J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its stake in J&J Snack Foods Corp. (NASDAQ:JJSF – Get Rating) by 14.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,957 shares of the company’s stock after selling 829 shares during the quarter. Hsbc Holdings PLC’s holdings in J&J Snack Foods were worth $647,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JJSF. Bessemer Group Inc. boosted its position in J&J Snack Foods by 578.6% during the third quarter. Bessemer Group Inc. now owns 190 shares of the company’s stock worth $25,000 after acquiring an additional 162 shares during the last quarter. Eagle Bay Advisors LLC raised its stake in J&J Snack Foods by 144.2% during the second quarter. Eagle Bay Advisors LLC now owns 188 shares of the company’s stock worth $26,000 after purchasing an additional 111 shares during the period. Quadrant Capital Group LLC raised its stake in J&J Snack Foods by 603.4% during the third quarter. Quadrant Capital Group LLC now owns 415 shares of the company’s stock worth $54,000 after purchasing an additional 356 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of J&J Snack Foods by 15.1% in the 3rd quarter. Harbor Investment Advisory LLC now owns 610 shares of the company’s stock valued at $79,000 after acquiring an additional 80 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in shares of J&J Snack Foods by 202.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 617 shares of the company’s stock valued at $79,000 after acquiring an additional 413 shares during the period. Institutional investors and hedge funds own 76.89% of the company’s stock.

J&J Snack Foods Price Performance

Shares of JJSF opened at $143.64 on Friday. J&J Snack Foods Corp. has a fifty-two week low of $117.45 and a fifty-two week high of $165.90. The firm’s 50 day moving average price is $146.57 and its 200 day moving average price is $146.88. The company has a market cap of $2.76 billion, a P/E ratio of 64.70 and a beta of 0.53. The company has a quick ratio of 1.61, a current ratio of 2.76 and a debt-to-equity ratio of 0.11.

J&J Snack Foods (NASDAQ:JJSF – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.07). J&J Snack Foods had a return on equity of 5.77% and a net margin of 3.03%. The firm had revenue of $351.34 million for the quarter, compared to analyst estimates of $360.70 million. During the same quarter last year, the firm earned $0.58 EPS. The company’s revenue was up 10.3% on a year-over-year basis. On average, research analysts forecast that J&J Snack Foods Corp. will post 4.35 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 11th. Shareholders of record on Tuesday, March 21st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.95%. The ex-dividend date is Monday, March 20th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 126.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JJSF shares. CL King boosted their price target on shares of J&J Snack Foods from $165.00 to $180.00 in a research note on Wednesday, November 16th. TheStreet downgraded shares of J&J Snack Foods from a “b” rating to a “c” rating in a research note on Monday, January 30th. StockNews.com downgraded shares of J&J Snack Foods from a “hold” rating to a “sell” rating in a research note on Friday, February 3rd. Finally, Benchmark reissued a “buy” rating and issued a $175.00 price target on shares of J&J Snack Foods in a research note on Tuesday, January 31st.

J&J Snack Foods Company Profile

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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 juice treats and desserts, churros, dough enrobed handheld products, and baked goods.