J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by Bernzott Capital Advisors

Bernzott Capital Advisors decreased its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,983 shares of the company's stock after selling 3,430 shares during the period. J&J Snack Foods makes up about 2.2% of Bernzott Capital Advisors' investment portfolio, making the stock its 27th largest position. Bernzott Capital Advisors owned 0.15% of J&J Snack Foods worth $4,496,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in J&J Snack Foods by 32.8% during the 4th quarter. GAMMA Investing LLC now owns 603 shares of the company's stock valued at $94,000 after purchasing an additional 149 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of J&J Snack Foods by 27.8% during the third quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company's stock worth $7,672,000 after acquiring an additional 9,703 shares during the period. Franklin Resources Inc. raised its position in J&J Snack Foods by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,546 shares of the company's stock valued at $259,000 after purchasing an additional 61 shares in the last quarter. Barclays PLC lifted its stake in J&J Snack Foods by 434.0% in the third quarter. Barclays PLC now owns 30,065 shares of the company's stock worth $5,175,000 after acquiring an additional 24,435 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of J&J Snack Foods by 40.1% during the third quarter. Jane Street Group LLC now owns 31,936 shares of the company's stock valued at $5,497,000 after purchasing an additional 9,134 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company's stock.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a "buy" rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research report on Friday, November 15th.

J&J Snack Foods Stock Down 0.7 %

Shares of NASDAQ:JJSF traded down $0.98 during trading on Friday, hitting $143.98. 74,029 shares of the stock traded hands, compared to its average volume of 97,857. The company has a fifty day moving average price of $162.11 and a two-hundred day moving average price of $165.87. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 32.36 and a beta of 0.66. J&J Snack Foods Corp. has a 52-week low of $133.23 and a 52-week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.85 by ($0.25). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The firm had revenue of $426.76 million during the quarter, compared to analyst estimates of $428.33 million. During the same period in the prior year, the firm earned $1.73 earnings per share. The business's revenue was down 3.9% on a year-over-year basis. On average, equities research analysts predict that J&J Snack Foods Corp. will post 5.49 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Tuesday, December 17th. J&J Snack Foods's dividend payout ratio is presently 70.11%.

J&J Snack Foods Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.