Victory Capital Management Inc. Has $978,000 Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Victory Capital Management Inc. cut its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,304 shares of the company’s stock after selling 713 shares during the quarter. Victory Capital Management Inc.’s holdings in J&J Snack Foods were worth $978,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of J&J Snack Foods by 163.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock valued at $50,000 after purchasing an additional 198 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of J&J Snack Foods in the fourth quarter valued at $74,000. Blue Trust Inc. raised its stake in shares of J&J Snack Foods by 27.4% in the fourth quarter. Blue Trust Inc. now owns 498 shares of the company’s stock valued at $86,000 after purchasing an additional 107 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of J&J Snack Foods by 32.8% in the fourth quarter. GAMMA Investing LLC now owns 603 shares of the company’s stock valued at $94,000 after purchasing an additional 149 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of J&J Snack Foods by 48.2% in the fourth quarter. KBC Group NV now owns 627 shares of the company’s stock valued at $97,000 after purchasing an additional 204 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J&J Snack Foods Price Performance

Shares of NASDAQ:JJSF opened at $128.01 on Friday. The business’s fifty day moving average price is $133.74 and its two-hundred day moving average price is $154.90. J&J Snack Foods Corp. has a fifty-two week low of $116.60 and a fifty-two week high of $180.80. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 29.50 and a beta of 0.66.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. Research analysts expect that J&J Snack Foods Corp. will post 4.75 EPS 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, April 8th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, March 18th. J&J Snack Foods’s payout ratio is presently 71.89%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Benchmark restated a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a research note on Tuesday, February 4th. Jefferies Financial Group cut their target price on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th.

J&J Snack Foods Profile

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.