Westwood Holdings Group Inc. Sells 34,949 Shares of J & J Snack Foods Corp (NASDAQ:JJSF)

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Westwood Holdings Group Inc. cut its holdings in J & J Snack Foods Corp (NASDAQ:JJSF) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 262,724 shares of the company’s stock after selling 34,949 shares during the period. Westwood Holdings Group Inc. owned approximately 1.39% of J & J Snack Foods worth $42,291,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. raised its stake in shares of J & J Snack Foods by 3.0% during the second quarter. BlackRock Inc. now owns 2,238,141 shares of the company’s stock valued at $360,229,000 after acquiring an additional 64,779 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of J & J Snack Foods by 1.2% during the second quarter. Vanguard Group Inc. now owns 1,767,892 shares of the company’s stock valued at $284,543,000 after acquiring an additional 20,498 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of J & J Snack Foods by 14.7% during the second quarter. Wells Fargo & Company MN now owns 467,151 shares of the company’s stock valued at $75,189,000 after acquiring an additional 59,910 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of J & J Snack Foods by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 444,448 shares of the company’s stock valued at $64,262,000 after acquiring an additional 8,403 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of J & J Snack Foods by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 222,491 shares of the company’s stock valued at $35,809,000 after acquiring an additional 5,365 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Robert Joseph Pape sold 2,500 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $185.90, for a total value of $464,750.00. Following the completion of the transaction, the senior vice president now directly owns 14,781 shares of the company’s stock, valued at $2,747,787.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dan Fachner sold 7,500 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $187.88, for a total transaction of $1,409,100.00. Following the completion of the transaction, the insider now directly owns 102,296 shares of the company’s stock, valued at $19,219,372.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,000 shares of company stock valued at $6,410,600. 21.00% of the stock is owned by insiders.

Several brokerages have recently commented on JJSF. Consumer Edge raised shares of J & J Snack Foods from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 9th. BidaskClub raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Zacks Investment Research raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a research note on Friday, August 2nd.

JJSF stock traded up $0.36 during trading on Friday, reaching $192.71. The company had a trading volume of 4,894 shares, compared to its average volume of 97,163. J & J Snack Foods Corp has a 52 week low of $138.40 and a 52 week high of $196.74. The company has a market cap of $3.64 billion, a P/E ratio of 47.46 and a beta of 0.37. The business has a 50 day moving average of $189.79 and a 200 day moving average of $167.22.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, July 29th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.08. J & J Snack Foods had a net margin of 7.84% and a return on equity of 11.65%. The company had revenue of $326.70 million during the quarter, compared to the consensus estimate of $311.67 million. During the same period in the prior year, the firm earned $1.39 earnings per share. J & J Snack Foods’s revenue was up 6.7% on a year-over-year basis. Analysts forecast that J & J Snack Foods Corp will post 4.97 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, September 18th. J & J Snack Foods’s payout ratio is currently 49.26%.

About J & J Snack Foods

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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Institutional Ownership by Quarter for J & J Snack Foods (NASDAQ:JJSF)

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