Texas Permanent School Fund Lowers Stake in J & J Snack Foods Corp (NASDAQ:JJSF)

Texas Permanent School Fund lowered its stake in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,131 shares of the company’s stock after selling 85 shares during the quarter. Texas Permanent School Fund’s holdings in J & J Snack Foods were worth $1,945,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of J & J Snack Foods by 3.0% during the 2nd quarter. BlackRock Inc. now owns 2,238,141 shares of the company’s stock valued at $360,229,000 after buying an additional 64,779 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of J & J Snack Foods by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,767,892 shares of the company’s stock valued at $284,543,000 after purchasing an additional 20,498 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of J & J Snack Foods by 3.7% during the 2nd quarter. Macquarie Group Ltd. now owns 782,338 shares of the company’s stock valued at $125,918,000 after purchasing an additional 28,233 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of J & J Snack Foods by 14.7% during the 2nd quarter. Wells Fargo & Company MN now owns 467,151 shares of the company’s stock valued at $75,189,000 after purchasing an additional 59,910 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of J & J Snack Foods by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 222,491 shares of the company’s stock valued at $35,809,000 after purchasing an additional 5,365 shares during the last quarter. Hedge funds and other institutional investors own 73.72% of the company’s stock.

In related news, insider Dan Fachner sold 7,500 shares of J & J Snack Foods stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $187.88, for a total transaction of $1,409,100.00. Following the completion of the transaction, the insider now directly owns 102,296 shares of the company’s stock, valued at approximately $19,219,372.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 21.00% of the company’s stock.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

JJSF has been the topic of several recent research reports. BidaskClub lowered shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. ValuEngine lowered shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Consumer Edge raised shares of J & J Snack Foods from an “equal weight” rating to an “overweight” rating in a report on Friday, August 9th. Finally, Zacks Investment Research raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $208.00 target price on the stock in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $176.50.

JJSF stock opened at $180.93 on Friday. The firm’s fifty day moving average is $191.62 and its 200 day moving average is $176.48. The firm has a market cap of $3.55 billion, a P/E ratio of 44.56 and a beta of 0.34. J & J Snack Foods Corp has a 52 week low of $138.40 and a 52 week high of $196.84.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.09). J & J Snack Foods had a net margin of 7.84% and a return on equity of 11.65%. The business had revenue of $311.87 million for the quarter, compared to analysts’ expectations of $309.50 million. During the same period last year, the business earned $1.24 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. As a group, equities analysts predict that J & J Snack Foods Corp will post 5.01 earnings per share for the current fiscal year.

J & J Snack Foods Company Profile

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

Read More: Book Value Of Equity Per Share – BVPS Explained

Want to see what other hedge funds are holding JJSF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J & J Snack Foods Corp (NASDAQ:JJSF).

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

Leave a Reply

Your email address will not be published. Required fields are marked *

*