Choate Investment Advisors Sells 2,130 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Choate Investment Advisors reduced its position in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 61.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,353 shares of the company's stock after selling 2,130 shares during the period. Choate Investment Advisors' holdings in J&J Snack Foods were worth $210,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp raised its holdings in J&J Snack Foods by 2.9% in the 3rd quarter. State Street Corp now owns 602,295 shares of the company's stock valued at $104,140,000 after acquiring an additional 17,062 shares during the period. Champlain Investment Partners LLC grew its position in shares of J&J Snack Foods by 2.2% in the third quarter. Champlain Investment Partners LLC now owns 377,750 shares of the company's stock valued at $65,018,000 after purchasing an additional 8,187 shares during the last quarter. DAVENPORT & Co LLC increased 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in J&J Snack Foods by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 185,669 shares of the company's stock worth $28,803,000 after purchasing an additional 1,564 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in J&J Snack Foods by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 75,797 shares of the company's stock valued at $11,758,000 after purchasing an additional 2,205 shares during the period. Institutional investors own 76.04% of the company's stock.

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Analyst Ratings Changes

JJSF has been the topic of several recent research reports. Benchmark reiterated 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. Jefferies Financial Group lowered 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 report on Tuesday, February 18th.

J&J Snack Foods Stock Performance

Shares of NASDAQ JJSF traded down $1.30 during midday trading on Friday, reaching $126.71. The company's stock had a trading volume of 295,303 shares, compared to its average volume of 94,206. The company has a market cap of $2.47 billion, a P/E ratio of 29.20 and a beta of 0.66. J&J Snack Foods Corp. has a fifty-two week low of $116.60 and a fifty-two week high of $180.80. The business's 50 day moving average price is $133.74 and its two-hundred day moving average price is $154.90.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. Sell-side analysts forecast 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.78 per share. The ex-dividend date is Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.46%. J&J Snack Foods's payout ratio is 71.89%.

J&J Snack Foods 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.