J & J Snack Foods Corp. $JJSF Shares Sold by EULAV Asset Management

EULAV Asset Management trimmed its holdings in J & J Snack Foods Corp. (NASDAQ:JJSF) by 36.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 39,600 shares of the company’s stock after selling 23,200 shares during the period. EULAV Asset Management owned approximately 0.20% of J & J Snack Foods worth $3,805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JJSF. Bank of Montreal Can lifted its stake in shares of J & J Snack Foods by 4.2% in the 2nd quarter. Bank of Montreal Can now owns 2,634 shares of the company’s stock valued at $299,000 after purchasing an additional 106 shares during the last quarter. RK Asset Management LLC raised its holdings in J & J Snack Foods by 0.5% in the 3rd quarter. RK Asset Management LLC now owns 29,948 shares of the company’s stock valued at $2,878,000 after buying an additional 144 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in J & J Snack Foods by 5.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,444 shares of the company’s stock valued at $391,000 after buying an additional 189 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in J & J Snack Foods by 7.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,996 shares of the company’s stock worth $453,000 after buying an additional 265 shares during the period. Finally, GAMMA Investing LLC boosted its stake in J & J Snack Foods by 38.0% during the third quarter. GAMMA Investing LLC now owns 966 shares of the company’s stock worth $93,000 after buying an additional 266 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Wall Street Analysts Forecast Growth

JJSF has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a report on Monday, December 29th. Zacks Research raised J & J Snack Foods from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Finally, Benchmark decreased their price target on J & J Snack Foods from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, J & J Snack Foods currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.50.

Insiders Place Their Bets

In other news, Director Kathleen E. Ciaramello bought 540 shares of J & J Snack Foods stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average price of $90.56 per share, with a total value of $48,902.40. Following the completion of the acquisition, the director directly owned 1,013 shares in the company, valued at $91,737.28. The trade was a 114.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.40% of the stock is currently owned by company insiders.

J & J Snack Foods Stock Up 1.0%

NASDAQ:JJSF opened at $98.37 on Friday. J & J Snack Foods Corp. has a 52 week low of $80.67 and a 52 week high of $146.67. The company has a fifty day simple moving average of $90.77 and a two-hundred day simple moving average of $100.34. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 29.36 and a beta of 0.34.

J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, November 17th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.34. J & J Snack Foods had a return on equity of 8.73% and a net margin of 4.14%.The firm had revenue of $410.24 million during the quarter, compared to analyst estimates of $424.08 million. During the same period last year, the business posted $1.60 earnings per share. J & J Snack Foods’s revenue was down 3.9% compared to the same quarter last year. On average, analysts expect that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, December 16th. J & J Snack Foods’s dividend payout ratio is presently 95.52%.

J & J Snack Foods 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.