Westwood Holdings Group Inc. Has $35.22 Million Stock Holdings in J & J Snack Foods Corp. $JJSF

Westwood Holdings Group Inc. decreased its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 49.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 310,509 shares of the company’s stock after selling 299,968 shares during the period. Westwood Holdings Group Inc. owned 1.59% of J & J Snack Foods worth $35,215,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of JJSF. EverSource Wealth Advisors LLC increased its stake in shares of J & J Snack Foods by 902.9% during the second quarter. EverSource Wealth Advisors LLC now owns 351 shares of the company’s stock worth $40,000 after purchasing an additional 316 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of J & J Snack Foods by 243.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the company’s stock valued at $48,000 after acquiring an additional 302 shares during the period. AlphaQuest LLC bought a new stake in shares of J & J Snack Foods in the second quarter valued at about $59,000. Parallel Advisors LLC grew its stake in shares of J & J Snack Foods by 198.9% in the second quarter. Parallel Advisors LLC now owns 529 shares of the company’s stock valued at $60,000 after acquiring an additional 352 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in J & J Snack Foods by 94.4% during the second quarter. GAMMA Investing LLC now owns 700 shares of the company’s stock worth $79,000 after acquiring an additional 340 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.

Insider Activity at J & J Snack Foods

In other J & J Snack Foods news, Director Kathleen E. Ciaramello acquired 540 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average cost of $90.56 per share, for a total transaction of $48,902.40. Following the transaction, the director directly owned 1,013 shares in the company, valued at $91,737.28. This represents a 114.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 21.80% of the company’s stock.

J & J Snack Foods Trading Down 0.2%

Shares of NASDAQ:JJSF opened at $93.76 on Monday. The firm has a 50 day moving average of $90.01 and a 200-day moving average of $103.85. J & J Snack Foods Corp. has a 12 month low of $80.67 and a 12 month high of $169.41. The stock has a market capitalization of $1.81 billion, a PE ratio of 27.99 and a beta of 0.35.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, November 17th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.34. J & J Snack Foods had a net margin of 4.14% and a return on equity of 8.73%. The business had revenue of $410.24 million for the quarter, compared to analysts’ expectations of $424.08 million. During the same period last year, the firm posted $1.60 earnings per share. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, research analysts predict that J & J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J & J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th will be paid a $0.80 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $3.20 annualized dividend and a dividend yield of 3.4%. J & J Snack Foods’s dividend payout ratio (DPR) is presently 95.52%.

Analysts Set New Price Targets

JJSF has been the subject of a number of recent research reports. Benchmark cut their price objective on shares of J & J Snack Foods from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Zacks Research upgraded J & J Snack Foods from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.50.

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.