SG Americas Securities LLC Has $711,000 Stock Holdings in J & J Snack Foods Corp. $JJSF

SG Americas Securities LLC decreased its holdings in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 81.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in J & J Snack Foods by 1.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,739,411 shares of the company’s stock valued at $157,451,000 after purchasing an additional 26,975 shares during the period. Vanguard Group Inc. raised its position in shares of J & J Snack Foods by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 2,000,911 shares of the company’s stock worth $180,822,000 after acquiring an additional 31,612 shares during the last quarter. Phocas Financial Corp. acquired a new position in shares of J & J Snack Foods in the fourth quarter worth approximately $3,647,000. First Trust Advisors LP lifted its stake in shares of J & J Snack Foods by 19.9% in the third quarter. First Trust Advisors LP now owns 404,461 shares of the company’s stock worth $38,865,000 after acquiring an additional 67,028 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in J & J Snack Foods by 638.5% in the fourth quarter. Ballentine Partners LLC now owns 16,211 shares of the company’s stock valued at $1,465,000 after acquiring an additional 14,016 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J & J Snack Foods Price Performance

Shares of NASDAQ JJSF traded up $1.78 during trading on Tuesday, hitting $77.70. The stock had a trading volume of 4,010 shares, compared to its average volume of 267,725. J & J Snack Foods Corp. has a 12 month low of $68.87 and a 12 month high of $129.24. The company has a market capitalization of $1.46 billion, a PE ratio of 25.85 and a beta of 0.38. The firm has a fifty day moving average of $76.27 and a two-hundred day moving average of $82.71.

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

J & J Snack Foods Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.