Champlain Investment Partners LLC Sells 20,865 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Champlain Investment Partners LLC lowered its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 356,885 shares of the company's stock after selling 20,865 shares during the quarter. Champlain Investment Partners LLC owned about 1.83% of J&J Snack Foods worth $55,364,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JJSF. Norges Bank acquired a new position in J&J Snack Foods during the fourth quarter valued at approximately $28,647,000. JPMorgan Chase & Co. lifted its holdings 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 valued at $11,103,000 after acquiring an additional 26,999 shares in the last quarter. Barclays PLC increased its holdings in 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 purchasing an additional 24,435 shares in the last quarter. Vanguard Group Inc. raised its position in J&J Snack Foods by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock valued at $256,457,000 after purchasing an additional 20,238 shares during the period. Finally, DAVENPORT & Co LLC lifted its stake in shares of J&J Snack Foods by 5.8% during the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company's stock worth $38,596,000 after purchasing an additional 13,653 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on JJSF shares. Jefferies Financial Group dropped their price target on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research note on Tuesday, February 18th. Benchmark reaffirmed a "buy" rating and set a $200.00 price objective on shares of J&J Snack Foods in a research report on Tuesday, February 4th.

J&J Snack Foods Stock Down 1.4 %

NASDAQ:JJSF traded down $1.95 during trading hours on Wednesday, reaching $134.54. 59,381 shares of the company's stock were exchanged, compared to its average volume of 102,414. The company has a market capitalization of $2.62 billion, a P/E ratio of 31.00 and a beta of 0.48. The business's 50-day simple moving average is $131.94 and its two-hundred day simple moving average is $148.62. J&J Snack Foods Corp. has a 12 month low of $116.60 and a 12 month high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings results 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, sell-side analysts anticipate that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.32%. The ex-dividend date was Tuesday, March 18th. J&J Snack Foods's dividend payout ratio is 71.89%.

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.