Public Employees Retirement System of Ohio Sells 1,908 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Public Employees Retirement System of Ohio trimmed its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,005 shares of the company’s stock after selling 1,908 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.27% of J&J Snack Foods worth $7,518,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Fidelis Capital Partners LLC bought a new position in shares of J&J Snack Foods in the first quarter valued at $29,000. YHB Investment Advisors Inc. acquired a new position in shares of J&J Snack Foods during the 1st quarter worth about $44,000. Newbridge Financial Services Group Inc. bought a new stake in shares of J&J Snack Foods in the 1st quarter valued at about $69,000. Covestor Ltd lifted its stake in J&J Snack Foods by 54,200.0% in the 1st quarter. Covestor Ltd now owns 543 shares of the company’s stock valued at $78,000 after purchasing an additional 542 shares during the last quarter. Finally, USA Financial Formulas bought a new position in J&J Snack Foods during the fourth quarter worth about $105,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

J&J Snack Foods Stock Performance

Shares of NASDAQ:JJSF traded down $1.70 during trading on Tuesday, reaching $165.51. 1,112 shares of the stock were exchanged, compared to its average volume of 91,275. The firm has a market cap of $3.21 billion, a PE ratio of 37.66 and a beta of 0.61. The company has a current ratio of 2.41, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02. J&J Snack Foods Corp. has a 12 month low of $133.23 and a 12 month high of $177.71. The stock has a 50-day moving average price of $165.05 and a 200-day moving average price of $153.73.

J&J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, May 6th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.21. J&J Snack Foods had a return on equity of 10.71% and a net margin of 5.45%. The company had revenue of $359.73 million during the quarter, compared to the consensus estimate of $341.08 million. During the same quarter last year, the firm earned $0.43 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. Research analysts expect that J&J Snack Foods Corp. will post 5.29 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Tuesday, June 18th were given a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Tuesday, June 18th. J&J Snack Foods’s dividend payout ratio is currently 66.22%.

Insiders Place Their Bets

In related news, VP Robert Cranmer sold 2,278 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $162.03, for a total value of $369,104.34. Following the transaction, the vice president now owns 872 shares in the company, valued at $141,290.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 22.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark cut their price objective on J&J Snack Foods from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th.

J&J Snack Foods Company 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.