New York State Common Retirement Fund Cuts Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

New York State Common Retirement Fund lessened its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 3.0% during the 4th quarter, HoldingsChannel reports. The firm owned 9,819 shares of the company’s stock after selling 301 shares during the period. New York State Common Retirement Fund’s holdings in J&J Snack Foods were worth $1,641,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of JJSF. Illinois Municipal Retirement Fund grew its stake in shares of J&J Snack Foods by 3.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 8,511 shares of the company’s stock valued at $1,423,000 after buying an additional 267 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in J&J Snack Foods in the fourth quarter worth $1,287,000. Costello Asset Management INC increased its stake in J&J Snack Foods by 14.9% in the fourth quarter. Costello Asset Management INC now owns 2,123 shares of the company’s stock worth $355,000 after purchasing an additional 275 shares during the period. International Assets Investment Management LLC bought a new stake in shares of J&J Snack Foods during the fourth quarter worth $196,000. Finally, DAVENPORT & Co LLC boosted its stake in shares of J&J Snack Foods by 4.9% during the fourth quarter. DAVENPORT & Co LLC now owns 194,357 shares of the company’s stock valued at $32,741,000 after purchasing an additional 9,094 shares during the period. Institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Price Performance

Shares of JJSF stock opened at $162.61 on Friday. 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 company has a market cap of $3.15 billion, a P/E ratio of 39.56 and a beta of 0.54. The stock’s 50-day moving average is $141.30 and its 200 day moving average is $153.65. J&J Snack Foods Corp. has a 1-year low of $133.23 and a 1-year high of $177.71.

J&J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Monday, May 6th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.21. The firm had revenue of $359.73 million during the quarter, compared to analysts’ expectations of $341.08 million. J&J Snack Foods had a net margin of 5.11% and a return on equity of 9.98%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. Research analysts predict that J&J Snack Foods Corp. will post 5.06 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Tuesday, March 19th were issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Monday, March 18th. J&J Snack Foods’s payout ratio is presently 71.53%.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating and issued a $195.00 price objective on shares of J&J Snack Foods in a research report on Tuesday.

Insiders Place Their Bets

In related news, Director Marjorie Shreiber Roshkoff sold 625 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $147.73, for a total value of $92,331.25. Following the completion of the transaction, the director now directly owns 69,459 shares in the company, valued at approximately $10,261,178.07. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 22.20% of the company’s stock.

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, 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.