EntryPoint Capital LLC Sells 129 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

EntryPoint Capital LLC decreased its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,863 shares of the company’s stock after selling 129 shares during the quarter. EntryPoint Capital LLC’s holdings in J&J Snack Foods were worth $289,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. ICW Investment Advisors LLC raised its position in shares of J&J Snack Foods by 5.5% in the 4th quarter. ICW Investment Advisors LLC now owns 4,979 shares of the company’s stock valued at $772,000 after acquiring an additional 259 shares during the period. Vanguard Group Inc. raised its holdings in J&J Snack Foods by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company’s stock worth $256,457,000 after purchasing an additional 20,238 shares during the period. Bridge City Capital LLC boosted its position in shares of J&J Snack Foods by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 16,571 shares of the company’s stock worth $2,571,000 after purchasing an additional 147 shares in the last quarter. LPL Financial LLC grew its holdings in shares of J&J Snack Foods by 15.1% in the 4th quarter. LPL Financial LLC now owns 4,314 shares of the company’s stock valued at $669,000 after buying an additional 567 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of J&J Snack Foods in the 4th quarter valued at $530,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

J&J Snack Foods Stock Up 2.4 %

Shares of JJSF stock opened at $130.68 on Friday. J&J Snack Foods Corp. has a 12-month low of $116.60 and a 12-month high of $180.80. The firm has a fifty day moving average of $132.12 and a 200-day moving average of $153.48. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 30.11 and a beta of 0.66.

J&J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. On average, equities analysts expect that J&J Snack Foods Corp. will post 4.75 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, April 8th. Shareholders of record on Tuesday, March 18th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.39%. The ex-dividend date is Tuesday, March 18th. J&J Snack Foods’s payout ratio is 71.89%.

Wall Street Analysts Forecast Growth

JJSF has been the topic of several recent analyst reports. Jefferies Financial Group reduced their target price on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday, February 4th.

About J&J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.