J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC trimmed its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 520,466 shares of the company’s stock after selling 6,194 shares during the period. J&J Snack Foods makes up approximately 1.4% of Geneva Capital Management LLC’s holdings, making the stock its 23rd biggest position. Geneva Capital Management LLC’s holdings in J&J Snack Foods were worth $80,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Thrivent Financial for Lutherans boosted its position in shares of J&J Snack Foods by 19.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock valued at $110,612,000 after purchasing an additional 106,817 shares during the period. State Street Corp boosted its position in shares of J&J Snack Foods by 2.9% in the 3rd quarter. State Street Corp now owns 602,295 shares of the company’s stock valued at $104,140,000 after purchasing an additional 17,062 shares during the period. Champlain Investment Partners LLC boosted its position in shares of J&J Snack Foods by 2.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 377,750 shares of the company’s stock valued at $65,018,000 after purchasing an additional 8,187 shares during the period. DAVENPORT & Co LLC boosted its position in shares of J&J Snack Foods by 5.8% in the 4th quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock valued at $38,596,000 after purchasing an additional 13,653 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of J&J Snack Foods by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 185,669 shares of the company’s stock valued at $28,803,000 after purchasing an additional 1,564 shares during the period. 76.04% of the stock is owned by institutional investors and hedge funds.

J&J Snack Foods Trading Up 1.3 %

Shares of NASDAQ JJSF opened at $134.58 on Thursday. J&J Snack Foods Corp. has a one year low of $116.60 and a one year high of $180.80. The firm has a market capitalization of $2.62 billion, a PE ratio of 31.01 and a beta of 0.66. The business has a 50-day moving average price of $138.06 and a two-hundred day moving average price of $157.80.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data 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%. Research analysts anticipate that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.78 per share. The ex-dividend date is Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.32%. J&J Snack Foods’s payout ratio is presently 71.89%.

Wall Street Analyst Weigh In

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

J&J Snack Foods 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.