J&J Snack Foods Corp. (NASDAQ:JJSF) gapped down prior to trading on Tuesday . The stock had previously closed at $120.56, but opened at $120.84. J&J Snack Foods Corp. shares last traded at $121.96, with a volume of 54,350 shares traded.

Separately, Zacks Investment Research cut shares of J&J Snack Foods Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th.

The company has a market capitalization of $2.27 billion and a PE ratio of 31.45. The company has a 50 day moving average of $115.42 and a 200-day moving average of $108.39.

J&J Snack Foods Corp. (NASDAQ:JJSF) last posted its quarterly earnings data on Monday, July 25th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.06. The firm had revenue of $278 million for the quarter, compared to analyst estimates of $284.82 million. During the same period in the prior year, the company posted $1.30 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts predict that J&J Snack Foods Corp. will post $4.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.28%. The ex-dividend date was Monday, June 13th.

In other J&J Snack Foods Corp. news, SVP Robert Joseph Pape sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $103.43, for a total transaction of $310,290.00. Following the transaction, the senior vice president now owns 15,186 shares of the company’s stock, valued at approximately $1,570,687.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Several hedge funds and institutional investors recently bought and sold shares of the stock. Morgan Stanley increased its position in J&J Snack Foods Corp. by 164.1% in the fourth quarter. Morgan Stanley now owns 8,605 shares of the company’s stock worth $1,004,000 after buying an additional 5,347 shares during the period. Sawtooth Asset Management Inc. increased its position in J&J Snack Foods Corp. by 6,806.7% in the fourth quarter. Sawtooth Asset Management Inc. now owns 9,255 shares of the company’s stock worth $1,080,000 after buying an additional 9,121 shares during the period. State of Tennessee Treasury Department bought a new position in J&J Snack Foods Corp. during the fourth quarter worth $1,353,000. Employees Retirement System of Texas bought a new position in J&J Snack Foods Corp. during the fourth quarter worth $1,517,000. Finally, Sei Investments Co. increased its position in J&J Snack Foods Corp. by 1.9% in the fourth quarter. Sei Investments Co. now owns 16,474 shares of the company’s stock worth $1,922,000 after buying an additional 310 shares during the period.

J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. The Company’s food service segment is engaged in selling primary products, such as soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.

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