State of New Jersey Common Pension Fund D Decreases Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

State of New Jersey Common Pension Fund D reduced its position in J&J Snack Foods Corp. (NASDAQ:JJSFGet Rating) by 18.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,816 shares of the company’s stock after selling 3,614 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.08% of J&J Snack Foods worth $2,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of JJSF. Newbridge Financial Services Group Inc. purchased a new stake in J&J Snack Foods during the first quarter valued at approximately $74,000. Point72 Hong Kong Ltd raised its stake in shares of J&J Snack Foods by 117.8% in the fourth quarter. Point72 Hong Kong Ltd now owns 564 shares of the company’s stock worth $89,000 after buying an additional 305 shares during the period. Contravisory Investment Management Inc. purchased a new position in J&J Snack Foods during the first quarter valued at approximately $199,000. Versor Investments LP purchased a new stake in shares of J&J Snack Foods in the fourth quarter valued at approximately $212,000. Finally, Advisor Partners LLC purchased a new position in shares of J&J Snack Foods during the first quarter valued at $263,000. Hedge funds and other institutional investors own 76.80% of the company’s stock.

J&J Snack Foods Trading Up 1.1 %

JJSF opened at $136.97 on Tuesday. J&J Snack Foods Corp. has a 12 month low of $117.45 and a 12 month high of $165.86. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 42.27 and a beta of 0.43. The stock has a fifty day moving average price of $133.28 and a 200-day moving average price of $144.15.

J&J Snack Foods (NASDAQ:JJSFGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.50). J&J Snack Foods had a net margin of 4.98% and a return on equity of 7.47%. The company had revenue of $281.51 million for the quarter, compared to analyst estimates of $309.00 million. During the same quarter in the previous year, the company posted $0.32 EPS. On average, equities research analysts forecast that J&J Snack Foods Corp. will post 2.8 EPS for the current year.

J&J Snack Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 11th. Investors of record on Monday, June 20th were issued a $0.633 dividend. The ex-dividend date was Thursday, June 16th. This represents a $2.53 dividend on an annualized basis and a yield of 1.85%. J&J Snack Foods’s payout ratio is 78.09%.

About J&J Snack Foods

(Get Rating)

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 in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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Institutional Ownership by Quarter for J&J Snack Foods (NASDAQ:JJSF)

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