Choate Investment Advisors Sells 2,130 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Choate Investment Advisors trimmed its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 61.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,353 shares of the company’s stock after selling 2,130 shares during the quarter. Choate Investment Advisors’ holdings in J&J Snack Foods were worth $210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Swiss National Bank boosted its holdings in shares of J&J Snack Foods by 1.0% during the 4th quarter. Swiss National Bank now owns 30,600 shares of the company’s stock worth $4,747,000 after buying an additional 300 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of J&J Snack Foods in the 4th quarter worth $674,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of J&J Snack Foods by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 185,669 shares of the company’s stock worth $28,803,000 after purchasing an additional 1,564 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of J&J Snack Foods by 163.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock worth $50,000 after purchasing an additional 198 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of J&J Snack Foods by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 75,797 shares of the company’s stock worth $11,758,000 after purchasing an additional 2,205 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JJSF has been the topic of a number of recent research reports. Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a report on Tuesday, February 4th. Jefferies Financial Group cut their target price on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th.

J&J Snack Foods Trading Down 0.4 %

NASDAQ JJSF opened at $133.48 on Tuesday. The firm has a market capitalization of $2.60 billion, a P/E ratio of 30.76 and a beta of 0.66. The business has a fifty day simple moving average of $134.72 and a 200 day simple moving average of $155.64. J&J Snack Foods Corp. has a 12 month low of $116.60 and a 12 month high of $180.80.

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 net margin of 5.31% and a return on equity of 9.84%. As a group, sell-side analysts predict that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Tuesday, March 18th. J&J Snack Foods’s payout ratio is currently 71.89%.

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.