SG Americas Securities LLC Reduces Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

SG Americas Securities LLC lessened its stake in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 64.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,335 shares of the company's stock after selling 2,429 shares during the period. SG Americas Securities LLC's holdings in J&J Snack Foods were worth $207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC raised its position in shares of J&J Snack Foods by 128.7% during the second quarter. Millennium Management LLC now owns 21,678 shares of the company's stock worth $3,520,000 after purchasing an additional 12,198 shares during the period. The Manufacturers Life Insurance Company raised its holdings in J&J Snack Foods by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 8,512 shares of the company's stock worth $1,382,000 after buying an additional 262 shares during the last quarter. Creative Planning lifted its stake in shares of J&J Snack Foods by 73.3% in the second quarter. Creative Planning now owns 4,597 shares of the company's stock valued at $746,000 after buying an additional 1,945 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of J&J Snack Foods during the second quarter valued at about $76,000. Finally, Handelsbanken Fonder AB increased its position in shares of J&J Snack Foods by 32.7% during the third quarter. Handelsbanken Fonder AB now owns 5,279 shares of the company's stock worth $909,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company's stock.

J&J Snack Foods Trading Up 1.6 %

Shares of JJSF stock traded up $1.98 during trading hours on Tuesday, hitting $127.07. 120,435 shares of the company were exchanged, compared to its average volume of 154,709. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 29.28 and a beta of 0.64. The firm has a fifty day simple moving average of $148.95 and a 200 day simple moving average of $161.85. J&J Snack Foods Corp. has a 52-week low of $116.60 and a 52-week high of $180.80.

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 return on equity of 9.84% and a net margin of 5.31%. Sell-side analysts anticipate that J&J Snack Foods Corp. will post 5.36 EPS for the current year.

J&J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Tuesday, December 17th. J&J Snack Foods's dividend payout ratio is 71.89%.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a "buy" rating and set a $200.00 price target on shares of J&J Snack Foods in a research note 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.