Russell Investments Group Ltd. Has $2.86 Million Stake in J&J Snack Foods Corp. (NASDAQ:JJSF)

Russell Investments Group Ltd. cut its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 37.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,440 shares of the company’s stock after selling 11,173 shares during the period. Russell Investments Group Ltd.’s holdings in J&J Snack Foods were worth $2,861,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of J&J Snack Foods by 1.2% during the 4th 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 in the last quarter. Thrivent Financial for Lutherans lifted its position in J&J Snack Foods by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company’s stock worth $100,060,000 after buying an additional 2,357 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of J&J Snack Foods by 5.8% during the 4th quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock worth $38,596,000 after buying an additional 13,653 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of J&J Snack Foods by 4.0% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 234,716 shares of the company’s stock valued at $36,411,000 after acquiring an additional 9,103 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in J&J Snack Foods by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 185,669 shares of the company’s stock worth $28,803,000 after acquiring an additional 1,564 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

J&J Snack Foods Stock Up 2.2 %

NASDAQ:JJSF opened at $135.67 on Friday. J&J Snack Foods Corp. has a 12-month low of $116.60 and a 12-month high of $180.80. The stock’s 50 day moving average price is $131.45 and its two-hundred day moving average price is $149.63. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 31.26 and a beta of 0.48.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities research analysts expect that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th were paid a $0.78 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.30%. J&J Snack Foods’s dividend payout ratio (DPR) is currently 71.89%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a research report on Tuesday, February 4th. Jefferies Financial Group cut their price target on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th.

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.