Teacher Retirement System of Texas Acquires 854 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Teacher Retirement System of Texas lifted its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,684 shares of the company’s stock after acquiring an additional 854 shares during the period. Teacher Retirement System of Texas’ holdings in J&J Snack Foods were worth $1,037,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JJSF. Jane Street Group LLC boosted its stake in J&J Snack Foods by 40.1% in the 3rd quarter. Jane Street Group LLC now owns 31,936 shares of the company’s stock worth $5,497,000 after purchasing an additional 9,134 shares during the period. State Street Corp boosted its position in shares of J&J Snack Foods by 2.9% during the third quarter. State Street Corp now owns 602,295 shares of the company’s stock worth $104,140,000 after acquiring an additional 17,062 shares during the last quarter. JPMorgan Chase & Co. grew its stake in J&J Snack Foods by 27.8% during the third quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company’s stock valued at $7,672,000 after acquiring an additional 9,703 shares in the last quarter. Barclays PLC increased its holdings in J&J Snack Foods by 434.0% in the 3rd quarter. Barclays PLC now owns 30,065 shares of the company’s stock valued at $5,175,000 after acquiring an additional 24,435 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in J&J Snack Foods by 40.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,279 shares of the company’s stock worth $1,941,000 after purchasing an additional 3,246 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. 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, February 4th. Jefferies Financial Group reduced their price objective on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th.

J&J Snack Foods Stock Down 0.4 %

Shares of NASDAQ:JJSF opened at $130.14 on Friday. The firm has a fifty day simple moving average of $131.84 and a two-hundred day simple moving average of $153.24. J&J Snack Foods Corp. has a 52 week low of $116.60 and a 52 week high of $180.80. The stock has a market capitalization of $2.54 billion, a P/E ratio of 29.99 and a beta of 0.66.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. On average, analysts expect that J&J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio is currently 71.89%.

About J&J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.