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

State of New Jersey Common Pension Fund D lifted its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,713 shares of the company’s stock after buying an additional 835 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in J&J Snack Foods were worth $1,972,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its position in J&J Snack Foods by 19.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock valued at $110,612,000 after purchasing an additional 106,817 shares during the last quarter. Barclays PLC grew its position in J&J Snack Foods by 434.0% during the 3rd quarter. Barclays PLC now owns 30,065 shares of the company’s stock valued at $5,175,000 after purchasing an additional 24,435 shares during the last quarter. State Street Corp grew its position in J&J Snack Foods by 2.9% during the 3rd quarter. State Street Corp now owns 602,295 shares of the company’s stock valued at $104,140,000 after purchasing an additional 17,062 shares during the last quarter. DAVENPORT & Co LLC grew its position in J&J Snack Foods by 5.8% during the 4th quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock valued at $38,596,000 after purchasing an additional 13,653 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in J&J Snack Foods by 27.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company’s stock valued at $7,672,000 after purchasing an additional 9,703 shares during the last quarter. 76.04% of the stock is owned by hedge funds and other institutional investors.

J&J Snack Foods Stock Performance

JJSF opened at $129.29 on Monday. The stock has a market capitalization of $2.52 billion, a P/E ratio of 29.79 and a beta of 0.64. The company’s 50-day simple moving average is $142.08 and its two-hundred day simple moving average is $159.58. J&J Snack Foods Corp. has a 52-week low of $116.60 and a 52-week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share 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%. Research analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 71.89%.

Analyst Ratings Changes

Several equities analysts have issued reports on JJSF shares. Benchmark restated a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research note on Tuesday, February 4th. Jefferies Financial Group lowered their target price on shares of 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 Profile

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.