PNC Financial Services Group Inc. lowered its stake in J&J Snack Foods Corp. (NASDAQ:JJSF – Get Rating) by 47.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,113 shares of the company’s stock after selling 1,933 shares during the period. PNC Financial Services Group Inc.’s holdings in J&J Snack Foods were worth $316,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. ProShare Advisors LLC grew its position in shares of J&J Snack Foods by 4.8% during the 4th quarter. ProShare Advisors LLC now owns 58,026 shares of the company’s stock worth $8,687,000 after purchasing an additional 2,654 shares in the last quarter. Fiducient Advisors LLC bought a new stake in shares of J&J Snack Foods during the 4th quarter worth approximately $348,000. Victory Capital Management Inc. lifted its holdings in shares of J&J Snack Foods by 43.7% during the 3rd quarter. Victory Capital Management Inc. now owns 4,114 shares of the company’s stock worth $533,000 after acquiring an additional 1,252 shares during the period. Public Employees Retirement System of Ohio lifted its stake in J&J Snack Foods by 2.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 63,081 shares of the company’s stock valued at $8,167,000 after purchasing an additional 1,695 shares during the last quarter. Finally, Contravisory Investment Management Inc. lifted its stake in J&J Snack Foods by 14.4% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,529 shares of the company’s stock valued at $229,000 after purchasing an additional 192 shares during the last quarter. Institutional investors and hedge funds own 76.89% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on JJSF. TheStreet raised shares of J&J Snack Foods from a “c” rating to a “b-” rating in a research note on Monday, May 1st. StockNews.com began coverage on shares of J&J Snack Foods in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, 51job reiterated a “maintains” rating on shares of J&J Snack Foods in a research report on Friday, May 5th.
J&J Snack Foods Stock Up 1.1 %
Shares of NASDAQ JJSF opened at $155.56 on Wednesday. The stock has a market capitalization of $2.99 billion, a P/E ratio of 64.55 and a beta of 0.54. The company has a 50-day moving average price of $154.39 and a 200-day moving average price of $150.89. J&J Snack Foods Corp. has a 1 year low of $121.70 and a 1 year high of $165.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.73 and a quick ratio of 1.60.
J&J Snack Foods (NASDAQ:JJSF – Get Rating) last released its quarterly earnings results on Monday, May 1st. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). J&J Snack Foods had a net margin of 3.16% and a return on equity of 6.34%. The firm had revenue of $337.85 million for the quarter, compared to the consensus estimate of $335.18 million. During the same period in the previous year, the business earned $0.17 earnings per share. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, equities research analysts forecast that J&J Snack Foods Corp. will post 3.85 EPS for the current fiscal year.
J&J Snack Foods Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Tuesday, June 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, June 16th. J&J Snack Foods’s dividend payout ratio is 116.18%.
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 juice treats and desserts, churros, dough enrobed handheld products, and baked goods.
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