Renaissance Technologies LLC Reduces Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Renaissance Technologies LLC lowered its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 45.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,156 shares of the company's stock after selling 34,550 shares during the period. Renaissance Technologies LLC owned 0.22% of J&J Snack Foods worth $6,540,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings 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 during the period. Thrivent Financial for Lutherans boosted its position in shares of J&J Snack Foods by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company's stock worth $100,060,000 after acquiring an additional 2,357 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in J&J Snack Foods by 5.8% in the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company's stock valued at $38,596,000 after purchasing an additional 13,653 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its position in J&J Snack Foods by 4.0% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 234,716 shares of the company's stock worth $36,411,000 after purchasing an additional 9,103 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in J&J Snack Foods by 0.8% during the fourth 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. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J&J Snack Foods Stock Performance

JJSF traded down $1.05 on Wednesday, reaching $135.44. 100,523 shares of the company's stock were exchanged, compared to its average volume of 102,583. J&J Snack Foods Corp. has a twelve month low of $116.60 and a twelve month high of $180.80. The company's 50 day moving average is $131.94 and its 200-day moving average is $148.62. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 31.21 and a beta of 0.48.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share (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%. Sell-side analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Announces Dividend

The business also recently disclosed 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 2.30%. The ex-dividend date of this dividend was Tuesday, March 18th. J&J Snack Foods's dividend payout ratio (DPR) is presently 71.89%.

Analysts Set New Price Targets

A number of brokerages have weighed in on JJSF. Benchmark reiterated a "buy" rating and issued a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, February 4th. Jefferies Financial Group reduced their target price on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th.

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.