Public Employees Retirement System of Ohio Has $29,000 Stock Position in J & J Snack Foods Corp. $JJSF

Public Employees Retirement System of Ohio lowered its holdings in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 98.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 372 shares of the company’s stock after selling 26,986 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in J & J Snack Foods were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in J & J Snack Foods by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,000,911 shares of the company’s stock worth $180,822,000 after purchasing an additional 31,612 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in J & J Snack Foods by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 624,021 shares of the company’s stock valued at $49,468,000 after buying an additional 79,093 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of J & J Snack Foods by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 382,879 shares of the company’s stock worth $34,607,000 after buying an additional 1,909 shares during the last quarter. Bank of America Corp DE lifted its position in shares of J & J Snack Foods by 2.9% in the second quarter. Bank of America Corp DE now owns 354,253 shares of the company’s stock worth $40,176,000 after buying an additional 9,820 shares during the last quarter. Finally, Royce & Associates LP bought a new stake in shares of J & J Snack Foods during the 4th quarter worth about $29,596,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jefferies Financial Group raised J & J Snack Foods from a “hold” rating to a “buy” rating and increased their price objective for the company from $81.00 to $101.00 in a report on Thursday. Zacks Research cut J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Benchmark lowered their price target on J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of J & J Snack Foods in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $110.50.

J & J Snack Foods Price Performance

NASDAQ:JJSF opened at $91.86 on Friday. The stock has a market cap of $1.72 billion, a P/E ratio of 35.33 and a beta of 0.38. J & J Snack Foods Corp. has a one year low of $68.87 and a one year high of $116.32. The company has a fifty day moving average price of $76.74 and a 200 day moving average price of $80.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.34 and a quick ratio of 1.26.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.26. The company had revenue of $425.96 million for the quarter, compared to analyst estimates of $427.65 million. J & J Snack Foods had a net margin of 3.23% and a return on equity of 8.93%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business posted $2.00 EPS. Analysts anticipate that J & J Snack Foods Corp. will post 3.98 earnings per share for the current year.

J & J Snack Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 16th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, June 16th. J & J Snack Foods’s dividend payout ratio (DPR) is presently 107.38%.

About J & J Snack Foods

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.