Arizona State Retirement System Purchases 83 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Arizona State Retirement System raised its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,341 shares of the company’s stock after purchasing an additional 83 shares during the period. Arizona State Retirement System’s holdings in J&J Snack Foods were worth $705,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Fidelis Capital Partners LLC purchased a new stake in shares of J&J Snack Foods in the first quarter worth $29,000. YHB Investment Advisors Inc. purchased a new stake in shares of J&J Snack Foods in the 1st quarter valued at about $44,000. GAMMA Investing LLC boosted its position in shares of J&J Snack Foods by 603.8% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock valued at $59,000 after acquiring an additional 314 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of J&J Snack Foods during the first quarter worth about $69,000. Finally, Covestor Ltd increased its position in shares of J&J Snack Foods by 54,200.0% in the first quarter. Covestor Ltd now owns 543 shares of the company’s stock worth $78,000 after purchasing an additional 542 shares during the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research report on Tuesday, August 6th.

Insider Activity

In related news, VP Mary Lou Kehoe sold 1,500 shares of J&J Snack Foods stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $169.59, for a total value of $254,385.00. Following the transaction, the vice president now owns 742 shares in the company, valued at approximately $125,835.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Mary Lou Kehoe sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total transaction of $254,385.00. Following the transaction, the vice president now directly owns 742 shares in the company, valued at approximately $125,835.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gerald B. Shreiber sold 20,000 shares of the business’s stock in a transaction that occurred on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total value of $3,359,000.00. The disclosure for this sale can be found here. 22.20% of the stock is owned by corporate insiders.

J&J Snack Foods Trading Up 2.2 %

NASDAQ JJSF opened at $167.06 on Monday. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $167.73 and its two-hundred day simple moving average is $157.23. J&J Snack Foods Corp. has a twelve month low of $133.23 and a twelve month high of $176.38. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 37.63 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 for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). The firm had revenue of $439.96 million for 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 business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 earnings per share. Research analysts forecast that J&J Snack Foods Corp. will post 5.21 EPS for the current fiscal year.

J&J Snack Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 17th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.87%. This is a positive change from J&J Snack Foods’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Tuesday, September 17th. J&J Snack Foods’s payout ratio is presently 70.27%.

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.