UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.73 Million Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 12.9% in the third quarter, HoldingsChannel.com reports. The fund owned 27,486 shares of the company’s stock after selling 4,057 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in J&J Snack Foods were worth $4,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of J&J Snack Foods by 39,000.0% in the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock valued at $63,000 after purchasing an additional 390 shares during the period. GAMMA Investing LLC raised its position in shares of J&J Snack Foods by 24.0% in the third quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $78,000 after purchasing an additional 88 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of J&J Snack Foods in the second quarter valued at about $76,000. Canada Pension Plan Investment Board bought a new position in shares of J&J Snack Foods in the second quarter valued at about $114,000. Finally, nVerses Capital LLC bought a new position in shares of J&J Snack Foods in the third quarter valued at about $120,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

J&J Snack Foods Stock Performance

NASDAQ:JJSF opened at $169.22 on Thursday. J&J Snack Foods Corp. has a 52 week low of $133.23 and a 52 week high of $180.80. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 38.03 and a beta of 0.64. The firm’s 50-day simple moving average is $169.09 and its 200 day simple moving average is $167.69.

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 analysts’ consensus estimates of $1.85 by ($0.25). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The business had revenue of $426.76 million for the quarter, compared to the consensus estimate of $428.33 million. During the same period in the prior year, the business posted $1.73 earnings per share. J&J Snack Foods’s revenue was down 3.9% compared to the same quarter last year. Sell-side analysts anticipate that J&J Snack Foods Corp. will post 5.49 EPS for the current year.

J&J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio is currently 70.11%.

Wall Street Analysts Forecast Growth

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

About J&J Snack Foods

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.