Segall Bryant & Hamill LLC Sells 833 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Segall Bryant & Hamill LLC lowered its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 24,127 shares of the company’s stock after selling 833 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in J&J Snack Foods were worth $3,743,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JJSF. Barclays PLC lifted its holdings in shares of J&J Snack Foods by 434.0% in the 3rd quarter. Barclays PLC now owns 30,065 shares of the company’s stock worth $5,175,000 after buying an additional 24,435 shares during the period. Vanguard Group Inc. lifted its stake in J&J Snack Foods by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company’s stock worth $256,457,000 after acquiring an additional 20,238 shares during the period. State Street Corp grew its holdings in J&J Snack Foods by 2.9% during the 3rd quarter. State Street Corp now owns 602,295 shares of the company’s stock worth $104,140,000 after acquiring an additional 17,062 shares in the last quarter. DAVENPORT & Co LLC increased its position in J&J Snack Foods by 5.8% during 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, JPMorgan Chase & Co. raised its holdings in shares of J&J Snack Foods by 27.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company’s stock valued at $7,672,000 after purchasing an additional 9,703 shares in the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JJSF. Jefferies Financial Group dropped their price objective on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, February 4th.

J&J Snack Foods Stock Performance

JJSF stock opened at $130.68 on Friday. 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 cap of $2.55 billion, a price-to-earnings ratio of 30.11 and a beta of 0.66. The firm has a 50-day simple moving average of $132.12 and a two-hundred day simple moving average of $153.48.

J&J Snack Foods (NASDAQ:JJSF) last posted 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 net margin of 5.31% and a return on equity of 9.84%. As a group, equities analysts predict 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th will be given a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.39%. J&J Snack Foods’s payout ratio is 71.89%.

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.