State of New Jersey Common Pension Fund D Has $1.90 Million Holdings in J & J Snack Foods Corp. $JJSF

State of New Jersey Common Pension Fund D raised its holdings in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 14.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,727 shares of the company’s stock after purchasing an additional 2,056 shares during the period. State of New Jersey Common Pension Fund D owned 0.09% of J & J Snack Foods worth $1,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. AlphaQuest LLC acquired a new position in J & J Snack Foods during the 2nd quarter valued at about $59,000. Caitong International Asset Management Co. Ltd lifted its position in J & J Snack Foods by 243.5% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the company’s stock valued at $48,000 after purchasing an additional 302 shares during the period. First Citizens Bank & Trust Co. acquired a new position in J & J Snack Foods during the 2nd quarter valued at about $273,000. Bernzott Capital Advisors lifted its position in J & J Snack Foods by 22.3% during the 2nd quarter. Bernzott Capital Advisors now owns 66,382 shares of the company’s stock valued at $7,528,000 after purchasing an additional 12,119 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in J & J Snack Foods during the 2nd quarter valued at about $277,000. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J & J Snack Foods Stock Performance

NASDAQ JJSF opened at $84.65 on Friday. The business has a 50 day simple moving average of $99.41 and a 200 day simple moving average of $111.13. J & J Snack Foods Corp. has a 52-week low of $84.38 and a 52-week high of $180.80. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 19.73 and a beta of 0.38.

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

J & J Snack Foods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 16th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 16th. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.78. J & J Snack Foods’s dividend payout ratio (DPR) is currently 74.59%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on JJSF shares. 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. Weiss Ratings downgraded shares of J & J Snack Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Finally, Zacks Research upgraded shares of J & J Snack Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, J & J Snack Foods presently has a consensus rating of “Hold” and a consensus 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.