Corient Private Wealth LLC Sells 1,235 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Corient Private Wealth LLC lowered its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 34.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,395 shares of the company’s stock after selling 1,235 shares during the quarter. Corient Private Wealth LLC’s holdings in J&J Snack Foods were worth $372,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Jefferies Financial Group lowered 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 report on Tuesday, February 18th. Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

J&J Snack Foods Trading Down 0.4 %

NASDAQ JJSF opened at $130.14 on Monday. J&J Snack Foods Corp. has a 12 month low of $116.60 and a 12 month high of $180.80. The stock has a 50-day simple moving average of $131.84 and a 200 day simple moving average of $153.16. The company has a market capitalization of $2.54 billion, a PE ratio of 29.99 and a beta of 0.66.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, sell-side analysts predict that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio (DPR) is 71.89%.

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.