Sowell Financial Services LLC Lowers Stock Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Sowell Financial Services LLC lowered its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,865 shares of the company’s stock after selling 887 shares during the period. Sowell Financial Services LLC’s holdings in J&J Snack Foods were worth $2,461,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JJSF. Thrivent Financial for Lutherans boosted its position in J&J Snack Foods by 19.9% during the third quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock worth $110,612,000 after purchasing an additional 106,817 shares in the last quarter. Barclays PLC lifted its position in shares of J&J Snack Foods by 434.0% in the third quarter. Barclays PLC now owns 30,065 shares of the company’s stock valued at $5,175,000 after acquiring an additional 24,435 shares in the last quarter. State Street Corp lifted its position in shares of J&J Snack Foods by 2.9% in the third quarter. State Street Corp now owns 602,295 shares of the company’s stock valued at $104,140,000 after acquiring an additional 17,062 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of J&J Snack Foods by 5.8% in the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock valued at $38,596,000 after acquiring an additional 13,653 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Stock Performance

NASDAQ:JJSF opened at $138.38 on Monday. J&J Snack Foods Corp. has a one year low of $116.60 and a one year high of $180.80. The stock has a market cap of $2.70 billion, a PE ratio of 31.88 and a beta of 0.66. The stock has a 50 day moving average price of $136.84 and a 200 day moving average price of $157.06.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.33 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%. As a group, 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 dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $3.12 annualized dividend and a yield of 2.25%. J&J Snack Foods’s dividend payout ratio (DPR) is 71.89%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on JJSF shares. Jefferies Financial Group decreased their target price 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. Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, February 4th.

About J&J Snack Foods

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.