Ensign Peak Advisors Inc Reduces Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Ensign Peak Advisors Inc lowered its stake in J&J Snack Foods Corp. (NASDAQ:JJSF – Get Rating) by 13.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,912 shares of the company’s stock after selling 890 shares during the quarter. Ensign Peak Advisors Inc’s holdings in J&J Snack Foods were worth $765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of JJSF. Bessemer Group Inc. boosted its stake in shares of J&J Snack Foods by 578.6% during the 3rd 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 boosted its stake in shares of J&J Snack Foods by 144.2% during the 2nd quarter. Eagle Bay Advisors LLC now owns 188 shares of the company’s stock worth $26,000 after acquiring an additional 111 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of J&J Snack Foods by 603.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 415 shares of the company’s stock worth $54,000 after acquiring an additional 356 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of J&J Snack Foods by 15.1% during the 3rd quarter. Harbor Investment Advisory LLC now owns 610 shares of the company’s stock worth $79,000 after acquiring an additional 80 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of J&J Snack Foods by 202.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 617 shares of the company’s stock worth $79,000 after acquiring an additional 413 shares during the last quarter. Hedge funds and other institutional investors own 76.89% of the company’s stock.

J&J Snack Foods Stock Performance

Shares of NASDAQ JJSF opened at $140.26 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.61 and a current ratio of 2.76. The company has a market cap of $2.70 billion, a P/E ratio of 63.18 and a beta of 0.53. The firm’s fifty day moving average is $145.46 and its two-hundred day moving average is $146.33. J&J Snack Foods Corp. has a 52-week low of $117.45 and a 52-week high of $165.90.

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

J&J Snack Foods Dividend Announcement

The business 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 $0.70 dividend. The ex-dividend date is Monday, March 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.00%. J&J Snack Foods’s dividend payout ratio is currently 126.13%.

Wall Street Analyst Weigh In

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

About J&J Snack Foods

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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.