Texas Permanent School Fund increased its stake in J & J Snack Foods Corp. (NASDAQ:JJSF) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 10,933 shares of the company’s stock after buying an additional 96 shares during the period. Texas Permanent School Fund’s holdings in J & J Snack Foods Corp. were worth $1,444,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in J & J Snack Foods Corp. by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 440,420 shares of the company’s stock valued at $59,703,000 after buying an additional 1,274 shares in the last quarter. Tower Research Capital LLC TRC raised its position in J & J Snack Foods Corp. by 158.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,061 shares of the company’s stock valued at $144,000 after buying an additional 651 shares in the last quarter. Alliancebernstein L.P. raised its position in J & J Snack Foods Corp. by 58.7% in the first quarter. Alliancebernstein L.P. now owns 36,114 shares of the company’s stock valued at $4,896,000 after buying an additional 13,352 shares in the last quarter. Bank of Montreal Can raised its position in J & J Snack Foods Corp. by 8.5% in the first quarter. Bank of Montreal Can now owns 1,319 shares of the company’s stock valued at $179,000 after buying an additional 103 shares in the last quarter. Finally, Capital Impact Advisors LLC raised its position in J & J Snack Foods Corp. by 61.1% in the first quarter. Capital Impact Advisors LLC now owns 13,578 shares of the company’s stock valued at $1,841,000 after buying an additional 5,152 shares in the last quarter. Institutional investors and hedge funds own 67.78% of the company’s stock.

J & J Snack Foods Corp. (JJSF) opened at 128.57 on Wednesday. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 32.06 and a beta of 0.72. J & J Snack Foods Corp. has a 12-month low of $102.81 and a 12-month high of $143.21. The stock’s 50 day moving average price is $130.68 and its 200 day moving average price is $132.43.

J & J Snack Foods Corp. (NASDAQ:JJSF) last posted its quarterly earnings data on Monday, July 24th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by $0.15. The company had revenue of $295.40 million for the quarter, compared to analyst estimates of $297.83 million. J & J Snack Foods Corp. had a net margin of 7.33% and a return on equity of 11.55%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 EPS. Analysts forecast that J & J Snack Foods Corp. will post $4.19 EPS for the current fiscal year.

J & J Snack Foods Corp. declared that its board has authorized a stock buyback program on Friday, August 4th that allows the company to buyback 500,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Thursday, September 14th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Wednesday, September 13th. J & J Snack Foods Corp.’s payout ratio is currently 41.90%.

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Several research analysts have recently commented on JJSF shares. Zacks Investment Research lowered J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 26th. BidaskClub upgraded J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 24th.

About J & J Snack Foods Corp.

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

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