J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 3.8% during the third quarter, Holdings Channel.com reports. The fund owned 7,500 shares of the company’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in J&J Snack Foods were worth $1,291,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in J&J Snack Foods by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after purchasing an additional 71,378 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in J&J Snack Foods by 3.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock worth $278,899,000 after purchasing an additional 57,887 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in J&J Snack Foods by 22.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 542,945 shares of the company’s stock worth $78,488,000 after purchasing an additional 99,264 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in J&J Snack Foods by 130.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 535,831 shares of the company’s stock worth $87,003,000 after purchasing an additional 303,673 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in J&J Snack Foods by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock worth $74,400,000 after purchasing an additional 18,932 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research note on Tuesday.

J&J Snack Foods Trading Up 1.1 %

Shares of JJSF stock opened at $165.86 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01. J&J Snack Foods Corp. has a twelve month low of $133.23 and a twelve month high of $176.38. The company’s 50-day moving average price is $167.71 and its 200-day moving average price is $163.44. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 36.86 and a beta of 0.62.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). The firm had revenue of $439.96 million during the quarter, compared to analysts’ expectations of $440.92 million. J&J Snack Foods had a net margin of 5.49% and a return on equity of 10.70%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 EPS. As a group, equities analysts predict that J&J Snack Foods Corp. will post 5.21 earnings per share for the current year.

J&J Snack Foods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Tuesday, September 17th. This is a positive change from J&J Snack Foods’s previous quarterly dividend of $0.74. J&J Snack Foods’s payout ratio is presently 69.33%.

Insider Activity

In other news, VP Mary Lou Kehoe sold 1,500 shares of J&J Snack Foods stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $169.59, for a total transaction of $254,385.00. Following the sale, the vice president now owns 742 shares of the company’s stock, valued at approximately $125,835.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction that occurred on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total transaction of $3,359,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mary Lou Kehoe sold 1,500 shares of J&J Snack Foods stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $169.59, for a total transaction of $254,385.00. Following the sale, the vice president now directly owns 742 shares in the company, valued at approximately $125,835.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 22.20% of the company’s stock.

About J&J Snack Foods

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.