Segall Bryant & Hamill LLC Decreases Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Segall Bryant & Hamill LLC decreased its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,127 shares of the company’s stock after selling 833 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.12% of J&J Snack Foods worth $3,743,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of J&J Snack Foods by 163.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock worth $50,000 after acquiring an additional 198 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in J&J Snack Foods in the fourth quarter worth $74,000. Blue Trust Inc. raised its stake in J&J Snack Foods by 27.4% during the fourth quarter. Blue Trust Inc. now owns 498 shares of the company’s stock valued at $86,000 after purchasing an additional 107 shares in the last quarter. GAMMA Investing LLC lifted its position in J&J Snack Foods by 32.8% during the fourth quarter. GAMMA Investing LLC now owns 603 shares of the company’s stock valued at $94,000 after purchasing an additional 149 shares during the last quarter. Finally, KBC Group NV grew 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 worth $97,000 after buying an additional 204 shares in the last quarter. 76.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on JJSF shares. Benchmark restated a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research report on Tuesday, February 4th. Jefferies Financial Group decreased their price objective on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th.

J&J Snack Foods Trading Up 2.4 %

Shares of JJSF opened at $130.68 on Friday. The company has a market cap of $2.55 billion, a P/E ratio of 30.11 and a beta of 0.66. J&J Snack Foods Corp. has a twelve month low of $116.60 and a twelve month high of $180.80. The company’s fifty day simple moving average is $132.12 and its 200-day simple moving average is $153.48.

J&J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Analysts predict that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.39%. J&J Snack Foods’s payout ratio is 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.