EULAV Asset Management Sells 2,000 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

EULAV Asset Management decreased its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 103,100 shares of the company’s stock after selling 2,000 shares during the period. EULAV Asset Management owned approximately 0.53% of J&J Snack Foods worth $15,994,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of J&J Snack Foods by 39,000.0% during the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after purchasing an additional 390 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of J&J Snack Foods during the 2nd quarter worth about $76,000. GAMMA Investing LLC grew its position in shares of J&J Snack Foods by 24.0% during the 3rd quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $78,000 after buying an additional 88 shares during the period. KBC Group NV increased its stake in shares of J&J Snack Foods by 48.2% in the 4th quarter. KBC Group NV now owns 627 shares of the company’s stock valued at $97,000 after acquiring an additional 204 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in J&J Snack Foods during the 3rd quarter worth approximately $120,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

J&J Snack Foods Trading Down 1.2 %

Shares of J&J Snack Foods stock opened at $122.34 on Friday. J&J Snack Foods Corp. has a 12 month low of $116.60 and a 12 month high of $180.80. The company has a market capitalization of $2.38 billion, a PE ratio of 27.49 and a beta of 0.64. The stock’s fifty day simple moving average is $150.85 and its 200 day simple moving average is $162.50.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. Analysts predict that J&J Snack Foods Corp. will post 5.49 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, January 7th. Stockholders of record on Tuesday, December 17th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 71.89%.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a research note on Tuesday.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.