Renaissance Technologies LLC Trims Stake in J & J Snack Foods Corp. $JJSF

Renaissance Technologies LLC cut its stake in J & J Snack Foods Corp. (NASDAQ:JJSF) by 48.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,656 shares of the company’s stock after selling 8,000 shares during the period. Renaissance Technologies LLC’s holdings in J & J Snack Foods were worth $686,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of JJSF. Allworth Financial LP boosted its position in shares of J & J Snack Foods by 485.1% during the fourth quarter. Allworth Financial LP now owns 275 shares of the company’s stock valued at $25,000 after purchasing an additional 228 shares in the last quarter. Global Retirement Partners LLC lifted its position in J & J Snack Foods by 1,133.3% during the fourth quarter. Global Retirement Partners LLC now owns 333 shares of the company’s stock valued at $30,000 after buying an additional 306 shares during the period. IFP Advisors Inc lifted its position in J & J Snack Foods by 1,450.0% during the fourth quarter. IFP Advisors Inc now owns 341 shares of the company’s stock valued at $31,000 after buying an additional 319 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of J & J Snack Foods by 58.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 404 shares of the company’s stock valued at $36,000 after buying an additional 149 shares in the last quarter. Finally, 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 buying an additional 316 shares in the last quarter. 76.04% of the stock is owned by institutional investors.

J & J Snack Foods Stock Performance

Shares of JJSF opened at $89.47 on Monday. The firm has a market capitalization of $1.68 billion, a P/E ratio of 34.41 and a beta of 0.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.34 and a quick ratio of 1.47. J & J Snack Foods Corp. has a one year low of $68.87 and a one year high of $116.32. The business has a fifty day moving average of $78.49 and a 200 day moving average of $80.16.

J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Wednesday, August 5th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.26. The company had revenue of $425.96 million for the quarter, compared to the consensus estimate of $427.65 million. J & J Snack Foods had a return on equity of 8.93% and a net margin of 3.23%.J & J Snack Foods’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 earnings per share. As a group, sell-side analysts anticipate that J & J Snack Foods Corp. will post 3.98 EPS for the current year.

J & J Snack Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 15th. J & J Snack Foods’s dividend payout ratio is 123.08%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on JJSF shares. Jefferies Financial Group upgraded shares of J & J Snack Foods from a “hold” rating to a “buy” rating and lifted their target price for the company from $81.00 to $101.00 in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Wednesday, June 24th. Benchmark reduced their price objective on J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Finally, Zacks Research cut J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, J & J Snack Foods has a consensus rating of “Hold” and a consensus price target of $110.50.

About J & J Snack Foods

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.