Franklin Resources Inc. Sells 93 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Franklin Resources Inc. decreased its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,453 shares of the company’s stock after selling 93 shares during the period. Franklin Resources Inc.’s holdings in J&J Snack Foods were worth $225,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alliancebernstein L.P. grew its holdings in 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 purchasing an additional 125 shares during the period. Pictet Asset Management Holding SA raised its stake in J&J Snack Foods by 24.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,266 shares of the company’s stock valued at $352,000 after acquiring an additional 439 shares during the period. Norges Bank purchased a new stake in J&J Snack Foods during the fourth quarter valued at about $28,647,000. Loomis Sayles & Co. L P boosted its position in J&J Snack Foods by 36.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 47,061 shares of the company’s stock worth $7,301,000 after purchasing an additional 12,453 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of J&J Snack Foods by 60.6% in the fourth quarter. JPMorgan Chase & Co. now owns 71,571 shares of the company’s stock worth $11,103,000 after purchasing an additional 26,999 shares in the last quarter. 76.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a report on Tuesday, February 4th. Jefferies Financial Group reduced their target price on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a report on Tuesday, February 18th.

J&J Snack Foods Price Performance

Shares of NASDAQ:JJSF opened at $135.67 on Friday. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 31.26 and a beta of 0.48. J&J Snack Foods Corp. has a one year low of $116.60 and a one year high of $180.80. The firm has a fifty day moving average price of $131.62 and a two-hundred day moving average price of $149.38.

J&J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. Equities research analysts expect that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Tuesday, March 18th. J&J Snack Foods’s payout ratio is 71.89%.

About J&J Snack Foods

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.