Yousif Capital Management LLC Lowers Position in J & J Snack Foods Corp. (NASDAQ:JJSF)

Yousif Capital Management LLC decreased its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,789 shares of the company’s stock after selling 105 shares during the quarter. Yousif Capital Management LLC’s holdings in J & J Snack Foods were worth $763,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in shares of J & J Snack Foods by 163.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock valued at $50,000 after purchasing an additional 198 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of J & J Snack Foods in the fourth quarter worth about $55,000. Huntington National Bank boosted its stake in J & J Snack Foods by 25.4% during the fourth quarter. Huntington National Bank now owns 513 shares of the company’s stock valued at $80,000 after buying an additional 104 shares during the last quarter. Virtu Financial LLC purchased a new position in J & J Snack Foods during the 4th quarter valued at approximately $206,000. Finally, Cibc World Markets Corp purchased a new position in J & J Snack Foods during the 4th quarter valued at approximately $221,000. 76.04% of the stock is owned by hedge funds and other institutional investors.

J & J Snack Foods Trading Down 0.1%

Shares of NASDAQ:JJSF opened at $111.76 on Friday. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 28.66 and a beta of 0.44. J & J Snack Foods Corp. has a 12 month low of $109.71 and a 12 month high of $180.80. The company has a 50-day moving average price of $120.80 and a 200 day moving average price of $134.30.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.34). The company had revenue of $356.10 million for the quarter, compared to analysts’ expectations of $369.01 million. J & J Snack Foods had a net margin of 4.79% and a return on equity of 8.78%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.84 earnings per share. As a group, equities analysts forecast that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be given a $0.78 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $3.12 dividend on an annualized basis and a yield of 2.79%. J & J Snack Foods’s dividend payout ratio is presently 80.00%.

Analyst Ratings Changes

Several brokerages have recently issued reports on JJSF. Benchmark decreased their price objective on J & J Snack Foods from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Wall Street Zen upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Friday, June 6th.

J & J Snack Foods Profile

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.