8,244 Shares in J&J Snack Foods Corp. (NASDAQ:JJSF) Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund purchased a new position in J&J Snack Foods Corp. (NASDAQ:JJSFFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,244 shares of the company’s stock, valued at approximately $1,349,000.

A number of other hedge funds also recently modified their holdings of JJSF. Morgan Stanley increased its position in shares of J&J Snack Foods by 319.3% in the fourth quarter. Morgan Stanley now owns 761,978 shares of the company’s stock worth $114,076,000 after purchasing an additional 580,248 shares during the period. Norges Bank bought a new position in shares of J&J Snack Foods in the fourth quarter worth $22,557,000. Eaton Vance Management increased its position in shares of J&J Snack Foods by 53.8% in the first quarter. Eaton Vance Management now owns 255,187 shares of the company’s stock worth $39,579,000 after purchasing an additional 89,278 shares during the period. Thrivent Financial for Lutherans increased its position in shares of J&J Snack Foods by 567.8% in the second quarter. Thrivent Financial for Lutherans now owns 99,256 shares of the company’s stock worth $15,718,000 after purchasing an additional 84,392 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of J&J Snack Foods by 234.8% in the second quarter. Wells Fargo & Company MN now owns 105,346 shares of the company’s stock worth $14,713,000 after purchasing an additional 73,883 shares during the period. Institutional investors own 76.07% of the company’s stock.

Insider Activity

In other news, CEO Dan Fachner sold 1,051 shares of J&J Snack Foods stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $169.16, for a total transaction of $177,787.16. Following the sale, the chief executive officer now directly owns 30,580 shares of the company’s stock, valued at $5,172,912.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 19,580 shares of company stock valued at $3,242,346. 22.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on JJSF shares. StockNews.com started coverage on J&J Snack Foods in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Benchmark raised their price objective on J&J Snack Foods from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, November 17th.

Read Our Latest Analysis on J&J Snack Foods

J&J Snack Foods Stock Performance

NASDAQ:JJSF opened at $160.50 on Wednesday. The stock’s 50-day simple moving average is $165.81 and its 200 day simple moving average is $163.71. The firm has a market capitalization of $3.11 billion, a PE ratio of 39.34 and a beta of 0.56. The company has a quick ratio of 1.48, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. J&J Snack Foods Corp. has a twelve month low of $133.27 and a twelve month high of $177.71.

J&J Snack Foods (NASDAQ:JJSFGet Free Report) last released its quarterly earnings data on Thursday, November 16th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.04. The business had revenue of $443.90 million for the quarter, compared to analyst estimates of $421.06 million. J&J Snack Foods had a return on equity of 9.90% and a net margin of 5.06%. J&J Snack Foods’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. On average, analysts anticipate that J&J Snack Foods Corp. will post 5.62 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th were paid a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Monday, December 18th. J&J Snack Foods’s payout ratio is 72.06%.

About J&J Snack Foods

(Free Report)

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.

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

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