OppenheimerFunds Inc. reduced its position in J & J Snack Foods Corp (NASDAQ:JJSF) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,392 shares of the company’s stock after selling 483 shares during the quarter. OppenheimerFunds Inc.’s holdings in J & J Snack Foods were worth $819,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in JJSF. Shelton Capital Management bought a new stake in J & J Snack Foods during the fourth quarter valued at approximately $204,000. CIBC Asset Management Inc bought a new stake in J & J Snack Foods during the fourth quarter valued at approximately $207,000. Bruderman Asset Management LLC bought a new stake in J & J Snack Foods during the fourth quarter valued at approximately $216,000. Teton Advisors Inc. bought a new stake in J & J Snack Foods during the fourth quarter valued at approximately $228,000. Finally, K.J. Harrison & Partners Inc bought a new stake in J & J Snack Foods during the fourth quarter valued at approximately $304,000. Institutional investors own 68.89% of the company’s stock.
Several equities research analysts have issued reports on the stock. CL King assumed coverage on shares of J & J Snack Foods in a research report on Tuesday, December 19th. They set a “buy” rating for the company. BidaskClub lowered shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, Jefferies Group reiterated a “hold” rating and set a $135.00 target price on shares of J & J Snack Foods in a research report on Tuesday, January 30th.
J & J Snack Foods (NASDAQ:JJSF) last announced its 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). The company had revenue of $265.20 million for the quarter, compared to the consensus estimate of $253.95 million. J & J Snack Foods had a net margin of 9.07% and a return on equity of 11.79%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. equities analysts expect that J & J Snack Foods Corp will post 4.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Thursday, March 15th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.32%. J & J Snack Foods’s payout ratio is 33.21%.
In other news, insider Robert M. Radano sold 5,250 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 21.00% of the company’s stock.
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J & J Snack Foods Company 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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