Jefferies Financial Group Inc. Cuts Stake in J&J Snack Foods Corp. (NASDAQ:JJSF)

Jefferies Financial Group Inc. lowered its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 46.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,520 shares of the company’s stock after selling 4,696 shares during the period. Jefferies Financial Group Inc.’s holdings in J&J Snack Foods were worth $856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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 worth $256,457,000 after buying an additional 20,238 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake 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 worth $100,060,000 after buying an additional 2,357 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 worth $72,648,000 after buying an additional 6,544 shares in the last quarter. Bank of America Corp DE boosted its stake in J&J Snack Foods by 0.6% in the fourth quarter. Bank of America Corp DE now owns 271,404 shares of the company’s stock worth $42,103,000 after buying an additional 1,530 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its stake 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 worth $38,596,000 after buying an additional 13,653 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JJSF. Benchmark cut their target price on J&J Snack Foods from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Jefferies Financial Group cut their target price on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th.

J&J Snack Foods Stock Performance

NASDAQ:JJSF opened at $116.14 on Friday. The firm has a market cap of $2.26 billion, a PE ratio of 26.76 and a beta of 0.49. J&J Snack Foods Corp. has a fifty-two week low of $112.40 and a fifty-two week high of $180.80. The business has a 50 day moving average price of $129.29 and a 200-day moving average price of $143.79.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 earnings per share 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 5.31% and a return on equity of 9.84%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the company posted $0.84 EPS. Research analysts predict that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.69%. J&J Snack Foods’s dividend payout ratio (DPR) is presently 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.