Champlain Investment Partners LLC Lowers Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Champlain Investment Partners LLC trimmed its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 356,885 shares of the company’s stock after selling 20,865 shares during the period. Champlain Investment Partners LLC’s holdings in J&J Snack Foods were worth $55,364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in shares of J&J Snack Foods by 163.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock valued at $50,000 after buying an additional 198 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in J&J Snack Foods during the 4th quarter valued at $74,000. Huntington National Bank increased its holdings in shares of J&J Snack Foods by 25.4% in the 4th quarter. Huntington National Bank now owns 513 shares of the company’s stock worth $80,000 after purchasing an additional 104 shares in the last quarter. Blue Trust Inc. raised its stake in shares of J&J Snack Foods by 27.4% in the fourth quarter. Blue Trust Inc. now owns 498 shares of the company’s stock worth $86,000 after purchasing an additional 107 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 in the last quarter. 76.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday, February 4th. Jefferies Financial Group reduced their price target on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th.

J&J Snack Foods Trading Up 2.2 %

JJSF opened at $135.67 on Friday. The firm’s 50 day simple moving average is $131.45 and its two-hundred day simple moving average is $149.63. The company has a market capitalization of $2.64 billion, a PE ratio of 31.26 and a beta of 0.48. J&J Snack Foods Corp. has a 1-year low of $116.60 and a 1-year high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. Equities analysts forecast 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.30%. J&J Snack Foods’s payout ratio is currently 71.89%.

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.