ExodusPoint Capital Management LP Sells 1,148 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

ExodusPoint Capital Management LP lowered its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 20.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,397 shares of the company’s stock after selling 1,148 shares during the quarter. ExodusPoint Capital Management LP’s holdings in J&J Snack Foods were worth $682,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in J&J Snack Foods in the fourth quarter worth $28,647,000. JPMorgan Chase & Co. boosted its position in shares of J&J Snack Foods by 60.6% during the 4th quarter. JPMorgan Chase & Co. now owns 71,571 shares of the company’s stock worth $11,103,000 after purchasing an additional 26,999 shares in the last quarter. Barclays PLC grew its stake in shares of J&J Snack Foods by 434.0% in the 3rd quarter. Barclays PLC now owns 30,065 shares of the company’s stock valued at $5,175,000 after buying an additional 24,435 shares during the period. Vanguard Group Inc. increased its position in J&J Snack Foods by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company’s stock valued at $256,457,000 after buying an additional 20,238 shares in the last quarter. Finally, State Street Corp raised its stake in J&J Snack Foods by 2.9% during the 3rd quarter. State Street Corp now owns 602,295 shares of the company’s stock worth $104,140,000 after buying an additional 17,062 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.

J&J Snack Foods Price Performance

JJSF opened at $134.50 on Friday. J&J Snack Foods Corp. has a fifty-two week low of $116.60 and a fifty-two week high of $180.80. The firm has a market capitalization of $2.62 billion, a PE ratio of 30.99 and a beta of 0.48. The company’s 50-day moving average is $130.56 and its 200 day moving average is $150.47.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. As a group, analysts expect that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 71.89%.

Wall Street Analyst Weigh In

JJSF has been the subject of a number of research reports. Jefferies Financial Group reduced their price objective on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a research report on Tuesday, February 4th.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.