Kathmere Capital Management LLC Sells 602 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Kathmere Capital Management LLC lowered its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,348 shares of the company’s stock after selling 602 shares during the period. Kathmere Capital Management LLC’s holdings in J&J Snack Foods were worth $675,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of JJSF. GAMMA Investing LLC increased its stake in shares of J&J Snack Foods by 32.8% in the 4th quarter. GAMMA Investing LLC now owns 603 shares of the company’s stock valued at $94,000 after buying an additional 149 shares during the period. JPMorgan Chase & Co. boosted its holdings in J&J Snack Foods by 27.8% in the third quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company’s stock valued at $7,672,000 after acquiring an additional 9,703 shares during the last quarter. Franklin Resources Inc. increased its position in J&J Snack Foods by 4.1% in the third quarter. Franklin Resources Inc. now owns 1,546 shares of the company’s stock worth $259,000 after purchasing an additional 61 shares during the period. Barclays PLC raised its holdings in J&J Snack Foods by 434.0% during the 3rd quarter. Barclays PLC now owns 30,065 shares of the company’s stock worth $5,175,000 after purchasing an additional 24,435 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in J&J Snack Foods by 40.1% during the 3rd quarter. Jane Street Group LLC now owns 31,936 shares of the company’s stock valued at $5,497,000 after purchasing an additional 9,134 shares during the period. Institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Stock Down 1.5 %

Shares of NASDAQ JJSF opened at $142.96 on Thursday. J&J Snack Foods Corp. has a twelve month low of $133.23 and a twelve month high of $180.80. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 32.13 and a beta of 0.66. The company’s fifty day moving average is $163.44 and its 200-day moving average is $166.15.

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

J&J Snack Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were given a $0.78 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $3.12 annualized dividend and a dividend yield of 2.18%. J&J Snack Foods’s dividend payout ratio is presently 70.11%.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research note on Friday, November 15th.

J&J Snack Foods Profile

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.