Louisiana State Employees Retirement System Buys Shares of 7,700 J&J Snack Foods Corp. (NASDAQ:JJSF)

Louisiana State Employees Retirement System bought a new position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,700 shares of the company’s stock, valued at approximately $1,287,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC increased its position in J&J Snack Foods by 144.2% during the second quarter. Eagle Bay Advisors LLC now owns 188 shares of the company’s stock worth $26,000 after buying an additional 111 shares in the last quarter. Operose Advisors LLC acquired a new stake in shares of J&J Snack Foods during the third quarter valued at $28,000. Headlands Technologies LLC purchased a new stake in J&J Snack Foods during the 3rd quarter worth about $32,000. Quantbot Technologies LP acquired a new position in J&J Snack Foods in the 3rd quarter valued at about $69,000. Finally, Point72 Middle East FZE purchased a new position in J&J Snack Foods in the 4th quarter valued at about $69,000. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

J&J Snack Foods Price Performance

J&J Snack Foods stock opened at $137.09 on Monday. The stock has a market capitalization of $2.66 billion, a P/E ratio of 33.36 and a beta of 0.52. J&J Snack Foods Corp. has a 12-month low of $133.23 and a 12-month high of $177.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.40 and a quick ratio of 1.36. The firm’s 50-day moving average is $142.20 and its two-hundred day moving average is $154.89.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.35). The firm had revenue of $348.31 million for the quarter, compared to analysts’ expectations of $363.54 million. J&J Snack Foods had a net margin of 5.11% and a return on equity of 9.98%. Equities analysts predict that J&J Snack Foods Corp. will post 5.06 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Tuesday, March 19th were given a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Monday, March 18th. J&J Snack Foods’s dividend payout ratio is currently 71.53%.

Insiders Place Their Bets

In other news, Director Marjorie Shreiber Roshkoff sold 625 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $147.73, for a total transaction of $92,331.25. Following the completion of the transaction, the director now owns 69,459 shares of the company’s stock, valued at approximately $10,261,178.07. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 22.20% of the stock is owned by corporate insiders.

J&J Snack Foods Company 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, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.