RK Asset Management LLC Has $5.22 Million Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

RK Asset Management LLC trimmed its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,637 shares of the company’s stock after selling 409 shares during the quarter. J&J Snack Foods makes up 4.3% of RK Asset Management LLC’s holdings, making the stock its 13th biggest holding. RK Asset Management LLC owned approximately 0.17% of J&J Snack Foods worth $5,218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in JJSF. Thrivent Financial for Lutherans boosted its position in J&J Snack Foods by 130.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 535,831 shares of the company’s stock worth $87,003,000 after buying an additional 303,673 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of J&J Snack Foods by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock worth $74,400,000 after purchasing an additional 18,932 shares during the period. Jane Street Group LLC grew its stake in shares of J&J Snack Foods by 40.1% in the third quarter. Jane Street Group LLC now owns 31,936 shares of the company’s stock worth $5,497,000 after purchasing an additional 9,134 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in J&J Snack Foods by 3.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock valued at $278,899,000 after purchasing an additional 57,887 shares during the period. Finally, Millennium Management LLC increased its holdings in J&J Snack Foods by 128.7% in the second quarter. Millennium Management LLC now owns 21,678 shares of the company’s stock valued at $3,520,000 after purchasing an additional 12,198 shares during the period. 76.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a research report on Friday, November 15th.

J&J Snack Foods Stock Performance

Shares of NASDAQ:JJSF traded down $0.93 during trading on Friday, reaching $152.86. The stock had a trading volume of 67,731 shares, compared to its average volume of 68,366. J&J Snack Foods Corp. has a 52 week low of $133.23 and a 52 week high of $180.80. The firm’s fifty day moving average is $166.63 and its 200 day moving average is $167.26. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 34.35 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.25). The business had revenue of $426.76 million for the quarter, compared to analyst estimates of $428.33 million. J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The business’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.73 earnings per share. On average, research analysts forecast that J&J Snack Foods Corp. will post 5.49 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 70.11%.

About J&J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.