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

Maryland State Retirement & Pension System decreased its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,609 shares of the company’s stock after selling 75 shares during the period. Maryland State Retirement & Pension System’s holdings in J&J Snack Foods were worth $937,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of JJSF. Los Angeles Capital Management LLC acquired a new stake in shares of J&J Snack Foods during the 4th quarter worth $994,000. Illinois Municipal Retirement Fund increased its stake in J&J Snack Foods by 3.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 8,511 shares of the company’s stock worth $1,423,000 after acquiring an additional 267 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in J&J Snack Foods during the fourth quarter worth about $1,287,000. Costello Asset Management INC raised its holdings in shares of J&J Snack Foods by 14.9% in the 4th quarter. Costello Asset Management INC now owns 2,123 shares of the company’s stock worth $355,000 after purchasing an additional 275 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of J&J Snack Foods in the 4th quarter valued at about $196,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

Insiders Place Their Bets

In other news, Director Marjorie Shreiber Roshkoff sold 625 shares of J&J Snack Foods stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $147.73, for a total transaction of $92,331.25. Following the sale, the director now owns 69,459 shares in the company, valued at $10,261,178.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “buy” rating and set a $195.00 target price on shares of J&J Snack Foods in a research report on Tuesday.

J&J Snack Foods Stock Performance

Shares of JJSF stock opened at $162.61 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.36 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.15 billion, a PE ratio of 39.56 and a beta of 0.54. The company’s fifty day simple moving average is $141.30 and its 200-day simple moving average is $153.65. J&J Snack Foods Corp. has a 52 week low of $133.23 and a 52 week high of $177.71.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Monday, May 6th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.63 by $0.21. J&J Snack Foods had a return on equity of 9.98% and a net margin of 5.11%. The company had revenue of $359.73 million for the quarter, compared to analyst estimates of $341.08 million. During the same period last year, the company posted $0.43 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that J&J Snack Foods Corp. will post 5.06 EPS for the current year.

J&J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Tuesday, March 19th were given a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 1.81%. The ex-dividend date was Monday, March 18th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 71.53%.

J&J Snack Foods Profile

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.