Bridge City Capital LLC Trims Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Bridge City Capital LLC lessened its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 16.5% during the second quarter, Holdings Channel reports. The firm owned 12,385 shares of the company’s stock after selling 2,439 shares during the quarter. Bridge City Capital LLC’s holdings in J&J Snack Foods were worth $1,961,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Eagle Bay Advisors LLC increased its position in J&J Snack Foods by 144.2% during the 2nd quarter. Eagle Bay Advisors LLC now owns 188 shares of the company’s stock valued at $26,000 after purchasing an additional 111 shares during the period. Parallel Advisors LLC grew its position in shares of J&J Snack Foods by 1,116.7% in the 1st quarter. Parallel Advisors LLC now owns 292 shares of the company’s stock worth $43,000 after buying an additional 268 shares during the period. Point72 Middle East FZE purchased a new stake in J&J Snack Foods in the fourth quarter worth about $69,000. Tower Research Capital LLC TRC grew its stake in shares of J&J Snack Foods by 260.8% in the first quarter. Tower Research Capital LLC TRC now owns 469 shares of the company’s stock worth $70,000 after acquiring an additional 339 shares during the last quarter. Finally, State of Wyoming boosted its position in J&J Snack Foods by 49.9% in the second quarter. State of Wyoming now owns 538 shares of the company’s stock worth $85,000 after purchasing an additional 179 shares during the last quarter. 76.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JJSF has been the topic of a number of analyst reports. StockNews.com assumed coverage on J&J Snack Foods in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Benchmark upped their target price on shares of J&J Snack Foods from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Friday. Finally, TheStreet raised J&J Snack Foods from a “c+” rating to a “b” rating in a research note on Monday, July 31st.

J&J Snack Foods Price Performance

JJSF stock traded down $1.86 during trading on Friday, hitting $166.53. 104,083 shares of the company’s stock traded hands, compared to its average volume of 71,094. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 40.82 and a beta of 0.58. J&J Snack Foods Corp. has a 52 week low of $133.27 and a 52 week high of $177.71. The business has a fifty day simple moving average of $160.80 and a 200 day simple moving average of $160.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 2.50.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Thursday, November 16th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.04. J&J Snack Foods had a net margin of 5.06% and a return on equity of 10.02%. The company had revenue of $443.90 million for the quarter, compared to analyst estimates of $421.06 million. During the same period in the prior year, the company posted $1.05 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, research analysts expect that J&J Snack Foods Corp. will post 5.63 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th will be given a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Monday, December 18th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 72.06%.

J&J Snack Foods 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, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.