Teacher Retirement System of Texas Sells 4,202 Shares of J & J Snack Foods Corp. (NASDAQ:JJSF)

Teacher Retirement System of Texas cut its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 62.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,482 shares of the company’s stock after selling 4,202 shares during the quarter. Teacher Retirement System of Texas’ holdings in J & J Snack Foods were worth $327,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in J & J Snack Foods during the 4th quarter worth approximately $674,000. Swiss National Bank grew its position in J & J Snack Foods by 1.0% during the 4th quarter. Swiss National Bank now owns 30,600 shares of the company’s stock worth $4,747,000 after acquiring an additional 300 shares during the last quarter. Cibc World Markets Corp bought a new position in J & J Snack Foods during the 4th quarter worth approximately $221,000. Intech Investment Management LLC grew its position in J & J Snack Foods by 98.4% during the 4th quarter. Intech Investment Management LLC now owns 7,544 shares of the company’s stock worth $1,170,000 after acquiring an additional 3,742 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new position in J & J Snack Foods during the 4th quarter worth approximately $1,387,000. 76.04% of the stock is currently owned by institutional investors.

J & J Snack Foods Stock Performance

NASDAQ JJSF opened at $115.40 on Friday. J & J Snack Foods Corp. has a fifty-two week low of $109.71 and a fifty-two week high of $180.80. The stock has a 50 day simple moving average of $115.23 and a two-hundred day simple moving average of $127.11. The stock has a market cap of $2.24 billion, a P/E ratio of 29.59 and a beta of 0.44.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.34). J & J Snack Foods had a return on equity of 8.78% and a net margin of 4.79%. The business had revenue of $356.10 million during the quarter, compared to analysts’ expectations of $369.01 million. During the same quarter last year, the business posted $0.84 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Sell-side analysts predict that J & J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J & J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.70%. The ex-dividend date was Tuesday, June 17th. J & J Snack Foods’s dividend payout ratio (DPR) is currently 80.00%.

Analyst Upgrades and Downgrades

JJSF has been the topic of several recent research reports. Wall Street Zen lowered J & J Snack Foods from a “hold” rating to a “sell” rating in a research report on Sunday, June 29th. Benchmark reduced their price target on J & J Snack Foods from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th.

About J & J Snack Foods

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.