UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.73 Million Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 12.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,486 shares of the company’s stock after selling 4,057 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of J&J Snack Foods worth $4,731,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in J&J Snack Foods by 39,000.0% during the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock valued at $63,000 after purchasing an additional 390 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in J&J Snack Foods during the second quarter valued at approximately $76,000. GAMMA Investing LLC grew its holdings in J&J Snack Foods by 24.0% during the third quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $78,000 after purchasing an additional 88 shares during the period. Canada Pension Plan Investment Board bought a new position in J&J Snack Foods in the second quarter valued at approximately $114,000. Finally, nVerses Capital LLC bought a new stake in shares of J&J Snack Foods during the third quarter worth $120,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of J&J Snack Foods in a research report on Friday, November 15th.

J&J Snack Foods Stock Down 0.9 %

Shares of JJSF stock opened at $169.22 on Thursday. The firm has a fifty day moving average of $169.09 and a 200-day moving average of $167.69. J&J Snack Foods Corp. has a 12-month low of $133.23 and a 12-month high of $180.80. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 38.03 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.25). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The company had revenue of $426.76 million for the quarter, compared to the consensus estimate of $428.33 million. During the same period in the prior year, the company earned $1.73 EPS. The firm’s revenue was down 3.9% on a year-over-year basis. On average, equities analysts expect that J&J Snack Foods Corp. will post 5.49 EPS for the current year.

J&J Snack Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, December 17th. J&J Snack Foods’s payout ratio is 70.11%.

About J&J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.