Atria Investments Inc Reduces Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Atria Investments Inc decreased its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 20.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,290 shares of the company’s stock after selling 339 shares during the quarter. Atria Investments Inc’s holdings in J&J Snack Foods were worth $200,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC raised its stake in shares of J&J Snack Foods by 163.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock worth $50,000 after purchasing an additional 198 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in J&J Snack Foods in the 4th quarter worth approximately $74,000. Blue Trust Inc. raised its position in J&J Snack Foods by 27.4% during the 4th quarter. Blue Trust Inc. now owns 498 shares of the company’s stock worth $86,000 after buying an additional 107 shares during the last quarter. GAMMA Investing LLC lifted its stake in J&J Snack Foods by 32.8% during the 4th quarter. GAMMA Investing LLC now owns 603 shares of the company’s stock valued at $94,000 after acquiring an additional 149 shares during the period. Finally, KBC Group NV boosted its holdings in shares of J&J Snack Foods by 48.2% in the 4th quarter. KBC Group NV now owns 627 shares of the company’s stock valued at $97,000 after acquiring an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Trading Down 2.1 %

NASDAQ JJSF opened at $130.73 on Wednesday. J&J Snack Foods Corp. has a twelve month low of $116.60 and a twelve month high of $180.80. The stock has a 50-day moving average of $134.43 and a 200 day moving average of $155.38. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 30.12 and a beta of 0.66.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data 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 analysts predict that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.78 per share. The ex-dividend date is Tuesday, March 18th. This represents a $3.12 annualized dividend and a yield of 2.39%. J&J Snack Foods’s dividend payout ratio is presently 71.89%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JJSF. Jefferies Financial Group reduced their price objective on 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. Benchmark reiterated 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.

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.