J & J Snack Foods Corp (JJSF) Stake Lessened by Virtus Fund Advisers LLC

Virtus Fund Advisers LLC decreased its position in J & J Snack Foods Corp (NASDAQ:JJSF) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 96,259 shares of the company’s stock after selling 3,525 shares during the period. Virtus Fund Advisers LLC owned about 0.52% of J & J Snack Foods worth $14,658,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. California Public Employees Retirement System grew its holdings in shares of J & J Snack Foods by 1.9% in the second quarter. California Public Employees Retirement System now owns 21,100 shares of the company’s stock worth $2,787,000 after purchasing an additional 400 shares during the last quarter. Legal & General Group Plc lifted its position in J & J Snack Foods by 1.6% during the third quarter. Legal & General Group Plc now owns 29,342 shares of the company’s stock valued at $3,852,000 after buying an additional 450 shares during the period. Bessemer Group Inc. lifted its position in J & J Snack Foods by 2.6% during the third quarter. Bessemer Group Inc. now owns 18,254 shares of the company’s stock valued at $2,396,000 after buying an additional 456 shares during the period. Victory Capital Management Inc. lifted its position in J & J Snack Foods by 23.8% during the third quarter. Victory Capital Management Inc. now owns 2,386 shares of the company’s stock valued at $313,000 after buying an additional 458 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in J & J Snack Foods by 5.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 9,561 shares of the company’s stock valued at $1,452,000 after buying an additional 458 shares during the period. Hedge funds and other institutional investors own 68.46% of the company’s stock.

In related news, insider Robert M. Radano sold 5,250 shares of J & J Snack Foods stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $139.34, for a total value of $731,535.00. Following the completion of the sale, the insider now directly owns 99,872 shares in the company, valued at approximately $13,916,164.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 21.00% of the stock is currently owned by company insiders.

JJSF has been the subject of several recent analyst reports. Zacks Investment Research raised J & J Snack Foods from a “hold” rating to a “buy” rating and set a $156.00 price target for the company in a research report on Saturday, February 3rd. CL King initiated coverage on J & J Snack Foods in a research report on Tuesday, December 19th. They issued a “buy” rating for the company. BidaskClub raised J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Jefferies Group set a $130.00 price target on J & J Snack Foods and gave the stock a “hold” rating in a research report on Thursday, November 16th.

J & J Snack Foods Corp (JJSF) opened at $138.60 on Wednesday. The stock has a market capitalization of $2,598.18, a PE ratio of 32.65 and a beta of 0.65. J & J Snack Foods Corp has a 52-week low of $121.20 and a 52-week high of $157.33.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, January 29th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). J & J Snack Foods had a return on equity of 11.79% and a net margin of 9.07%. The company had revenue of $265.20 million during the quarter, compared to analysts’ expectations of $253.95 million. During the same period in the prior year, the firm earned $0.72 EPS. J & J Snack Foods’s revenue for the quarter was up 17.6% compared to the same quarter last year. analysts predict that J & J Snack Foods Corp will post 4.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Thursday, March 15th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.80 annualized dividend and a yield of 1.30%. J & J Snack Foods’s payout ratio is 33.21%.

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J & J Snack Foods Profile

J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.

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Institutional Ownership by Quarter for J & J Snack Foods (NASDAQ:JJSF)

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