Public Employees Retirement System of Ohio Lowers Stake in J & J Snack Foods Corp. $JJSF

Public Employees Retirement System of Ohio lowered its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 23.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,919 shares of the company’s stock after selling 7,605 shares during the period. Public Employees Retirement System of Ohio owned 0.13% of J & J Snack Foods worth $2,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC raised its position in shares of J & J Snack Foods by 198.9% during the second quarter. Parallel Advisors LLC now owns 529 shares of the company’s stock valued at $60,000 after buying an additional 352 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of J & J Snack Foods by 31.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company’s stock valued at $81,000 after buying an additional 145 shares during the last quarter. CWM LLC raised its position in shares of J & J Snack Foods by 301.3% during the first quarter. CWM LLC now owns 634 shares of the company’s stock valued at $84,000 after buying an additional 476 shares during the last quarter. GAMMA Investing LLC raised its position in shares of J & J Snack Foods by 94.4% during the second quarter. GAMMA Investing LLC now owns 700 shares of the company’s stock valued at $79,000 after buying an additional 340 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of J & J Snack Foods during the first quarter valued at approximately $228,000. Institutional investors own 76.04% of the company’s stock.

J & J Snack Foods Stock Up 2.3%

NASDAQ JJSF opened at $98.32 on Thursday. The company has a fifty day moving average of $108.61 and a two-hundred day moving average of $117.25. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 22.92 and a beta of 0.39. J & J Snack Foods Corp. has a 52 week low of $94.13 and a 52 week high of $180.80.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.74 by $0.26. The company had revenue of $454.30 million during the quarter, compared to analyst estimates of $445.98 million. J & J Snack Foods had a net margin of 5.24% and a return on equity of 8.79%. J & J Snack Foods’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.98 earnings per share. Equities research analysts anticipate that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.78. This represents a $3.20 annualized dividend and a yield of 3.3%. J & J Snack Foods’s payout ratio is presently 74.59%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $142.50.

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.