Neuberger Berman Group LLC reduced its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 787,841 shares of the company’s stock after selling 32,070 shares during the period. Neuberger Berman Group LLC owned 4.20% of J & J Snack Foods Corp. worth $104,050,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in JJSF. BlackRock Inc. raised its stake in J & J Snack Foods Corp. by 136,379.7% in the first quarter. BlackRock Inc. now owns 1,798,803 shares of the company’s stock valued at $243,846,000 after buying an additional 1,797,485 shares during the period. Vanguard Group Inc. raised its stake in J & J Snack Foods Corp. by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,504,365 shares of the company’s stock valued at $203,931,000 after buying an additional 90,593 shares during the period. Macquarie Group Ltd. raised its stake in J & J Snack Foods Corp. by 6.1% in the first quarter. Macquarie Group Ltd. now owns 589,463 shares of the company’s stock valued at $79,908,000 after buying an additional 33,744 shares during the period. Dimensional Fund Advisors LP raised its stake in J & J Snack Foods Corp. by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 440,420 shares of the company’s stock valued at $59,703,000 after buying an additional 1,274 shares during the period. Finally, State Street Corp raised its stake in J & J Snack Foods Corp. by 7.1% in the first quarter. State Street Corp now owns 365,416 shares of the company’s stock valued at $49,534,000 after buying an additional 24,070 shares during the period. 67.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of J & J Snack Foods Corp. (NASDAQ:JJSF) opened at 126.16 on Wednesday. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 31.46 and a beta of 0.72. The stock’s 50 day moving average price is $129.61 and its 200-day moving average price is $132.34. J & J Snack Foods Corp. has a 52 week low of $102.81 and a 52 week high of $143.21.

J & J Snack Foods Corp. (NASDAQ:JJSF) last issued its earnings results on Monday, July 24th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by $0.15. J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The firm had revenue of $295.40 million during the quarter, compared to the consensus estimate of $297.83 million. During the same period last year, the firm posted $1.43 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts predict that J & J Snack Foods Corp. will post $4.19 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Thursday, September 14th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.68 annualized dividend and a dividend yield of 1.33%. J & J Snack Foods Corp.’s dividend payout ratio (DPR) is 41.90%.

J & J Snack Foods Corp. declared that its board has approved a stock buyback program on Friday, August 4th that authorizes the company to repurchase 500,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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JJSF has been the topic of several research analyst reports. BidaskClub raised J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research lowered J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 26th.

About J & J Snack Foods Corp.

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 Corp. (NASDAQ:JJSF)

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