RK Asset Management LLC Has $5.22 Million Stock Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

RK Asset Management LLC reduced its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 33,637 shares of the company’s stock after selling 409 shares during the period. J&J Snack Foods comprises about 4.3% of RK Asset Management LLC’s portfolio, making the stock its 13th largest holding. RK Asset Management LLC’s holdings in J&J Snack Foods were worth $5,218,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position 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 J&J Snack Foods during the second quarter worth $76,000. GAMMA Investing LLC raised its holdings in J&J Snack Foods by 24.0% during the third quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $78,000 after buying an additional 88 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of J&J Snack Foods in the second quarter valued at $114,000. Finally, nVerses Capital LLC acquired a new position in shares of J&J Snack Foods during the third quarter valued at about $120,000. Institutional investors own 76.04% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a report on Friday, November 15th.

J&J Snack Foods Price Performance

Shares of JJSF stock traded down $0.93 during trading hours on Friday, reaching $152.86. The company had a trading volume of 67,731 shares, compared to its average volume of 68,366. The business has a fifty day simple moving average of $166.63 and a 200-day simple moving average of $167.26. J&J Snack Foods Corp. has a 12 month low of $133.23 and a 12 month high of $180.80. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 34.35 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.25). The firm had revenue of $426.76 million for the quarter, compared to analysts’ expectations of $428.33 million. J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. J&J Snack Foods’s revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 earnings per share. On average, equities research analysts expect that J&J Snack Foods Corp. will post 5.49 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.12 annualized dividend and a yield of 2.04%. J&J Snack Foods’s dividend payout ratio (DPR) is 70.11%.

About J&J Snack Foods

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.