William Blair Investment Management LLC Sells 6,629 Shares of J & J Snack Foods Corp (NASDAQ:JJSF)

William Blair Investment Management LLC lowered its holdings in J & J Snack Foods Corp (NASDAQ:JJSF) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 152,210 shares of the company’s stock after selling 6,629 shares during the quarter. William Blair Investment Management LLC owned about 0.81% of J & J Snack Foods worth $24,177,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its stake in J & J Snack Foods by 0.5% in the first quarter. BlackRock Inc. now owns 2,173,362 shares of the company’s stock worth $345,216,000 after purchasing an additional 10,652 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in J & J Snack Foods by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 444,448 shares of the company’s stock worth $64,262,000 after purchasing an additional 8,403 shares in the last quarter. Wells Fargo & Company MN boosted its stake in J & J Snack Foods by 38.0% in the first quarter. Wells Fargo & Company MN now owns 407,241 shares of the company’s stock worth $64,687,000 after purchasing an additional 112,038 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its stake in J & J Snack Foods by 22.8% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 396,135 shares of the company’s stock worth $57,277,000 after purchasing an additional 73,611 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of J & J Snack Foods by 0.7% during the first quarter. Janus Henderson Group PLC now owns 283,054 shares of the company’s stock valued at $44,960,000 after acquiring an additional 1,982 shares during the period. 73.67% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on JJSF. BidaskClub raised J & J Snack Foods from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. Zacks Investment Research raised J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th.

Shares of JJSF opened at $160.95 on Friday. J & J Snack Foods Corp has a 12-month low of $138.40 and a 12-month high of $167.50. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 39.64 and a beta of 0.43. The firm’s fifty day moving average price is $162.68.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, April 29th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06. The business had revenue of $276.30 million for the quarter, compared to analyst estimates of $272.30 million. J & J Snack Foods had a return on equity of 11.30% and a net margin of 7.57%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 earnings per share. On average, sell-side analysts expect that J & J Snack Foods Corp will post 4.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $2.00 dividend on an annualized basis and a yield of 1.24%. J & J Snack Foods’s dividend payout ratio is presently 49.26%.

J & J Snack Foods Company Profile

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.

See Also: Earnings Per Share (EPS) Explained

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

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