J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 37.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,440 shares of the company's stock after selling 11,173 shares during the quarter. Russell Investments Group Ltd. owned 0.09% of J&J Snack Foods worth $2,861,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in shares of J&J Snack Foods by 163.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock worth $50,000 after acquiring an additional 198 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of J&J Snack Foods during the fourth quarter worth approximately $74,000. Huntington National Bank increased its stake in shares of J&J Snack Foods by 25.4% in the fourth quarter. Huntington National Bank now owns 513 shares of the company's stock worth $80,000 after buying an additional 104 shares during the last quarter. Blue Trust Inc. raised its holdings in J&J Snack Foods by 27.4% in the fourth quarter. Blue Trust Inc. now owns 498 shares of the company's stock valued at $86,000 after acquiring an additional 107 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake 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 acquiring an additional 149 shares during the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

J&J Snack Foods Price Performance

Shares of JJSF stock traded down $0.83 on Tuesday, hitting $136.10. 57,437 shares of the stock traded hands, compared to its average volume of 102,014. The company's fifty day moving average is $131.82 and its 200 day moving average is $148.85. J&J Snack Foods Corp. has a 1-year low of $116.60 and a 1-year high of $180.80. The company has a market capitalization of $2.65 billion, a PE ratio of 31.36 and a beta of 0.48.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates 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, equities research analysts expect that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th were issued a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.29%. J&J Snack Foods's dividend payout ratio is currently 71.89%.

Wall Street Analysts Forecast Growth

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

About J&J Snack Foods

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.