Great West Life Assurance Co. Can lowered its stake in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,373 shares of the company’s stock after selling 1,502 shares during the quarter. Great West Life Assurance Co. Can owned about 0.11% of J & J Snack Foods worth $2,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in JJSF. Municipal Employees Retirement System of Michigan increased its position in shares of J & J Snack Foods by 3.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,530 shares of the company’s stock valued at $466,000 after buying an additional 120 shares during the period. Texas Permanent School Fund increased its position in shares of J & J Snack Foods by 0.9% during the second quarter. Texas Permanent School Fund now owns 10,933 shares of the company’s stock valued at $1,444,000 after buying an additional 96 shares during the period. Sei Investments Co. increased its position in shares of J & J Snack Foods by 18.6% during the second quarter. Sei Investments Co. now owns 25,448 shares of the company’s stock valued at $3,361,000 after buying an additional 3,996 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in J & J Snack Foods by 6.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 88,644 shares of the company’s stock worth $11,708,000 after purchasing an additional 5,433 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in J & J Snack Foods in the second quarter worth about $709,000. Institutional investors own 70.21% of the company’s stock.
A number of brokerages have weighed in on JJSF. Zacks Investment Research cut shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a report on Saturday, November 18th. Jefferies Group set a $130.00 price objective on shares of J & J Snack Foods and gave the stock a “hold” rating in a report on Thursday, November 16th.
Shares of J & J Snack Foods Corp (NASDAQ JJSF) opened at $148.66 on Thursday. The firm has a market cap of $2,782.62, a PE ratio of 35.50 and a beta of 0.81. J & J Snack Foods Corp has a fifty-two week low of $121.20 and a fifty-two week high of $154.02.
J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Thursday, November 9th. The company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.04. The business had revenue of $316.73 million for the quarter, compared to analysts’ expectations of $287.91 million. J & J Snack Foods had a net margin of 7.30% and a return on equity of 11.91%. The business’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 earnings per share. analysts forecast that J & J Snack Foods Corp will post 4.45 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 12th. This is a boost from J & J Snack Foods’s previous quarterly dividend of $0.42. J & J Snack Foods’s dividend payout ratio is 40.00%.
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J & J Snack Foods Company Profile
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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