SG Americas Securities LLC Reduces Stock Position in J & J Snack Foods Corp. $JJSF

SG Americas Securities LLC trimmed its holdings in J & J Snack Foods Corp. (NASDAQ:JJSF) by 81.6% in the first quarter, Holdings Channel reports. The institutional investor owned 8,972 shares of the company’s stock after selling 39,883 shares during the quarter. SG Americas Securities LLC’s holdings in J & J Snack Foods were worth $711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of JJSF. Allworth Financial LP lifted its holdings in J & J Snack Foods by 485.1% during the 4th quarter. Allworth Financial LP now owns 275 shares of the company’s stock worth $25,000 after purchasing an additional 228 shares in the last quarter. Global Retirement Partners LLC grew its stake in J & J Snack Foods by 1,133.3% during the fourth quarter. Global Retirement Partners LLC now owns 333 shares of the company’s stock valued at $30,000 after acquiring an additional 306 shares in the last quarter. IFP Advisors Inc increased its holdings in J & J Snack Foods by 1,450.0% during the 4th quarter. IFP Advisors Inc now owns 341 shares of the company’s stock worth $31,000 after acquiring an additional 319 shares during the period. Smartleaf Asset Management LLC lifted its stake in J & J Snack Foods by 58.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 404 shares of the company’s stock worth $36,000 after purchasing an additional 149 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in J & J Snack Foods by 897.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 439 shares of the company’s stock worth $40,000 after purchasing an additional 395 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JJSF. Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a research note on Wednesday, June 24th. Benchmark dropped their price target on J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, Zacks Research lowered J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $120.00.

J & J Snack Foods Stock Performance

Shares of NASDAQ JJSF traded up $1.78 during trading hours on Tuesday, hitting $77.70. The company’s stock had a trading volume of 4,010 shares, compared to its average volume of 267,725. The business has a 50-day simple moving average of $76.27 and a 200-day simple moving average of $82.71. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 25.85 and a beta of 0.38. J & J Snack Foods Corp. has a 12 month low of $68.87 and a 12 month high of $129.24.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. J & J Snack Foods had a return on equity of 9.01% and a net margin of 3.75%.The firm had revenue of $344.82 million for the quarter, compared to analyst estimates of $349.67 million. During the same period last year, the company earned $0.35 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts forecast that J & J Snack Foods Corp. will post 4 EPS for the current year.

J & J Snack Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 16th will be issued a $0.80 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $3.20 annualized dividend and a yield of 4.1%. J & J Snack Foods’s dividend payout ratio (DPR) is 107.38%.

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.