Westwood Holdings Group Inc. Sells 299,968 Shares of J & J Snack Foods Corp. $JJSF

Westwood Holdings Group Inc. lessened its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 49.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 310,509 shares of the company’s stock after selling 299,968 shares during the period. Westwood Holdings Group Inc.’s holdings in J & J Snack Foods were worth $35,215,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of J & J Snack Foods by 902.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 351 shares of the company’s stock valued at $40,000 after acquiring an additional 316 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in J & J Snack Foods by 243.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the company’s stock valued at $48,000 after buying an additional 302 shares during the last quarter. AlphaQuest LLC bought a new position in J & J Snack Foods in the 2nd quarter valued at approximately $59,000. Parallel Advisors LLC boosted its position in J & J Snack Foods by 198.9% during the 2nd quarter. Parallel Advisors LLC now owns 529 shares of the company’s stock worth $60,000 after buying an additional 352 shares during the period. Finally, GAMMA Investing LLC grew its holdings in J & J Snack Foods by 94.4% during the 2nd quarter. GAMMA Investing LLC now owns 700 shares of the company’s stock worth $79,000 after acquiring an additional 340 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors.

J & J Snack Foods Stock Down 0.2%

Shares of NASDAQ JJSF opened at $93.76 on Monday. The company has a market capitalization of $1.81 billion, a PE ratio of 27.99 and a beta of 0.35. J & J Snack Foods Corp. has a twelve month low of $80.67 and a twelve month high of $169.41. The firm has a fifty day simple moving average of $90.01 and a 200 day simple moving average of $103.85.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, November 17th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.34. J & J Snack Foods had a net margin of 4.14% and a return on equity of 8.73%. The business had revenue of $410.24 million for the quarter, compared to analysts’ expectations of $424.08 million. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, equities analysts expect that J & J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J & J Snack Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, December 16th. J & J Snack Foods’s payout ratio is presently 95.52%.

Insider Transactions at J & J Snack Foods

In other J & J Snack Foods news, Director Kathleen E. Ciaramello purchased 540 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were purchased at an average cost of $90.56 per share, with a total value of $48,902.40. Following the completion of the purchase, the director owned 1,013 shares in the company, valued at $91,737.28. This represents a 114.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.80% of the company’s stock.

Analyst Ratings Changes

JJSF has been the subject of several analyst reports. Benchmark dropped their price target on shares of J & J Snack Foods from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Zacks Research upgraded J & J Snack Foods from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J & J Snack Foods in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $132.50.

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.