Westwood Holdings Group Inc. Boosts Stake in J&J Snack Foods Corp. (NASDAQ:JJSF)

Westwood Holdings Group Inc. raised its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 504,018 shares of the company’s stock after purchasing an additional 7,535 shares during the quarter. Westwood Holdings Group Inc.’s holdings in J&J Snack Foods were worth $78,188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of JJSF. Smartleaf Asset Management LLC increased its stake in shares of J&J Snack Foods by 163.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock worth $50,000 after buying an additional 198 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in J&J Snack Foods in the fourth quarter valued at about $55,000. Newbridge Financial Services Group Inc. bought a new position in J&J Snack Foods during the 4th quarter worth approximately $74,000. Blue Trust Inc. increased its holdings in shares of J&J Snack Foods by 27.4% in the 4th quarter. Blue Trust Inc. now owns 498 shares of the company’s stock valued at $86,000 after acquiring an additional 107 shares during the last quarter. Finally, Huntington National Bank lifted its stake in J&J Snack Foods by 25.4% during the fourth quarter. Huntington National Bank now owns 513 shares of the company’s stock worth $80,000 after purchasing an additional 104 shares during the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

J&J Snack Foods Stock Up 0.3%

JJSF opened at $116.50 on Monday. The firm has a market capitalization of $2.27 billion, a P/E ratio of 26.84 and a beta of 0.49. J&J Snack Foods Corp. has a 12-month low of $112.40 and a 12-month high of $180.80. The stock has a fifty day moving average of $128.87 and a 200-day moving average of $143.14.

J&J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.34). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The business had revenue of $356.10 million during the quarter, compared to the consensus estimate of $369.01 million. During the same period in the prior year, the firm earned $0.84 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. On average, analysts expect that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be paid a $0.78 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.68%. J&J Snack Foods’s payout ratio is 80.00%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. 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 on the stock in a research report on Tuesday, February 18th. Benchmark dropped their price target on J&J Snack Foods from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th.

J&J Snack Foods Company 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 novelties, churros, handheld products, and baked goods.