Nisa Investment Advisors LLC Decreases Stock Position in J & J Snack Foods Corp. (NASDAQ:JJSF)

Nisa Investment Advisors LLC decreased its holdings in J & J Snack Foods Corp. (NASDAQ:JJSF) by 10.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,430 shares of the company’s stock after selling 161 shares during the period. Nisa Investment Advisors LLC’s holdings in J & J Snack Foods were worth $189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of JJSF. Johnson Financial Group Inc. bought a new stake in J & J Snack Foods during the fourth quarter valued at about $55,000. Huntington National Bank grew its holdings in J & J Snack Foods by 25.4% in the fourth quarter. Huntington National Bank now owns 513 shares of the company’s stock valued at $80,000 after purchasing an additional 104 shares during the period. Virtu Financial LLC acquired a new stake in shares of J & J Snack Foods in the fourth quarter worth approximately $206,000. Cibc World Markets Corp acquired a new position in J & J Snack Foods during the fourth quarter worth $221,000. Finally, Summit Investment Advisors Inc. raised its position in J & J Snack Foods by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,596 shares of the company’s stock valued at $248,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

J & J Snack Foods Stock Performance

Shares of NASDAQ:JJSF opened at $118.98 on Friday. J & J Snack Foods Corp. has a one year low of $109.71 and a one year high of $180.80. The stock has a fifty day moving average of $115.25 and a 200-day moving average of $127.38. The company has a market capitalization of $2.31 billion, a PE ratio of 30.51 and a beta of 0.44.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results 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). The business had revenue of $356.10 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 earnings per share. As a group, research analysts forecast that J & J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J & J Snack Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Tuesday, June 17th. J & J Snack Foods’s payout ratio is 80.00%.

J & J Snack Foods Company 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.