Aristotle Capital Boston LLC Has $10.75 Million Stock Holdings in J & J Snack Foods Corp. $JJSF

Aristotle Capital Boston LLC decreased its holdings in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,906 shares of the company’s stock after selling 12,202 shares during the period. Aristotle Capital Boston LLC owned 0.63% of J & J Snack Foods worth $10,746,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JJSF. Royce & Associates LP bought a new stake in shares of J & J Snack Foods during the 4th quarter valued at about $29,596,000. Goldman Sachs Group Inc. boosted its position in shares of J & J Snack Foods by 295.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 171,718 shares of the company’s stock valued at $15,518,000 after purchasing an additional 128,301 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of J & J Snack Foods by 962.0% during the 3rd quarter. Two Sigma Investments LP now owns 107,202 shares of the company’s stock valued at $10,301,000 after purchasing an additional 97,108 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of J & J Snack Foods by 3,379.2% during the 4th quarter. Russell Investments Group Ltd. now owns 87,016 shares of the company’s stock valued at $7,864,000 after purchasing an additional 84,515 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of J & J Snack Foods during the 3rd quarter valued at about $7,045,000. Institutional investors own 76.04% of the company’s stock.

J & J Snack Foods Stock Performance

Shares of NASDAQ:JJSF opened at $74.50 on Thursday. The business’s 50 day simple moving average is $78.03 and its two-hundred day simple moving average is $84.36. The firm has a market cap of $1.40 billion, a P/E ratio of 25.00 and a beta of 0.38. J & J Snack Foods Corp. has a 52-week low of $68.87 and a 52-week high of $129.24.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The business had revenue of $344.82 million for the quarter, compared to analyst estimates of $349.67 million. J & J Snack Foods had a return on equity of 9.01% and a net margin of 3.75%.The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. On average, equities analysts forecast that J & J Snack Foods Corp. will post 4.16 earnings per share for the current fiscal year.

J & J Snack Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $3.20 annualized dividend and a dividend yield of 4.3%. J & J Snack Foods’s payout ratio is presently 107.38%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Benchmark cut their target price on J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Zacks Research lowered J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, J & J Snack Foods has an average rating of “Reduce” and an average price target of $120.00.

J & J Snack Foods Company Profile

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.