EntryPoint Capital LLC Has $289,000 Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

EntryPoint Capital LLC decreased its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,863 shares of the company’s stock after selling 129 shares during the quarter. EntryPoint Capital LLC’s holdings in J&J Snack Foods were worth $289,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Jane Street Group LLC boosted its stake in shares of J&J Snack Foods by 40.1% in the 3rd quarter. Jane Street Group LLC now owns 31,936 shares of the company’s stock valued at $5,497,000 after purchasing an additional 9,134 shares in the last quarter. State Street Corp increased its position in shares of J&J Snack Foods by 2.9% during the 3rd quarter. State Street Corp now owns 602,295 shares of the company’s stock worth $104,140,000 after purchasing an additional 17,062 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in J&J Snack Foods by 27.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company’s stock valued at $7,672,000 after purchasing an additional 9,703 shares during the last quarter. Barclays PLC boosted its position in J&J Snack Foods by 434.0% in the third quarter. Barclays PLC now owns 30,065 shares of the company’s stock valued at $5,175,000 after buying an additional 24,435 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in J&J Snack Foods by 40.4% during the third quarter. BNP Paribas Financial Markets now owns 11,279 shares of the company’s stock worth $1,941,000 after buying an additional 3,246 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on JJSF shares. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a report on Tuesday, February 4th. Jefferies Financial Group reduced their price objective on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th.

J&J Snack Foods Trading Up 2.4 %

Shares of NASDAQ JJSF opened at $130.68 on Friday. J&J Snack Foods Corp. has a 1-year low of $116.60 and a 1-year high of $180.80. The company has a 50-day moving average of $132.12 and a two-hundred day moving average of $153.48. The company has a market cap of $2.55 billion, a PE ratio of 30.11 and a beta of 0.66.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. As a group, equities research analysts forecast that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio is 71.89%.

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.