J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 9.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,004 shares of the company's stock after selling 4,646 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.22% of J&J Snack Foods worth $7,402,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in J&J Snack Foods by 39,000.0% in the third quarter. Blue Trust Inc. now owns 391 shares of the company's stock worth $63,000 after acquiring an additional 390 shares in the last quarter. GAMMA Investing LLC boosted its stake in J&J Snack Foods by 24.0% in the 3rd quarter. GAMMA Investing LLC now owns 454 shares of the company's stock worth $78,000 after purchasing an additional 88 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in J&J Snack Foods during the 2nd quarter worth approximately $76,000. Canada Pension Plan Investment Board acquired a new position in J&J Snack Foods during the 2nd quarter valued at approximately $114,000. Finally, nVerses Capital LLC purchased a new position in shares of J&J Snack Foods in the third quarter worth $120,000. Institutional investors own 76.04% of the company's stock.

J&J Snack Foods Stock Performance

J&J Snack Foods stock traded up $0.17 during midday trading on Friday, hitting $168.00. 47,873 shares of the company were exchanged, compared to its average volume of 85,458. The business has a fifty day simple moving average of $169.03 and a two-hundred day simple moving average of $167.73. The firm has a market capitalization of $3.26 billion, a PE ratio of 37.75 and a beta of 0.64. J&J Snack Foods Corp. has a fifty-two week low of $133.23 and a fifty-two week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing analysts' consensus estimates of $1.85 by ($0.25). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The firm had revenue of $426.76 million for the quarter, compared to analyst estimates of $428.33 million. During the same period in the previous year, the business earned $1.73 EPS. J&J Snack Foods's revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, equities analysts expect that J&J Snack Foods Corp. will post 5.49 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Tuesday, December 17th. J&J Snack Foods's payout ratio is currently 70.11%.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a "buy" rating and issued a $200.00 target price on shares of J&J Snack Foods in a research report on Friday, November 15th.

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.