J & J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,449 shares of the company’s stock after selling 96 shares during the period. Amalgamated Bank’s holdings in J & J Snack Foods were worth $586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in shares of J & J Snack Foods during the fourth quarter worth about $530,000. Vanguard Group Inc. grew its holdings in shares of J & J Snack Foods by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company’s stock worth $256,457,000 after buying an additional 20,238 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of J & J Snack Foods during the fourth quarter worth about $674,000. Bank of Montreal Can grew its holdings in shares of J & J Snack Foods by 18.3% during the fourth quarter. Bank of Montreal Can now owns 2,002 shares of the company’s stock worth $311,000 after buying an additional 310 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of J & J Snack Foods by 0.5% during the fourth quarter. Invesco Ltd. now owns 74,566 shares of the company’s stock worth $11,567,000 after buying an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Benchmark lowered 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 lowered J & J Snack Foods from a “hold” rating to a “sell” rating in a report on Sunday, June 29th.

J & J Snack Foods Price Performance

Shares of NASDAQ:JJSF opened at $117.38 on Friday. The business’s 50 day simple moving average is $115.76 and its 200-day simple moving average is $128.78. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 30.10 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.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.34). The firm had revenue of $356.10 million for the quarter, compared to analysts’ expectations of $369.01 million. J & J Snack Foods had a return on equity of 8.78% and a net margin of 4.79%. J & J Snack Foods’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. On average, equities 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 company also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Tuesday, June 17th. J & J Snack Foods’s dividend payout ratio (DPR) is 80.00%.

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.