J & J Snack Foods Corp (JJSF) Position Lessened by William Blair Investment Management LLC

William Blair Investment Management LLC cut its holdings in J & J Snack Foods Corp (NASDAQ:JJSF) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,789 shares of the company’s stock after selling 1,902 shares during the quarter. William Blair Investment Management LLC owned approximately 0.95% of J & J Snack Foods worth $26,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shelton Capital Management bought a new stake in J & J Snack Foods during the 4th quarter valued at approximately $204,000. CIBC Asset Management Inc bought a new stake in J & J Snack Foods during the 4th quarter valued at approximately $207,000. Bruderman Asset Management LLC bought a new stake in J & J Snack Foods during the 4th quarter valued at approximately $216,000. Teton Advisors Inc. bought a new stake in J & J Snack Foods during the 4th quarter valued at approximately $228,000. Finally, Two Sigma Advisers LP bought a new stake in J & J Snack Foods during the 4th quarter valued at approximately $235,000. 68.89% of the stock is currently owned by institutional investors.

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Shares of J & J Snack Foods stock opened at $132.01 on Friday. The firm has a market capitalization of $2,465.68, a P/E ratio of 24.36 and a beta of 0.66. J & J Snack Foods Corp has a 12-month low of $121.20 and a 12-month high of $157.33.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Monday, January 29th. The company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.02). The firm had revenue of $265.20 million for the quarter, compared to the consensus estimate of $253.95 million. J & J Snack Foods had a net margin of 9.07% and a return on equity of 11.79%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. equities analysts predict that J & J Snack Foods Corp will post 4.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Thursday, March 15th will be given a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.36%. J & J Snack Foods’s dividend payout ratio is currently 33.21%.

In other news, insider Robert M. Radano sold 5,250 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $139.34, for a total value of $731,535.00. Following the sale, the insider now directly owns 99,872 shares of the company’s stock, valued at approximately $13,916,164.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 21.00% of the company’s stock.

Several analysts have weighed in on the company. BidaskClub cut J & J Snack Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Jefferies Group reaffirmed a “hold” rating and set a $135.00 price objective on shares of J & J Snack Foods in a research report on Tuesday, January 30th. Finally, CL King assumed coverage on J & J Snack Foods in a research report on Tuesday, December 19th. They set a “buy” rating on the stock.

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About J & J Snack Foods

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 (NASDAQ:JJSF)

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