Guggenheim Capital LLC Trims Position in J & J Snack Foods (JJSF)

Guggenheim Capital LLC decreased its holdings in J & J Snack Foods (NASDAQ:JJSF) by 11.1% in the 4th quarter, Holdings Channel reports. The firm owned 10,633 shares of the company’s stock after selling 1,323 shares during the period. Guggenheim Capital LLC’s holdings in J & J Snack Foods were worth $1,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its position in J & J Snack Foods by 1.9% in the 4th quarter. BlackRock Inc. now owns 1,864,547 shares of the company’s stock valued at $283,094,000 after purchasing an additional 35,505 shares during the last quarter. Standard Life Aberdeen plc raised its position in J & J Snack Foods by 5.3% in the 4th quarter. Standard Life Aberdeen plc now owns 320,650 shares of the company’s stock valued at $48,684,000 after purchasing an additional 16,208 shares during the last quarter. Acadian Asset Management LLC raised its position in J & J Snack Foods by 9.2% in the 4th quarter. Acadian Asset Management LLC now owns 138,848 shares of the company’s stock valued at $21,080,000 after purchasing an additional 11,695 shares during the last quarter. Geode Capital Management LLC raised its position in J & J Snack Foods by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 137,310 shares of the company’s stock valued at $20,847,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in J & J Snack Foods by 6.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 98,066 shares of the company’s stock valued at $14,890,000 after purchasing an additional 5,879 shares during the last quarter. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Shares of JJSF opened at $142.07 on Friday. The firm has a market capitalization of $2,689.14, a price-to-earnings ratio of 33.75, a PEG ratio of 2.90 and a beta of 0.59. J & J Snack Foods has a 1 year low of $124.10 and a 1 year high of $157.33.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, January 29th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). The firm had revenue of $265.20 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. equities research analysts anticipate that J & J Snack Foods will post 4.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 4th. Shareholders of record on Thursday, March 15th were paid a $0.45 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $1.80 annualized dividend and a yield of 1.27%. J & J Snack Foods’s dividend payout ratio is currently 42.76%.

In other J & J Snack Foods news, insider Robert M. Radano sold 5,250 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $139.34, for a total value of $731,535.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 21.00% of the company’s stock.

JJSF has been the subject of several research reports. BidaskClub downgraded shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Jefferies Group reissued a “hold” rating and issued a $135.00 price objective on shares of J & J Snack Foods in a research note on Tuesday, January 30th. Finally, KeyCorp started coverage on shares of J & J Snack Foods in a research note on Wednesday, March 28th. They issued a “sector weight” rating on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. J & J Snack Foods currently has an average rating of “Buy” and an average target price of $145.50.

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J & J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.

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Institutional Ownership by Quarter for J & J Snack Foods (NASDAQ:JJSF)

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