Loomis Sayles & Co. L P Lowers Stock Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Loomis Sayles & Co. L P lessened its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 34,608 shares of the company’s stock after selling 1,426 shares during the quarter. Loomis Sayles & Co. L P’s holdings in J&J Snack Foods were worth $5,957,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of J&J Snack Foods by 603.8% in the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock valued at $59,000 after buying an additional 314 shares during the period. Blue Trust Inc. raised its position in shares of J&J Snack Foods by 39,000.0% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after acquiring an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of J&J Snack Foods during the 2nd quarter worth about $76,000. Canada Pension Plan Investment Board acquired a new stake in shares of J&J Snack Foods during the 2nd quarter worth about $114,000. Finally, nVerses Capital LLC acquired a new stake in shares of J&J Snack Foods during the 3rd quarter worth about $120,000. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark reissued a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research report on Friday, November 15th.

J&J Snack Foods Stock Down 0.7 %

JJSF opened at $171.47 on Thursday. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 38.53 and a beta of 0.63. J&J Snack Foods Corp. has a 52 week low of $133.23 and a 52 week high of $180.80. The business’s 50 day moving average is $168.88 and its two-hundred day moving average is $167.13.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.25). The firm had revenue of $426.76 million for the quarter, compared to analyst estimates of $428.33 million. J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm earned $1.73 EPS. Equities analysts expect that J&J Snack Foods Corp. will post 5.49 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.82%. The ex-dividend date is Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio (DPR) is 70.11%.

Insiders Place Their Bets

In other news, Director Gerald B. Shreiber sold 20,000 shares of the business’s stock in a transaction that occurred on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 22.20% of the stock is currently owned by corporate insiders.

J&J Snack Foods Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.