Hsbc Holdings PLC Takes $551,000 Position in J & J Snack Foods Corp. $JJSF

Hsbc Holdings PLC purchased a new position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) in the first quarter, HoldingsChannel reports. The firm purchased 6,860 shares of the company’s stock, valued at approximately $551,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JJSF. State of Alaska Department of Revenue raised its holdings in J & J Snack Foods by 1.6% in the 4th quarter. State of Alaska Department of Revenue now owns 8,823 shares of the company’s stock valued at $796,000 after buying an additional 141 shares during the period. Nicolet Advisory Services LLC lifted its position in J & J Snack Foods by 5.8% in the third quarter. Nicolet Advisory Services LLC now owns 2,592 shares of the company’s stock valued at $246,000 after buying an additional 143 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in J & J Snack Foods by 58.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 404 shares of the company’s stock worth $36,000 after buying an additional 149 shares during the period. LPL Financial LLC boosted its stake in J & J Snack Foods by 3.9% during the fourth quarter. LPL Financial LLC now owns 4,746 shares of the company’s stock worth $429,000 after buying an additional 178 shares during the period. Finally, Allworth Financial LP boosted its stake in J & J Snack Foods by 485.1% during the fourth quarter. Allworth Financial LP now owns 275 shares of the company’s stock worth $25,000 after buying an additional 228 shares during the period. 76.04% of the stock is owned by institutional investors and hedge funds.

J & J Snack Foods Trading Down 0.5%

JJSF stock opened at $76.50 on Friday. The business’s fifty day moving average price is $76.12 and its 200 day moving average price is $80.85. J & J Snack Foods Corp. has a 12-month low of $68.87 and a 12-month high of $129.24. The company has a market capitalization of $1.43 billion, a PE ratio of 25.67 and a beta of 0.38.

J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Wednesday, May 6th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $344.82 million during the quarter, compared to analysts’ expectations of $349.67 million. J & J Snack Foods had a return on equity of 9.01% and a net margin of 3.75%.J & J Snack Foods’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. Research analysts predict that J & J Snack Foods Corp. will post 4 EPS for the current fiscal year.

J & J Snack Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, June 16th. J & J Snack Foods’s dividend payout ratio is currently 107.38%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JJSF. Benchmark reduced their price target on shares of J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Zacks Research lowered shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, J & J Snack Foods presently has a consensus rating of “Reduce” and an average price target of $120.00.

J & J Snack Foods Profile

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.