Westwood Holdings Group Inc. Decreases Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Westwood Holdings Group Inc. cut its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 15.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 457,614 shares of the company’s stock after selling 85,331 shares during the period. Westwood Holdings Group Inc. owned 2.36% of J&J Snack Foods worth $74,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of J&J Snack Foods during the fourth quarter valued at approximately $27,404,000. Trexquant Investment LP lifted its holdings in J&J Snack Foods by 79.6% during the 4th quarter. Trexquant Investment LP now owns 18,284 shares of the company’s stock valued at $3,056,000 after buying an additional 8,105 shares in the last quarter. Capstone Investment Advisors LLC boosted its position in J&J Snack Foods by 17.0% in the 4th quarter. Capstone Investment Advisors LLC now owns 1,820 shares of the company’s stock valued at $304,000 after buying an additional 264 shares during the period. Alberta Investment Management Corp increased its position in shares of J&J Snack Foods by 6.4% during the fourth quarter. Alberta Investment Management Corp now owns 7,683 shares of the company’s stock worth $1,284,000 after acquiring an additional 461 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of J&J Snack Foods during the fourth quarter valued at approximately $248,000. 76.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction dated Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Gerald B. Shreiber sold 20,000 shares of the stock in a transaction dated Saturday, August 31st. The shares were sold at an average price of $167.95, for a total transaction of $3,359,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Mary Lou Kehoe sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $169.59, for a total value of $254,385.00. Following the completion of the transaction, the vice president now directly owns 742 shares of the company’s stock, valued at approximately $125,835.78. The disclosure for this sale can be found here. 22.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a research report on Tuesday, August 6th.

J&J Snack Foods Stock Down 0.8 %

Shares of NASDAQ JJSF opened at $168.09 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.26 billion, a PE ratio of 37.86 and a beta of 0.62. J&J Snack Foods Corp. has a 12-month low of $133.23 and a 12-month high of $176.38. The stock’s fifty day simple moving average is $168.02 and its two-hundred day simple moving average is $157.90.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, August 5th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.01). The firm had revenue of $439.96 million for the quarter, compared to analysts’ expectations of $440.92 million. J&J Snack Foods had a net margin of 5.49% and a return on equity of 10.70%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.92 earnings per share. As a group, analysts expect that J&J Snack Foods Corp. will post 5.21 EPS for the current fiscal year.

J&J Snack Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.78 per share. This is a positive change from J&J Snack Foods’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.86%. J&J Snack Foods’s payout ratio is presently 70.27%.

J&J Snack Foods Profile

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.