Bridgewater Associates LP Trims Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Bridgewater Associates LP decreased its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 13.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,002 shares of the company’s stock after selling 622 shares during the quarter. Bridgewater Associates LP’s holdings in J&J Snack Foods were worth $689,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JJSF. Thrivent Financial for Lutherans boosted its position in J&J Snack Foods by 130.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 535,831 shares of the company’s stock worth $87,003,000 after purchasing an additional 303,673 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in J&J Snack Foods by 6.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,562,491 shares of the company’s stock worth $253,702,000 after buying an additional 89,160 shares in the last quarter. Bank of New York Mellon Corp grew its position in J&J Snack Foods by 16.7% during the second quarter. Bank of New York Mellon Corp now owns 223,242 shares of the company’s stock valued at $36,248,000 after buying an additional 31,897 shares during the period. Bernzott Capital Advisors purchased a new position in J&J Snack Foods in the second quarter valued at $4,990,000. Finally, Dimensional Fund Advisors LP raised its position in shares of J&J Snack Foods by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock worth $74,400,000 after acquiring an additional 18,932 shares during the period. 76.04% of the stock is owned by institutional investors and hedge funds.

J&J Snack Foods Price Performance

J&J Snack Foods stock opened at $174.56 on Tuesday. The stock has a market capitalization of $3.39 billion, a PE ratio of 39.05 and a beta of 0.63. The business has a 50 day simple moving average of $169.09 and a 200-day simple moving average of $167.32. J&J Snack Foods Corp. has a 12 month low of $133.23 and a 12 month high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.25). The company had revenue of $426.76 million during the quarter, compared to analysts’ expectations of $428.33 million. J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. J&J Snack Foods’s revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.73 EPS. On average, equities research analysts anticipate that J&J Snack Foods Corp. will post 5.49 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio is presently 70.11%.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research report on Friday, November 15th.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.