Aristotle Capital Boston LLC Decreases Stock Position in J & J Snack Foods Corp. $JJSF

Aristotle Capital Boston LLC reduced its position in J & J Snack Foods Corp. (NASDAQ:JJSF) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,906 shares of the company’s stock after selling 12,202 shares during the quarter. Aristotle Capital Boston LLC’s holdings in J & J Snack Foods were worth $10,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of JJSF. AQR Capital Management LLC purchased a new stake in J & J Snack Foods in the first quarter worth $228,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in J & J Snack Foods by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,079 shares of the company’s stock worth $1,196,000 after buying an additional 397 shares during the last quarter. Millennium Management LLC increased its position in J & J Snack Foods by 122.1% in the first quarter. Millennium Management LLC now owns 72,625 shares of the company’s stock worth $9,566,000 after buying an additional 39,933 shares during the last quarter. NewEdge Advisors LLC increased its position in J & J Snack Foods by 49.6% in the first quarter. NewEdge Advisors LLC now owns 3,376 shares of the company’s stock worth $445,000 after buying an additional 1,120 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of J & J Snack Foods by 465.8% in the first quarter. Jane Street Group LLC now owns 25,746 shares of the company’s stock valued at $3,391,000 after purchasing an additional 21,196 shares in the last quarter. 76.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Benchmark reduced 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 report on Monday, May 11th. Zacks Research cut J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, J & J Snack Foods has a consensus rating of “Reduce” and an average price target of $120.00.

J & J Snack Foods Stock Performance

Shares of NASDAQ JJSF opened at $74.50 on Thursday. The stock has a market cap of $1.40 billion, a PE ratio of 25.00 and a beta of 0.38. J & J Snack Foods Corp. has a fifty-two week low of $68.87 and a fifty-two week high of $129.24. The stock has a fifty day moving average of $78.03 and a 200-day moving average of $84.36.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $344.82 million during the quarter, compared to analyst estimates of $349.67 million. J & J Snack Foods had a return on equity of 9.01% and a net margin of 3.75%.The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. On average, sell-side analysts predict that J & J Snack Foods Corp. will post 4.16 EPS for the current year.

J & J Snack Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $3.20 annualized dividend and a yield of 4.3%. J & J Snack Foods’s dividend payout ratio (DPR) is currently 107.38%.

About J & J Snack Foods

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.