firm owned 130,444 shares of the company’s stock after selling 1,820 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in J & J Snack Foods were worth $20,720,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Pearl River Capital LLC purchased a new position in shares of J & J Snack Foods in the fourth quarter worth about $72,000. PNC Financial Services Group Inc. increased its holdings in J & J Snack Foods by 63.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 578 shares of the company’s stock valued at $84,000 after purchasing an additional 225 shares during the period. Quadrant Capital Group LLC increased its holdings in J & J Snack Foods by 2,348.4% during the 1st quarter. Quadrant Capital Group LLC now owns 759 shares of the company’s stock valued at $118,000 after purchasing an additional 728 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in J & J Snack Foods during the 4th quarter valued at about $125,000. Finally, Huntington National Bank increased its holdings in J & J Snack Foods by 46.6% during the 4th quarter. Huntington National Bank now owns 887 shares of the company’s stock valued at $128,000 after purchasing an additional 282 shares during the period. 72.24% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on JJSF shares. BidaskClub downgraded J & J Snack Foods from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Jefferies Financial Group restated a “hold” rating and set a $145.00 price target on shares of J & J Snack Foods in a report on Thursday, January 31st. Finally, Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th.
Shares of JJSF stock traded down $0.57 during midday trading on Friday, reaching $161.99. 921 shares of the stock were exchanged, compared to its average volume of 75,791. J & J Snack Foods Corp has a 1 year low of $136.87 and a 1 year high of $167.50. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 39.98 and a beta of 0.48.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, April 29th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. J & J Snack Foods had a return on equity of 11.30% and a net margin of 7.57%. The firm had revenue of $276.30 million for the quarter, compared to analysts’ expectations of $272.30 million. During the same period in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts forecast that J & J Snack Foods Corp will post 4.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be given a $0.50 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. J & J Snack Foods’s dividend payout ratio is currently 49.26%.
About J & J Snack Foods
J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.
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