J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 85.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,550 shares of the company’s stock after selling 27,386 shares during the period. Jane Street Group LLC’s holdings in J&J Snack Foods were worth $706,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in J&J Snack Foods by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company’s stock valued at $256,457,000 after purchasing an additional 20,238 shares during the period. Thrivent Financial for Lutherans grew its holdings in J&J Snack Foods by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company’s stock valued at $100,060,000 after purchasing an additional 2,357 shares during the period. Dimensional Fund Advisors LP grew its holdings in J&J Snack Foods by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 468,298 shares of the company’s stock valued at $72,648,000 after purchasing an additional 6,544 shares during the period. DAVENPORT & Co LLC grew its holdings in J&J Snack Foods by 5.8% in the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock valued at $38,596,000 after purchasing an additional 13,653 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in J&J Snack Foods by 4.0% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 234,716 shares of the company’s stock valued at $36,411,000 after purchasing an additional 9,103 shares during the period. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

J&J Snack Foods Stock Down 1.0%

JJSF opened at $111.46 on Monday. J&J Snack Foods Corp. has a 52-week low of $111.11 and a 52-week high of $180.80. The company has a 50 day moving average of $126.93 and a two-hundred day moving average of $141.23. The company has a market cap of $2.17 billion, a P/E ratio of 25.68 and a beta of 0.49.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.34). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The business had revenue of $356.10 million for the quarter, compared to analysts’ expectations of $369.01 million. During the same quarter in the prior year, the firm earned $0.84 earnings per share. J&J Snack Foods’s quarterly revenue was down 1.0% compared to the same quarter last year. Research analysts anticipate that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.78 per share. The ex-dividend date is Tuesday, June 17th. This represents a $3.12 annualized dividend and a yield of 2.80%. J&J Snack Foods’s dividend payout ratio is currently 80.00%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on JJSF shares. Jefferies Financial Group lowered their target price on shares of 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. Benchmark lowered their target price on shares of J&J Snack Foods from $165.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, May 7th.

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.