J&J Snack Foods Corp. (NASDAQ:JJSF) Stock Position Lifted by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,800 shares of the company’s stock after buying an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in J&J Snack Foods were worth $1,266,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Bridge City Capital LLC boosted its stake in J&J Snack Foods by 0.8% during the first quarter. Bridge City Capital LLC now owns 14,056 shares of the company’s stock valued at $2,032,000 after buying an additional 110 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in J&J Snack Foods by 1.4% during the first quarter. Illinois Municipal Retirement Fund now owns 8,632 shares of the company’s stock valued at $1,248,000 after buying an additional 121 shares in the last quarter. Van Hulzen Asset Management LLC increased its stake in J&J Snack Foods by 3.1% in the 4th quarter. Van Hulzen Asset Management LLC now owns 5,730 shares of the company’s stock worth $958,000 after purchasing an additional 170 shares in the last quarter. Quadrature Capital Ltd increased its stake in J&J Snack Foods by 11.3% in the 4th quarter. Quadrature Capital Ltd now owns 1,680 shares of the company’s stock worth $281,000 after purchasing an additional 170 shares in the last quarter. Finally, Swiss National Bank increased its stake in J&J Snack Foods by 0.7% in the 1st quarter. Swiss National Bank now owns 30,600 shares of the company’s stock worth $4,424,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.

Insider Activity

In other news, VP Mary Lou Kehoe sold 1,500 shares of J&J Snack Foods stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $169.59, for a total transaction of $254,385.00. Following the completion of the sale, the vice president now directly owns 742 shares in the company, valued at approximately $125,835.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 22.20% of the stock is owned by corporate insiders.

J&J Snack Foods Trading Down 0.6 %

Shares of NASDAQ JJSF opened at $167.00 on Tuesday. J&J Snack Foods Corp. has a one year low of $133.23 and a one year high of $176.38. The firm has a market capitalization of $3.24 billion, a PE ratio of 37.61 and a beta of 0.61. The company has a current ratio of 2.41, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $167.22 and a two-hundred day moving average price of $155.17.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). J&J Snack Foods had a return on equity of 10.71% and a net margin of 5.45%. The business had revenue of $439.96 million for the quarter, compared to analyst estimates of $440.92 million. During the same quarter in the previous year, the business posted $1.92 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, analysts predict that J&J Snack Foods Corp. will post 5.29 earnings per share for the current fiscal year.

J&J Snack Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This is a positive change from J&J Snack Foods’s previous quarterly dividend of $0.74. This represents a $3.12 dividend on an annualized basis and a yield of 1.87%. J&J Snack Foods’s dividend payout ratio (DPR) is presently 70.27%.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a research note on Tuesday, August 6th.

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.