EULAV Asset Management Sells 18,800 Shares of J & J Snack Foods Corp. $JJSF

EULAV Asset Management lessened its holdings in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 47.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,800 shares of the company’s stock after selling 18,800 shares during the quarter. EULAV Asset Management owned 0.11% of J & J Snack Foods worth $1,880,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP increased its stake in J & J Snack Foods by 485.1% during the 4th quarter. Allworth Financial LP now owns 275 shares of the company’s stock valued at $25,000 after purchasing an additional 228 shares in the last quarter. Global Retirement Partners LLC increased its stake in J & J Snack Foods by 1,133.3% during the 4th quarter. Global Retirement Partners LLC now owns 333 shares of the company’s stock valued at $30,000 after purchasing an additional 306 shares in the last quarter. IFP Advisors Inc increased its stake in J & J Snack Foods by 1,450.0% during the 4th quarter. IFP Advisors Inc now owns 341 shares of the company’s stock valued at $31,000 after purchasing an additional 319 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in J & J Snack Foods by 902.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 351 shares of the company’s stock valued at $40,000 after purchasing an additional 316 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in J & J Snack Foods by 897.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 439 shares of the company’s stock valued at $40,000 after purchasing an additional 395 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.

J & J Snack Foods Price Performance

NASDAQ JJSF opened at $75.42 on Friday. J & J Snack Foods Corp. has a 1 year low of $68.87 and a 1 year high of $129.24. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 25.31 and a beta of 0.38. The company has a fifty day moving average price of $78.39 and a 200-day moving average price of $85.11.

J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Wednesday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. J & J Snack Foods had a net margin of 3.75% and a return on equity of 9.01%. The firm had revenue of $344.82 million during the quarter, compared to analyst estimates of $349.67 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. On average, research analysts anticipate that J & J Snack Foods Corp. will post 4.16 EPS for the current fiscal year.

J & J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 16th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 16th. J & J Snack Foods’s payout ratio is 107.38%.

Analysts Set New Price Targets

JJSF has been the subject of a number of recent research reports. Zacks Research lowered shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of J & J Snack Foods in a research note on Friday, March 27th. Finally, Benchmark reduced their target price on shares of J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, J & J Snack Foods presently has a consensus rating of “Reduce” and an average target price of $120.00.

About J & J Snack Foods

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.