Victory Capital Management Inc. Lowers Stake in J&J Snack Foods Corp. (NASDAQ:JJSF)

Victory Capital Management Inc. decreased its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,017 shares of the company’s stock after selling 167 shares during the quarter. Victory Capital Management Inc.’s holdings in J&J Snack Foods were worth $1,208,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in J&J Snack Foods by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after purchasing an additional 71,378 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of J&J Snack Foods by 18.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,704 shares of the company’s stock worth $246,000 after buying an additional 263 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in J&J Snack Foods by 6.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 13,718 shares of the company’s stock valued at $1,980,000 after acquiring an additional 791 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in J&J Snack Foods by 16.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,446 shares of the company’s stock worth $1,511,000 after acquiring an additional 1,437 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in J&J Snack Foods by 603.8% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock worth $59,000 after acquiring an additional 314 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J&J Snack Foods Stock Performance

Shares of JJSF opened at $172.65 on Wednesday. J&J Snack Foods Corp. has a fifty-two week low of $133.23 and a fifty-two week high of $180.80. The firm has a 50-day simple moving average of $168.80 and a 200-day simple moving average of $167.06. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 38.60 and a beta of 0.63.

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

J&J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, December 17th. J&J Snack Foods’s payout ratio is 70.11%.

Insider Transactions at J&J Snack Foods

In related news, Director Gerald B. Shreiber sold 20,000 shares of the company’s stock in a transaction on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 22.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.