J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,144 shares of the company’s stock after selling 1,300 shares during the quarter. New York State Teachers Retirement System’s holdings in J&J Snack Foods were worth $4,844,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC bought a new position in shares of J&J Snack Foods in the 1st quarter worth about $29,000. GAMMA Investing LLC lifted its holdings in J&J Snack Foods by 603.8% in the second quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock worth $59,000 after acquiring an additional 314 shares during the last quarter. Blue Trust Inc. boosted its stake in J&J Snack Foods by 39,000.0% in the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock valued at $63,000 after acquiring an additional 390 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of J&J Snack Foods during the second quarter valued at approximately $76,000. Finally, Covestor Ltd raised its position in shares of J&J Snack Foods by 54,200.0% during the 1st quarter. Covestor Ltd now owns 543 shares of the company’s stock worth $78,000 after purchasing an additional 542 shares during the period. Institutional investors own 76.04% of the company’s stock.

Insider Buying and Selling

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

J&J Snack Foods Stock Up 1.9 %

JJSF stock opened at $169.43 on Wednesday. The stock has a market cap of $3.29 billion, a PE ratio of 37.65 and a beta of 0.63. The firm’s 50-day simple moving average is $167.70 and its 200 day simple moving average is $164.07. J&J Snack Foods Corp. has a fifty-two week low of $133.23 and a fifty-two week high of $176.38. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.01.

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

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and set a $200.00 price objective on shares of J&J Snack Foods in a research report on Tuesday, October 29th.

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.