Envestnet Asset Management Inc. Cuts Stock Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Envestnet Asset Management Inc. reduced its stake in J&J Snack Foods Corp. (NASDAQ:JJSF – Get Rating) by 34.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,738 shares of the company’s stock after selling 6,186 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of J&J Snack Foods worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its position in J&J Snack Foods by 0.9% in the first quarter. BlackRock Inc. now owns 2,306,255 shares of the company’s stock worth $357,699,000 after acquiring an additional 20,908 shares in the last quarter. Vanguard Group Inc. increased its position in shares of J&J Snack Foods by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,558,636 shares of the company’s stock valued at $201,796,000 after purchasing an additional 28,390 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of J&J Snack Foods by 1.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,329,781 shares of the company’s stock valued at $199,082,000 after buying an additional 22,162 shares in the last quarter. Macquarie Group Ltd. lifted its position in J&J Snack Foods by 7.5% in the 3rd quarter. Macquarie Group Ltd. now owns 1,286,228 shares of the company’s stock worth $166,544,000 after buying an additional 89,237 shares during the last quarter. Finally, State Street Corp boosted its stake in J&J Snack Foods by 2.1% in the third quarter. State Street Corp now owns 528,781 shares of the company’s stock worth $68,831,000 after buying an additional 10,794 shares in the last quarter. 76.89% of the stock is currently owned by institutional investors.

J&J Snack Foods Price Performance

JJSF stock opened at $157.48 on Monday. The company has a current ratio of 2.73, a quick ratio of 1.60 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $151.64 and its two-hundred day moving average price is $150.25. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 65.34 and a beta of 0.54. J&J Snack Foods Corp. has a 12-month low of $121.57 and a 12-month high of $165.90.

J&J Snack Foods (NASDAQ:JJSF – Get Rating) last released its quarterly earnings results on Monday, May 1st. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $337.85 million for the quarter, compared to the consensus estimate of $335.18 million. J&J Snack Foods had a net margin of 3.16% and a return on equity of 6.34%. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS. As a group, equities analysts predict that J&J Snack Foods Corp. will post 3.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on JJSF shares. Benchmark restated a “buy” rating and issued a $175.00 price objective on shares of J&J Snack Foods in a report on Tuesday, January 31st. StockNews.com started coverage on J&J Snack Foods in a report on Thursday. They issued a “hold” rating on the stock. TheStreet upgraded J&J Snack Foods from a “c” rating to a “b-” rating in a report on Monday, May 1st. Finally, 51job reaffirmed a “maintains” rating on shares of J&J Snack Foods in a research note on Friday, May 5th.

J&J Snack Foods Profile

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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 juice treats and desserts, churros, dough enrobed handheld products, and baked goods.