Janus Henderson Group PLC cut its position in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 16.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 369,922 shares of the company’s stock after selling 74,454 shares during the quarter. Janus Henderson Group PLC owned about 1.98% of J & J Snack Foods worth $48,572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JJSF. Pinebridge Investments L.P. raised its stake in J & J Snack Foods by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 1,973 shares of the company’s stock valued at $260,000 after buying an additional 21 shares during the last quarter. 1st Global Advisors Inc. raised its stake in J & J Snack Foods by 1.3% during the second quarter. 1st Global Advisors Inc. now owns 3,003 shares of the company’s stock valued at $397,000 after buying an additional 39 shares during the last quarter. Amalgamated Bank raised its stake in J & J Snack Foods by 4.9% during the second quarter. Amalgamated Bank now owns 2,082 shares of the company’s stock valued at $275,000 after buying an additional 98 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in J & J Snack Foods by 3.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,530 shares of the company’s stock valued at $466,000 after buying an additional 120 shares during the last quarter. Finally, Martingale Asset Management L P raised its stake in J & J Snack Foods by 0.5% during the second quarter. Martingale Asset Management L P now owns 42,103 shares of the company’s stock valued at $5,561,000 after buying an additional 200 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

J & J Snack Foods Corp (NASDAQ:JJSF) opened at $150.71 on Monday. The stock has a market capitalization of $2,812.85, a price-to-earnings ratio of 35.88 and a beta of 0.81. J & J Snack Foods Corp has a one year low of $121.20 and a one year high of $154.02.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Thursday, November 9th. The company reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. J & J Snack Foods had a return on equity of 11.91% and a net margin of 7.30%. The firm had revenue of $316.73 million during the quarter, compared to analysts’ expectations of $287.91 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. The company’s revenue was up 20.8% on a year-over-year basis. analysts expect that J & J Snack Foods Corp will post 4.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 13th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. This is a boost from J & J Snack Foods’s previous quarterly dividend of $0.42. J & J Snack Foods’s payout ratio is currently 42.86%.

A number of research analysts have issued reports on JJSF shares. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Jefferies Group set a $125.00 price objective on J & J Snack Foods and gave the company a “hold” rating in a research note on Sunday, October 29th.

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J & J Snack Foods Company 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.

Institutional Ownership by Quarter for J & J Snack Foods (NASDAQ:JJSF)

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