J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC cut its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,693 shares of the company’s stock after selling 278 shares during the quarter. Confluence Investment Management LLC owned about 0.11% of J&J Snack Foods worth $3,365,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of J&J Snack Foods by 39,000.0% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after purchasing an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in J&J Snack Foods in the second quarter worth approximately $76,000. GAMMA Investing LLC increased its holdings 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 buying an additional 88 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of J&J Snack Foods during the 2nd quarter valued at $114,000. Finally, nVerses Capital LLC acquired a new position in shares of J&J Snack Foods in the 3rd quarter worth $120,000. Institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Price Performance

Shares of JJSF opened at $153.79 on Friday. J&J Snack Foods Corp. has a one year low of $133.23 and a one year high of $180.80. The company has a 50-day moving average of $166.63 and a two-hundred day moving average of $167.26. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 34.56 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.25). The firm had revenue of $426.76 million during 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 revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.73 EPS. Analysts anticipate that J&J Snack Foods Corp. will post 5.49 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.03%. The ex-dividend date is Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio is currently 70.11%.

Analyst Upgrades and Downgrades

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

J&J Snack Foods Company 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.