J & J Snack Foods Corp (JJSF) Shares Sold by Ranger Investment Management L.P.
Ranger Investment Management L.P. reduced its stake in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,280 shares of the company’s stock after selling 6,335 shares during the quarter. Ranger Investment Management L.P.’s holdings in J & J Snack Foods were worth $19,780,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of JJSF. Shelton Capital Management bought a new stake in shares of J & J Snack Foods during the 4th quarter valued at $204,000. CIBC Asset Management Inc bought a new stake in shares of J & J Snack Foods during the 4th quarter valued at $207,000. Bruderman Asset Management LLC bought a new stake in shares of J & J Snack Foods during the 4th quarter valued at $216,000. Teton Advisors Inc. bought a new stake in shares of J & J Snack Foods during the 4th quarter valued at $228,000. Finally, K.J. Harrison & Partners Inc bought a new stake in shares of J & J Snack Foods during the 4th quarter valued at $304,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.
JJSF has been the topic of a number of research reports. Zacks Investment Research upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. BidaskClub upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Jefferies Group restated a “hold” rating and set a $135.00 target price on shares of J & J Snack Foods in a report on Tuesday, January 30th. Finally, CL King initiated coverage on shares of J & J Snack Foods in a report on Tuesday, December 19th. They set a “buy” rating on the stock.
Shares of J & J Snack Foods Corp (NASDAQ:JJSF) opened at $137.22 on Monday. J & J Snack Foods Corp has a fifty-two week low of $121.20 and a fifty-two week high of $157.33. The company has a market cap of $2,563.06, a price-to-earnings ratio of 25.32 and a beta of 0.66.
J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Monday, January 29th. The company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.02). The business had revenue of $265.20 million for the quarter, compared to the consensus estimate of $253.95 million. J & J Snack Foods had a net margin of 9.07% and a return on equity of 11.79%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. equities analysts forecast that J & J Snack Foods Corp will post 4.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Thursday, March 15th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, March 14th. J & J Snack Foods’s payout ratio is 33.21%.
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J & J Snack Foods Profile
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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